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Hormel Foods LT-Debt-to-Total-Asset

: 0.03 (As of Jul. 2019)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Hormel Foods's long-term debt to total assests ratio for the quarter that ended in Jul. 2019 was 0.03.

Hormel Foods's long-term debt to total assets ratio declined from Jul. 2018 (0.08) to Jul. 2019 (0.03). It may suggest that Hormel Foods is progressively becoming less dependent on debt to grow their business.


Hormel Foods LT-Debt-to-Total-Asset 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
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.04 0.04 0.04 0.08

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
LT-Debt-to-Total-Asset 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 0.08 0.08 0.03 0.03 0.03

Hormel Foods LT-Debt-to-Total-Asset Calculation

Hormel Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2018 is calculated as

LT Debt to Total Assets (A: Oct. 2018 )=Long-Term Debt & Capital Lease Obligation (A: Oct. 2018 )/Total Assets (A: Oct. 2018 )
=624.84/8142.292
=0.08

Hormel Foods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2019 is calculated as

LT Debt to Total Assets (Q: Jul. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: Jul. 2019 )/Total Assets (Q: Jul. 2019 )
=250/7954.576
=0.03

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Hormel Foods LT-Debt-to-Total-Asset Related Terms


Hormel Foods LT-Debt-to-Total-Asset Headlines

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