Hormel Foods Balance Sheet Health
Financial Health criteria checks 4/6
Hormel Foods has a total shareholder equity of $7.9B and total debt of $2.8B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are $13.1B and $5.2B respectively. Hormel Foods's EBIT is $1.1B making its interest coverage ratio 25.9. It has cash and short-term investments of $561.9M.
Key information
35.9%
Debt to equity ratio
US$2.83b
Debt
| Interest coverage ratio | 25.9x |
| Cash | US$561.93m |
| Equity | US$7.88b |
| Total liabilities | US$5.24b |
| Total assets | US$13.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H1RL34's short term assets ($3.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: H1RL34's short term assets ($3.0B) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: H1RL34's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: H1RL34's debt to equity ratio has increased from 4.2% to 35.9% over the past 5 years.
Debt Coverage: H1RL34's debt is well covered by operating cash flow (41.6%).
Interest Coverage: H1RL34's interest payments on its debt are well covered by EBIT (25.9x coverage).