Hormel Foods Corporation (HRL)

The debt-to-equity ratio of Hormel Foods Corp. has shown some fluctuation over the past five years, indicating changes in the company's capital structure. In October 2023, the debt-to-equity ratio was 0.43, which suggests that for every dollar of equity, the company had 43 cents in debt. Compared to the previous year, there was a slight improvement from 0.44 in October 2022. However, if we analyze the trend over the last five years, the ratio has generally been at a moderate level, varying from 0.04 in October 2019 to 0.48 in October 2021. This indicates that the company has been able to effectively manage its debt relative to its equity, maintaining a balance between leveraging and equity financing. The increasing ratio in 2021 might be indicating a shift towards more debt financing, while the subsequent decrease in 2023 demonstrates a potential effort to reduce reliance on debt. Overall, the trend in the debt-to-equity ratio suggests that Hormel Foods Corp. has been relatively conservative in its capital structure management.