Hormel Foods Corporation

Hormel Foods Corporationverified

HRL

Price:

$30.24

Market Cap:

$16.58B

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It 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, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the ...[Read more]

Industry

Packaged Foods

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

HRL

The Current Ratio as of July 2024 (TTM) for Hormel Foods Corporation (HRL) is 1.73

According to Hormel Foods Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.73. This represents a change of 14.19% compared to the average of 1.51 of the last 4 quarters.

Hormel Foods Corporation (HRL) Historical Current Ratio (quarterly & annually)

How has HRL Current Ratio performed in the past?

The mean historical Current Ratio of Hormel Foods Corporation over the last ten years is 2.01. The current 1.73 Current Ratio has changed 8.50% with respect to the historical average. Over the past ten years (40 quarters), HRL's Current Ratio was at its highest in in the April 2021 quarter at 2.99. The Current Ratio was at its lowest in in the July 2023 quarter at 1.40.

Quarterly (TTM)
Annual

Average

2.01

Median

2.00

Minimum

1.43

Maximum

2.47

Hormel Foods Corporation (HRL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Hormel Foods Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 18.72%

Maximum Annual Current Ratio = 2.47

Minimum Annual Increase = -42.23%

Minimum Annual Current Ratio = 1.43

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.43-42.23%
20222.4718.56%
20212.08-12.50%
20202.3811.36%
20192.1418.72%
20181.80-6.00%
20171.92-0.64%
20161.9313.42%
20151.70-23.93%
20142.23-14.45%

Hormel Foods Corporation (HRL) Average Current Ratio

How has HRL Current Ratio performed in the past?

The current Current Ratio of Hormel Foods Corporation (HRL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.99

5-year avg

2.10

10-year avg

2.01

Hormel Foods Corporation (HRL) Current Ratio vs. Peers

How is HRL’s Current Ratio compared to its peers?

Hormel Foods Corporation’s Current Ratio is greater than Campbell Soup Company (0.62), greater than General Mills, Inc. (0.65), greater than Kellogg Company (0.62), greater than Lamb Weston Holdings, Inc. (1.19), greater than The J. M. Smucker Company (0.52), greater than Conagra Brands, Inc. (0.95), greater than The Kraft Heinz Company (1.09),

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