Hormel Foods (Hormel Foods) Cash-to-Debt

: 0.30 (As of Jan. 2024)

View and export this data going back to 1990. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Hormel Foods's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.30.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Hormel Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Hormel Foods's Cash-to-Debt or its related term are showing as below:

HRL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 1.33 Max: 2.75
Current: 0.3

During the past 13 years, Hormel Foods's highest Cash to Debt Ratio was 2.75. The lowest was 0.09. And the median was 1.33.

HRL's Cash-to-Debt is ranked worse than
61.3% of 1845 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HRL: 0.30

Hormel Foods Cash-to-Debt Historical Data

The historical data trend for Hormel Foods's Cash-to-Debt can be seen below:

* 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

2.75

1.33

0.19

0.30

0.23

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.19	0.18	0.21	0.23	0.30

Competitive Comparison

For the Packaged Foods subindustry, Hormel Foods's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Hormel Foods Cash-to-Debt Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hormel Foods's Cash-to-Debt falls into.

Hormel Foods Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Hormel Foods's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	753.196	/	(950.529	+	2358.719)
	=	0.23

Hormel Foods's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	981.924	/	(954.031	+	2357.176)
	=	0.30

Hormel Foods (NYSE:HRL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Hormel Foods Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hormel Foods's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hormel Foods (Hormel Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (NYSE:HRL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Executives

Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Kevin L Myers	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Deanna T Brady	officer: Vice President	1 HORMEL STREET, AUSTIN MN 55912
Elsa A Murano	director	1 HORMEL PLACE, AUSTIN MN 55912-3680
Pierre M Lilly	officer: SVP & Chief Compliance Officer	1 HORMEL PLACE, AUSTIN MN 55912
Mark J Ourada	officer: Group Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Mark A Coffey	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Prado Becerra Jose Luis	director	50 S. LASALLE STREET, CHICAGO IL 60603
Ray G Young	director	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Michael Paul Zechmeister	director	C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Patrick J Connor	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
James P Snee	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Katherine M Losness-larson	officer: Senior Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Florence Makope	officer: Vice President and Treasurer	1 HORMEL PLACE, AUSTIN MN 55912
Christopher J. Policinski	director	4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126