Hormel Foods Corporation (HRL)
Debt-to-capital ratio
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 2,850,940 | — | 2,358,720 | — |
| Total stockholders’ equity | US$ in thousands | 7,993,420 | 7,993,420 | 7,734,880 | 7,734,880 | 7,535,280 |
| Debt-to-capital ratio | 0.00 | 0.26 | 0.00 | 0.23 | 0.00 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,993,420K)
= 0.00
The debt-to-capital ratio of Hormel Foods Corporation has fluctuated over the years based on the data provided. As of October 31, 2022, the company had a debt-to-capital ratio of 0.00, indicating that there was no debt in the capital structure. However, by October 29, 2023, the ratio increased to 0.23, suggesting that 23% of the company's capital was financed through debt.
Subsequently, by October 31, 2023, the debt-to-capital ratio returned to 0.00, indicating a debt-free capital structure once again. However, there was another increase by October 27, 2024, with the ratio climbing to 0.26, signifying that 26% of the company's capital was funded through debt.
As of the latest available data on October 31, 2024, the debt-to-capital ratio reverted to 0.00, suggesting a return to a debt-free capital structure. Overall, it is evident that Hormel Foods Corporation has displayed a mix of debt and equity financing in its capital structure over the years, with fluctuations in the debt-to-capital ratio reflecting changes in the company's leverage.