Hormel Foods Corporation

NYSE HRL

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Hormel Foods Corporation Operating Income to Total Debt 2 year CAGR for the year ending October 31, 2023: -2.06%

Hormel Foods Corporation Operating Income to Total Debt 2 year CAGR is -2.06% for the year ending October 31, 2023, a 93.42% change year over year. The operating income to total debt ratio measures the ability of a company's operating income to cover its total debt obligations. It is calculated by dividing the operating income by the total debt. This ratio provides insights into the company's ability to generate income from its operations to service its debt. A higher ratio indicates a stronger capacity to generate operating income relative to the level of debt, suggesting potential financial strength and debt servicing capability. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Hormel Foods Corporation Operating Income to Total Debt for the year ending October 31, 2022 was 0.40, a 17.80% change year over year.
Hormel Foods Corporation Operating Income to Total Debt for the year ending October 31, 2021 was 0.34, a -59.98% change year over year.
Hormel Foods Corporation Operating Income to Total Debt for the year ending October 31, 2020 was 0.84, a -82.36% change year over year.
Hormel Foods Corporation Operating Income to Total Debt for the year ending October 31, 2019 was 4.79, a 149.38% change year over year.

NYSE: HRL

Hormel Foods Corporation

CEO	Mr. James P. Snee
IPO Date	Jan. 2, 1990
Location	United States
Headquarters	1 Hormel Place, Austin, MN, United States, 55912-3680
Employees	20,000
Sector	Consumer Defensive
Industry	Packaged foods

Description

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST "N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

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