Total Debt for Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's latest reported total debt is $2.86B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
HRL
Currently viewingTotal DebtSwitch metric
Latest period
$2.86B
YoY change
-0.0%
5Y CAGR
+17.0%
Peak year (2021)
$3.32B
Latest annual
$2.86B
Total Debt history chart for Hormel Foods (HRL) from 1985 to 2025
Total Debt history table for Hormel Foods (HRL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $2.86B | -0.0% | ||
| 2024 | $2.86B | -13.6% | ||
| 2023 | $3.31B | +0.3% | ||
| 2022 | $3.30B | -0.7% | ||
| 2021 | $3.32B | +155.0% | ||
| 2020 | $1.30B | +421.5% | ||
| 2019 | $250.00M | -60.0% | ||
| 2018 | $624.84M | +149.9% | ||
| 2017 | $250.00M | 0.0% | ||
| 2016 | $250.00M | -42.5% | ||
| 2015 | $435.00M | +74.0% | ||
| 2014 | $250.00M | 0.0% | ||
| 2013 | $250.00M | 0.0% | ||
| 2012 | $250.00M | 0.0% | ||
| 2011 | $250.00M | -28.6% | ||
| 2010 | $350.00M | 0.0% | ||
| 2009 | $350.00M | -22.2% | ||
| 2008 | $450.00M | +7.1% | ||
| 2007 | $420.05M | +19.9% | ||
| 2006 | $350.42M | -3.1% | ||
| 2005 | $361.50M | -4.2% | ||
| 2004 | $377.27M | -7.9% | ||
| 2003 | $409.57M | -3.3% | ||
| 2002 | $423.47M | -15.5% | ||
| 2001 | $501.44M | +172.0% | ||
| 2000 | $184.37M | -18.4% | ||
| 1999 | $225.90M | +7.1% | ||
| 1998 | $211.00M | +4.0% | ||
| 1997 | $202.80M | +56.6% | ||
| 1996 | $129.50M | +578.0% | ||
| 1995 | $19.10M | +78.5% | ||
| 1994 | $10.70M | +87.7% | ||
| 1993 | $5.70M | -26.9% | ||
| 1992 | $7.80M | -71.2% | ||
| 1991 | $27.10M | +3.0% | ||
| 1990 | $26.30M | +28.9% | ||
| 1989 | $20.40M | -56.3% | ||
| 1988 | $46.70M | -53.3% | ||
| 1987 | $100.00M | +49.7% | ||
| 1986 | $66.80M | +2.6% | ||
| 1985 | $65.10M | — |
Total Debt values are taken from Hormel Foods's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual total debt for Hormel Foods (HRL) came in at $2.86B – edged down 0.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Hormel Foods total debt compounded at +17.0% per year, with the latest reading among the more recent periods of the dataset.
2021 marks the peak total debt at $3.32B, with the historical low of $5.70M recorded in 1993.
Within Consumer Defensive, Hormel Foods (HRL) ranks 8th among 8 peers we track. The peer median for total debt is $40.48B.
Hormel Foods Total Debt by Year
Hormel Foods Total Debt 2025: $2.86B
Hormel Foods total debt in 2025 was $2.86B, edged down 0.0% below 2024.
Hormel Foods Total Debt 2024: $2.86B
Hormel Foods total debt in 2024 was $2.86B, declined 13.6% below 2023.
Hormel Foods Total Debt 2023: $3.31B
Hormel Foods total debt in 2023 was $3.31B, edged up 0.3% from 2022.
Hormel Foods Total Debt 2022: $3.30B
Hormel Foods total debt in 2022 was $3.30B, edged down 0.7% below 2021.
Hormel Foods Total Debt 2021: $3.32B
Hormel Foods total debt in 2021 was $3.32B.
See more financial history for Hormel Foods (HRL).
Sector peers — Total Debt
Companies in the same sector as Hormel Foods, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $67.09B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $49.90B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $48.84B | Consumer Defensive |
| The Coca-Cola Company (KO) | $45.49B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $35.46B | Consumer Defensive |
| Altria Group, Inc. (MO) | $25.71B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.17B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $0 | Consumer Defensive |
Frequently asked questions
What is Hormel Foods's total debt?
- Latest reported total debt for Hormel Foods (HRL) is $2.86B (period ending January 25, 2026).
How has Hormel Foods total debt changed year-over-year?
- Hormel Foods (HRL) total debt changed -0.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Hormel Foods total debt?
- Hormel Foods (HRL) total debt compound annual growth rate is +17.0% over the most recent 5 years available.
When did Hormel Foods total debt hit its highest annual value?
- Hormel Foods total debt reached its highest annual value of $3.32B in 2021.
What was Hormel Foods total debt in 2024?
- Hormel Foods (HRL) total debt in 2024 was $2.86B.
What was Hormel Foods total debt in 2025?
- Hormel Foods (HRL) total debt in 2025 was $2.86B.
Metrics overview
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