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Hormel Foods

NYSE: HRL · USD

Hormel Foods debt and dilution63

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$2,855.123M
Jul 25, 2010 through Jul 26, 2026

Cash & equivalents

USD millions

$839.639M

Net debt

USD millions

$2,015.484M

Debt / equity

×

0.36×

Debt / assets

%

21.48%

Net debt / EBITDA

× · TTM

2.38×

Debt / FCF

× · TTM

3.66×

Interest coverage

× · TTM

7.28×

Current ratio

×

1.88×

Diluted shares

Million shares

551.07M shares

Basic shares

Million shares

550.68M shares

Share count growth

%

0.05%

Share repurchases

USD millions

—

Unavailable for FY 2026 Q3.

Quarterly data

Hormel Foods capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3Jul 26, 20262,855.12839.642,015.480.36×21.48%2.38×3.66×7.28×1.88×551.07550.680.05%—
FY 2026 Q2Apr 26, 20262,856.34826.752,029.590.36×21.4%2.09×4.12×8.94×1.94×550.92550.560.05%—
FY 2026 Q1Jan 25, 20262,857.49867.911,989.590.36×21.46%1.99×4.95×9.37×2.66×550.71550.480.19%—
FY 2025 Q4Oct 26, 20252,857.42670.682,186.750.36×21.34%2.23×5.35×9.21×2.47×550.8550.510.29%—
FY 2025 Q3Jul 27, 20252,856.9599.192,257.720.35×21.17%1.78×4.55×12.98×2.47×550.72550.410.31%—
FY 2025 Q2Apr 27, 20252,857.95669.692,188.260.36×21.29%1.73×4.11×12.62×2.47×550.61550.280.44%—
FY 2025 Q1Jan 26, 20252,857.39840.42,0170.36×21.32%1.59×3.21×12.33×2.45×549.85549.460.45%—
FY 2024 Q4Oct 27, 20242,858.76741.882,116.880.36×21.28%1.6×2.83×13.2×2.32×549.46548.940.44%0
FY 2024 Q3Jul 28, 20242,859.85537.482,322.380.36×21.81%1.83×3.17×13.07×2.29×549.27548.690.43%0
FY 2024 Q2Apr 28, 20243,809.91,486.372,323.530.48×26.95%1.84×3.85×13.34×1.73×548.69547.870.26%—
FY 2024 Q1Jan 28, 20243,311.21963.212,3480.42×24.5%1.79×3.42×14.54×1.49×547.92547.020.12%—
FY 2023 Q4Oct 29, 20233,309.25736.532,572.720.43×24.61%1.94×4.26×14.61×1.43×548.25546.520.06%0
FY 2023 Q3Jul 30, 20233,307.36669.122,638.240.43×24.63%1.81×3.93×16.09×1.4×548.64546.360.05%0
FY 2023 Q2Apr 30, 20233,303.39580.52,722.90.43×24.81%1.79×4.54×17.79×2.42×549.01546.420.32%—
FY 2023 Q1Jan 29, 20233,301.49599.792,701.70.43×24.85%1.74×4.79×19.36×2.33×550.03546.380.68%—
FY 2022 Q4Oct 30, 20223,299.35982.112,317.240.44×24.79%1.47×3.85×21×2.47×550.13546.210.69%0
FY 2022 Q3Jul 31, 20223,303.09850.342,452.750.45×25.14%1.57×3.16×21.54×2.4×550.17546.080.8%0
FY 2022 Q2May 1, 20223,302.19861.722,440.470.45×25.16%1.66×3.5×21.55×2.28×550.04544.70.83%0
FY 2022 Q1Jan 30, 20223,317.98824.432,493.550.47×25.87%1.77×3.54×23.62×2.19×547.93542.680.51%0
FY 2021 Q4Oct 31, 20213,323.9613.532,710.370.48×26.18%2.01×4.32×25.92×2.08×547.29542.50.51%10.31
FY 2021 Q3Jul 25, 20213,324.99291.363,033.630.49×26.96%2.45×8.16×28.94×2.15×548.07541.750.49%0
FY 2021 Q2Apr 25, 20211,049.821,484.53-434.710.16×10.62%-0.34×1.68×36.11×2.99×547.54540.20.39%0.82
FY 2021 Q1Jan 24, 20211,301.741,751.54-449.80.2×13.07%-0.35×1.64×42.29×2.54×547.44539.910.9%8.84
FY 2020 Q4Oct 25, 20201,303.631,714.31-410.680.2×13.16%-0.31×1.71×52.22×2.38×548.03539.731.04%0
FY 2020 Q3Jul 26, 20201,305.511,729.37-423.860.21×13.6%-0.32×1.51×72.01×2.39×547.15539.110.92%0
FY 2020 Q2Apr 26, 2020315.16606.07-290.920.05×3.75%-0.22×0.41×86.06×1.7×546.37538.120.49%12.36
FY 2020 Q1Jan 26, 2020317.23724.42-407.190.05×3.83%-0.3×0.52×75.52×2.34×544.82535.080.11%0
FY 2019 Q4Oct 27, 2019250672.9-422.90.04×3.08%-0.31×0.4×66.2×2.14×543.8534.150.2%0
FY 2019 Q3Jul 28, 2019—560.2—————56.31×2.09×543.68534.190.68%106.62
FY 2019 Q2Apr 28, 2019—639.33—————45.41×2.14×546.33535.481.07%22.81
FY 2019 Q1Jan 27, 2019624.88512.69112.190.11×7.66%0.08×0.83×42.94×1.46×547.12534.50.95%44.81
FY 2018 Q4Oct 28, 2018624.84459.14165.70.11×7.67%0.12×0.73×45.25×1.8×545.42533.110.97%2.16
FY 2018 Q3Jul 29, 2018—268.98—————50.71×1.69×543.76530.610.46%0
FY 2018 Q2Apr 29, 2018—261.57—————66.55×1.61×542.81529.80.21%19.54
FY 2018 Q1Jan 28, 2018—385.78—————85.62×1.47×543.48529.450.16%25.2
FY 2017 Q4Oct 29, 2017250444.12-194.120.05×3.58%-0.14×0.32×100.96×1.92×537.95527.99-0.15%0
FY 2017 Q3Jul 30, 2017—633.34—————106.25×2.53×538.81528.17-0.28%44.9
FY 2017 Q2Apr 30, 2017—548.9—————105.09×2.58×539.64528.71-0.22%19
FY 2017 Q1Jan 29, 2017—609.82—————105.66×2.3×540.06528.59-0.05%30.59
FY 2016 Q4Oct 30, 2016—415.14—————102.86×1.93×541.31528.780.02%42.91
FY 2016 Q3Jul 24, 2016—379.6—————91.99×1.78×542.16529.660.22%38.62
FY 2016 Q2Apr 24, 2016—379.88—————89.26×2.11×543.77529.90.35%—
FY 2016 Q1Jan 24, 2016—375.22—————86.19×1.91×542.74528.860.29%—
FY 2015 Q4Oct 25, 2015—347.24—————81.41×1.7×541.79528.650.28%—
FY 2015 Q3Jul 26, 2015—349.17—————83.69×1.61×541.2528.520.1%—
FY 2015 Q2Apr 26, 2015—624.4—————82.77×2.65×540.89528.060.04%—
FY 2015 Q1Jan 25, 2015—527.1—————77.65×2.4×540.12527.35-0.03%—
FY 2014 Q4Oct 26, 2014—334.17—————75.7×2.23×539.66527.17-0.1%30.87
FY 2014 Q3Jul 27, 2014—530.98—————73.86×2.86×540.8527.97-0.24%12.94
FY 2014 Q2Apr 27, 2014—499.33—————70.54×2.89×540.82527.85-0.36%—
FY 2014 Q1Jan 26, 2014—639.84—————68.05×2.63×540.45527.5-0.07%—
FY 2013 Q4Oct 27, 2013—434.01—————64.72×2.61×540.41527.70.34%25.15
FY 2013 Q3Jul 28, 2013—329.5—————62.44×2.47×541.54529.210.47%37.74
FY 2013 Q2Apr 28, 2013—262.75—————60.86×2.59×541.56529.740.48%—
FY 2013 Q1Jan 27, 2013—887.68—————59.86×3.25×538.28527.89-0%—
FY 2012 Q4Oct 28, 2012—682.39—————60.75×2.95×536.3525.9-0.74%10.67
FY 2012 Q3Jul 29, 2012—533.22—————56.75×3.13×537.49526.72-1.34%8.6
FY 2012 Q2Apr 29, 2012—524.78—————46.06×2.94×538.12527.22-1.35%30.97
FY 2012 Q1Jan 29, 2012—548.62—————35.4×2.79×539.22527.89-0.98%11.12
FY 2011 Q4Oct 30, 2011—463.13—————31.75×2.57×540.63529.83-0.48%72.28
FY 2011 Q3Jul 31, 2011250497.36-247.360.09×6.02%-0.29×0.55×27.39×2.82×545.52533.850.2%45.93
FY 2011 Q2May 1, 2011600913.7-313.70.23×13.48%-0.37×1.21×26.25×2.27×545.69534.41—20.99
FY 2011 Q1Jan 30, 2011—598.81——————1.91×543.48533.12—13.73
FY 2010 Q4Oct 31, 2010350467.85-117.850.15×8.63%-0.16×0.88×23.32×1.69×541.18532.41—16.4
FY 2010 Q3Jul 25, 2010350376.92-26.920.15×9.1%———1.68×540.65532.8—23.35
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · HRL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.