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Hormel Foods Corp (NYSE:HRL)
Equity to Asset Ratio
0.69 (As of Apr. 2014)

Equity to Asset ratio is calculated as shareholder’s tangible equity divided by its total asset. Hormel Foods Corp's total equity for the quarter that ended in Apr. 2014 was $3,506 Mil. Hormel Foods Corp's total assets for the quarter that ended in Apr. 2014 was $5,086 Mil. Therefore, Hormel Foods Corp's Equity to Asset Ratio for the quarter that ended in Apr. 2014 was 0.69.

HRL' s 10-Year Equity to Asset Range
Min: 0.45   Max: 0.69
Current: 0.69

0.45
0.69

During the past 13 years, the highest Equity to Asset Ratio of Hormel Foods Corp was 0.69. The lowest was 0.45. And the median was 0.56.

HRL's Equity to Assetis ranked higher than
83% of the 1452 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.53 vs. HRL: 0.69 )

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholder’s tangible equity divided by its total asset.

Hormel Foods Corp's Equity to Asset Ratio for the fiscal year that ended in Oct. 2013 is calculated as

Equity to Asset (A: Oct. 2013 )=Total Equity/Total Assets
=3311.04/4915.88
=0.67

Hormel Foods Corp's Equity to Asset Ratio for the quarter that ended in Apr. 2014 is calculated as

Equity to Asset (Q: Apr. 2014 )=Total Equity/Total Assets
=3505.916/5085.824
=0.69

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Related Terms

Return on Equity, Total Assets, Total Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Hormel Foods Corp Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
equity2asset 0.550.560.590.560.560.580.590.630.620.67

Hormel Foods Corp Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
equity2asset 0.640.650.660.620.630.650.640.670.670.69
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