HORMEL FOODS
HORMEL FOODS operates in Diversified Metals & Mining.
HORMEL FOODS (HO7) - Total Liabilities
Latest total liabilities as of July 2024: €5.24 Billion EUR
Based on the latest financial reports, HORMEL FOODS (HO7) has total liabilities worth €5.24 Billion EUR as of July 2024.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
HORMEL FOODS - Total Liabilities Trend (2016–2023)
This chart illustrates how HORMEL FOODS's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
HORMEL FOODS Competitors by Total Liabilities
The table below lists competitors of HORMEL FOODS ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
SKF -B- - Dusseldorf Stock Exchang
DU:SKFB
|
Germany | €55.73 Billion |
|
Verus International Inc
PINK:VRUS
|
USA | $3.53 Million |
|
NTT DATA - Dusseldorf Stock Exchang
DU:NT5
|
Germany | €4.44 Trillion |
|
Premier Foods PLC
LSE:PFD
|
UK | GBX814.70 Million |
|
EFG INTL N (E2S.SG)
STU:E2S
|
Germany | €36.37 Billion |
Liability Composition Analysis (2016–2023)
This chart breaks down HORMEL FOODS's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 2.29 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.67 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.40 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how HORMEL FOODS's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for HORMEL FOODS (2016–2023)
The table below shows the annual total liabilities of HORMEL FOODS from 2016 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-10-31 | €5.71 Billion | -0.99% |
| 2022-10-31 | €5.77 Billion | +0.85% |
| 2021-10-31 | €5.72 Billion | +64.41% |
| 2020-10-31 | €3.48 Billion | +59.29% |
| 2019-10-31 | €2.18 Billion | -13.95% |
| 2018-10-31 | €2.54 Billion | +24.62% |
| 2017-10-31 | €2.04 Billion | +6.13% |
| 2016-10-31 | €1.92 Billion | -- |