Hormel Foods Balance Sheet Health
Financial Health criteria checks 4/6
Hormel Foods has a total shareholder equity of $7.5B and total debt of $3.3B, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are $13.3B and $5.8B respectively. Hormel Foods's EBIT is $1.3B making its interest coverage ratio 37.3. It has cash and short-term investments of $998.3M.
Key information
43.2%
Debt to equity ratio
US$3.25b
Debt
Interest coverage ratio | 37.3x |
Cash | US$998.26m |
Equity | US$7.54b |
Total liabilities | US$5.77b |
Total assets | US$13.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO7's short term assets ($3.6B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: HO7's short term assets ($3.6B) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: HO7's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: HO7's debt to equity ratio has increased from 5.2% to 43.2% over the past 5 years.
Debt Coverage: HO7's debt is well covered by operating cash flow (34.9%).
Interest Coverage: HO7's interest payments on its debt are well covered by EBIT (37.3x coverage).