Hormel Foods (HRL) Debt Metrics
Market Cap: $16.49B
Avg Volume: 2.96M
Industry: Packaged Foods
Sector: Consumer Defensive
How much debt does Hormel Foods have?
According to Hormel Foods's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Hormel Foods's total debt stands at $2.86B. This is broken down into:
- Long-term debt: $2.85B
- Short-term debt: $7.81M
The company's net debt, which accounts for cash and cash equivalents, is $2.12B. In terms of overall financial obligations, Hormel Foods's total liabilities amount to $5.43B.
Debt Ratios and Metrics
To better understand Hormel Foods's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.36 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 21.28% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 13.20 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 26.29% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 26.34% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Hormel Foods's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$2.86B
Long-term Debt
$2.85B
Short-term Debt
$7.81M
Net Debt
$2.12B
Total Liabilities
$5.43B
Interest Coverage
13.20
Debt to Equity Ratio
0.36
Debt Ratio
21.28%
Hormel Foods Historical Debt Metrics
Hormel Foods Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $2.86B | $2.85B | $7.81M | $2.12B | $5.43B | 0.36 | 21.28% | 13.20 | 26.29% | 26.34% |
| 2023 | $3.31B | $2.47B | $950.53M | $2.57B | $5.71B | 0.43 | 24.61% | 14.61 | 23.16% | 29.96% |
| 2022 | $3.30B | $3.38B | $405.00K | $2.32B | $5.77B | 0.44 | 24.79% | 21.00 | 30.38% | 30.44% |
| 2021 | $3.32B | $3.42B | $8.76M | $2.71B | $5.72B | 0.48 | 26.17% | 25.92 | 32.21% | 32.26% |
| 2020 | $1.30B | $1.04B | $258.69M | $-410.68M | $3.48B | 0.20 | 13.15% | 52.22 | 13.98% | 16.86% |
| 2019 | $250.00M | $250.00M | $- | $-422.90M | $2.18B | 0.04 | 3.08% | 66.20 | 4.05% | 4.05% |
| 2018 | $624.84M | $624.84M | $- | $165.70M | $2.54B | 0.11 | 7.67% | 45.25 | 10.03% | 10.03% |
| 2017 | $250.00M | $250.00M | $- | $-194.12M | $2.04B | 0.05 | 3.58% | 100.96 | 4.82% | 4.82% |
| 2016 | $250.00M | $250.00M | $- | $-165.14M | $1.92B | 0.06 | 3.92% | 102.86 | 5.32% | 5.32% |
| 2015 | $435.00M | $250.00M | $185.00M | $87.76M | $2.14B | 0.11 | 7.08% | 81.41 | 5.88% | 9.81% |
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