Hormel Foods Balance Sheet Health
Financial Health criteria checks 4/6
Hormel Foods has a total shareholder equity of $7.8B and total debt of $3.3B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are $13.5B and $5.7B respectively. Hormel Foods's EBIT is $1.1B making its interest coverage ratio 21.4. It has cash and short-term investments of $981.9M.
Key information
41.8%
Debt to equity ratio
US$3.28b
Debt
Interest coverage ratio | 21.4x |
Cash | US$981.92m |
Equity | US$7.85b |
Total liabilities | US$5.66b |
Total assets | US$13.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO7's short term assets ($3.4B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: HO7's short term assets ($3.4B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: HO7's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: HO7's debt to equity ratio has increased from 10.9% to 41.8% over the past 5 years.
Debt Coverage: HO7's debt is well covered by operating cash flow (38.1%).
Interest Coverage: HO7's interest payments on its debt are well covered by EBIT (21.4x coverage).