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Hormel Foods Debt-to-EBITDA

: 0.20 As of Jul. 2019
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Hormel Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2019 was $0 Mil. Hormel Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2019 was $250 Mil. Hormel Foods's annualized EBITDA for the quarter that ended in Jul. 2019 was $1,223 Mil. Hormel Foods's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2019 was 0.20.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

NYSE:HRL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.17   Max: 0.51
Current: 0.18

0.17
0.51

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hormel Foods was 0.51. The lowest was 0.17. And the median was 0.29.

NYSE:HRL's Debt-to-EBITDA is ranked higher than
91% of the 1167 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 2.57 vs. NYSE:HRL: 0.18 )

Hormel Foods Debt-to-EBITDA 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
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.36 0.17 0.18 0.46

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
Debt-to-EBITDA 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 0.59 0.42 0.44 0.17 0.20

Competitive Comparison
* 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.


Hormel Foods Debt-to-EBITDA Distribution

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



Hormel Foods Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Hormel Foods's Debt-to-EBITDA for the fiscal year that ended in Oct. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 624.84) / 1369.636
=0.46

Hormel Foods's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2019 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 250) / 1222.74
=0.20

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

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jul. 2019) EBITDA data.


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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Hormel Foods Debt-to-EBITDA Related Terms


Hormel Foods Debt-to-EBITDA Headlines

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