Hormel Foods Corporation (HRL)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 2,850,940 | — | 2,851,620 | — | 2,852,600 | — | 2,357,180 | — | 2,358,720 | — | 2,360,380 | — | — | 3,292,560 | — | 3,290,550 | — | 3,294,100 |
| Total assets | US$ in thousands | 13,403,500 | 13,434,700 | 13,434,700 | 13,113,800 | 13,113,800 | 14,135,400 | 14,135,400 | 13,513,000 | 13,513,000 | 13,448,800 | 13,448,800 | 13,426,800 | 13,426,800 | 13,315,700 | 13,283,000 | 13,283,000 | 13,306,900 | 13,306,900 | 13,140,400 | 13,122,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.21 | 0.00 | 0.22 | 0.00 | 0.20 | 0.00 | 0.17 | 0.00 | 0.18 | 0.00 | 0.18 | 0.00 | 0.00 | 0.25 | 0.00 | 0.25 | 0.00 | 0.25 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,403,500K
= 0.00
The debt-to-assets ratio of Hormel Foods Corporation shows a consistent pattern of maintaining a low level of debt relative to its total assets. The ratio fluctuates between 0.00 and 0.25 over the observed period, indicating a conservative leverage strategy by the company.
In the most recent period, as of January 31, 2025, the debt-to-assets ratio stands at 0.00, suggesting that the company has no debt in relation to its total assets. This could indicate a strong financial position and minimal risk of financial distress due to debt obligations.
Overall, Hormel Foods Corporation appears to manage its debt levels prudently, maintaining a healthy balance between debt and assets. This low debt-to-assets ratio signifies a stable financial structure and may reflect the company's conservative approach to financing its operations.