USD -21 Mil . explanation, calculation, historical data and more" />HRL Interest Expense | Hormel Foods - GuruFocus.com
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Hormel Foods Interest Expense

: USD -21 Mil (TTM As of Jul. 2019)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hormel Foods's interest expense for the three months ended in Jul. 2019 was USD -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2019 was USD -21 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hormel Foods's Operating Income for the three months ended in Jul. 2019 was USD 253 Mil. Hormel Foods's Interest Expense for the three months ended in Jul. 2019 was USD -3 Mil. Hormel Foods's Interest Coverage for the quarter that ended in Jul. 2019 was 78.83. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Hormel Foods Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Hormel Foods Annual Data
Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.70 -13.11 -12.87 -12.68 -26.49

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.44 -6.33 -6.15 -5.62 -3.21

Hormel Foods Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jul. 2019 was -6.329 (Oct. 2018 ) + -6.147 (Jan. 2019 ) + -5.615 (Apr. 2019 ) + -3.213 (Jul. 2019 ) = USD -21 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Hormel Foods  (NYSE:HRL) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hormel Foods's Interest Expense for the three months ended in Jul. 2019 was USD -3 Mil. Its Operating Income for the three months ended in Jul. 2019 was USD 253 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2019 was USD 250 Mil.

Hormel Foods's Interest Coverage for the quarter that ended in Jul. 2019 is calculated as

Interest Coverage=-1*Operating Income (Q: Jul. 2019 )/Interest Expense (Q: Jul. 2019 )
=-1*253.273/-3.213
=78.83

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Hormel Foods Corp has enough cash to cover all of its debt. Its financial situation is stable.


Hormel Foods Interest Expense Headlines

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