Hormel Foods (Hormel Foods) Effective Interest Rate on Debt %

Hormel Foods Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Effective Interest Rate on Debt %							4.13	2.71	1.87	1.89	2.22

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %																2.22	2.22	2.22	2.22	2.21

For the Packaged Foods subindustry, Hormel Foods's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hormel Foods's Effective Interest Rate on Debt % falls into.

Hormel Foods Effective Interest Rate on Debt % Calculation

Hormel Foods's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

where

Hormel Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hormel Foods  (NYSE:HRL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Hormel Foods Effective Interest Rate on Debt % Related Terms

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Hormel Foods (Hormel Foods) Business Description