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
Is Hormel Foods (NYSE:HRL) A Risky Investment?
May 12
These 4 Measures Indicate That Hormel Foods (NYSE:HRL) Is Using Debt Reasonably Well
Jan 10Here's Why Hormel Foods (NYSE:HRL) Can Manage Its Debt Responsibly
Sep 05Recent updates
Sentiment Still Eluding Hormel Foods Corporation (NYSE:HRL)
Nov 17Hormel Foods (NYSE:HRL) Is Due To Pay A Dividend Of $0.2825
Oct 11Hormel Foods: A Former Darling Has Fallen Out Of Favor
Sep 27Hormel Foods' (NYSE:HRL) Dividend Will Be $0.2825
Sep 27Hormel Foods' Q3 Earnings Cook, But Revenue Misses The Plate
Sep 05An Intrinsic Calculation For Hormel Foods Corporation (NYSE:HRL) Suggests It's 29% Undervalued
Aug 17Hormel Foods: How Good Is The Dividend Profile, And Is It A Good Buy Now?
Aug 16Hormel Foods Corporation's (NYSE:HRL) Popularity With Investors Is Clear
Jul 29Hormel Foods: The Reasons We Are Not Starting A Position
Jun 11Hormel: You Are Two-Thirds Of The Way There
Jun 05Hormel Foods (NYSE:HRL) Is Due To Pay A Dividend Of $0.2825
May 24Is Hormel Foods (NYSE:HRL) A Risky Investment?
May 12Hormel Foods: A Wait And See Approach For This Dividend King
Apr 30Hormel: Hit The Fade And Look To Buy Below $25
Apr 22Hormel Foods Corporation (NYSE:HRL) Shares Could Be 31% Below Their Intrinsic Value Estimate
Apr 21Hormel Foods (NYSE:HRL) Will Pay A Dividend Of $0.2825
Apr 03The Reasons Hormel Foods Has Fallen Out Of Favor With Us
Mar 20Hormel: Mixed Outlook For This Dividend King
Mar 14Hormel Foods Corporation Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next
Mar 03Hormel: Peak Pessimism, Buy For A Trade And Then Hit The Fade
Feb 15Hormel: Discounted Dividend King With Historically High Yield
Feb 08Down 40%, 3.6%-Yielding Hormel Foods Has Become Very Attractive
Jan 15These 4 Measures Indicate That Hormel Foods (NYSE:HRL) Is Using Debt Reasonably Well
Jan 10Hormel: This Dividend King Is Getting Very Old
Jan 05Hormel Foods' (NYSE:HRL) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 22Hormel Foods (NYSE:HRL) Is Increasing Its Dividend To $0.2825
Dec 08Hormel Is A Historic Buy, And So Are These 6%-Yielding Dividend Aristocrats
Dec 06Hormel Foods' (NYSE:HRL) Dividend Will Be Increased To $0.2825
Nov 24Hormel Foods: Q4 Earnings Might Not Look Pretty
Nov 20Hormel Foods: Getting Closer To A Buy
Nov 13Hormel Foods Stock: Caution, Just Caution
Oct 11Here's Why Hormel Foods (NYSE:HRL) Can Manage Its Debt Responsibly
Sep 05Hormel Feeds The Bears Some More
Aug 31Hormel Foods: Still Not Worth It
Aug 15Calculating The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
Aug 14Hormel Foods Will Return To Growth
Jun 08Financial Position Analysis
Short Term Liabilities: HRL's short term assets ($3.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: HRL's short term assets ($3.0B) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: HRL's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: HRL's debt to equity ratio has increased from 4.2% to 35.9% over the past 5 years.
Debt Coverage: HRL's debt is well covered by operating cash flow (41.6%).
Interest Coverage: HRL's interest payments on its debt are well covered by EBIT (25.9x coverage).