Hormel Foods Balance Sheet Health
Financial Health criteria checks 5/6
Hormel Foods has a total shareholder equity of $7.9B and total debt of $3.8B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are $14.1B and $6.2B respectively. Hormel Foods's EBIT is $1.0B making its interest coverage ratio 25.8. It has cash and short-term investments of $1.5B.
Key information
47.8%
Debt to equity ratio
US$3.78b
Debt
| Interest coverage ratio | 25.8x |
| Cash | US$1.51b |
| Equity | US$7.90b |
| Total liabilities | US$6.24b |
| Total assets | US$14.14b |
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 05Hormel Foods (NYSE:HRL) Seems To Use Debt Quite Sensibly
Jun 07Is Hormel Foods (NYSE:HRL) A Risky Investment?
Feb 28Recent updates
Hormel 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 08Hormel Foods (NYSE:HRL) Seems To Use Debt Quite Sensibly
Jun 07Hormel Dividends: Where's The Juice?
May 31Estimating The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
May 08Hormel Foods (NYSE:HRL) Has Announced That It Will Be Increasing Its Dividend To $0.275
Apr 05Is Hormel Foods (NYSE:HRL) A Risky Investment?
Feb 28Hormel Foods: A Great, But Overvalued Consumer Staples Stock
Feb 12A Look At The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
Jan 27Hormel Foods (NYSE:HRL) Is Increasing Its Dividend To $0.275
Jan 12Hormel: A Mini Spam Bubble Becomes Less Expensive
Jan 11Financial Position Analysis
Short Term Liabilities: HRL's short term assets ($4.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: HRL's short term assets ($4.0B) exceed its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: HRL's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: HRL's debt to equity ratio has increased from 4.2% to 47.8% over the past 5 years.
Debt Coverage: HRL's debt is well covered by operating cash flow (33.8%).
Interest Coverage: HRL's interest payments on its debt are well covered by EBIT (25.8x coverage).