Company / Interest Expense
Hormel Foods Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$73.4M
FY2023
5-year range
$43.3M / $73.4M
FY2019-FY2023
Trend
+17.4%
vs FY2022
Sector context
#21 of 32
Consumer Staples
What the data says
At $73M, Hormel Foods's interest expense ranks #12 of 32 in the Consumer Staples sector. Interest Expense has increased for 4 consecutive years, from $18M in FY2019 to $73M in FY2023.
Based on SEC 10-K filings.
$73M in FY2023 with a 5-year CAGR of +22.6%.
Increased from $43M to $73M over the past 2 years.
Consumer Staples sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +51.6%
- 5-Year CAGR
- +22.6%
- 10-Year CAGR
- -
Sector benchmark
#12 of 32 in Consumer StaplesTop 34% of 32This company $73.4M Sector average $289.3M
▼
-74.6% below sector average
Key checks
Key Insights
- Hormel Foods's interest expense has grown for 4 consecutive years.
- 5-year CAGR of +22.6%, indicating consistent growth.
- In FY2023, interest expense increased 17.4% year-over-year.
- Ranks #21 out of 32 companies in the Consumer Staples sector.
Company context
Key Data Points
- Altman Z-Score 0.88 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $73.4M | +17.4% |
| FY2022 | $62.5M | +44.4% |
| FY2021 | $43.3M | +105.5% |
| FY2020 | $21.1M | +16.6% |
| FY2019 | $18.1M | -31.8% |
| FY2018 | $26.5M | +108.9% |
| FY2017 | $12.7M | -1.5% |
| FY2016 | $12.9M | -1.8% |
As of FY2023 · SEC 10-K · Updated Mar 9, 2026