HRL
Hormel Foods Corp.
Is HRL Halal?
Pork and processed foods — core activity fails qualitatively.
What You Should Know
Hormel's April 26, 2026 filing reports debt/assets of 21.40%, liquidity/assets of 6.44%, receivables plus cash/assets of 11.89% and disclosed interest income of 0.22% of quarterly sales. Pork and processed-meat activity is treated as impermissible under the site's qualitative framework despite passing examined financial ratios.
⚠️ Concerns
- •Pork is a core product line
- •Food sourcing and non-halal activity require review
- •Disclosed interest income is not a purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-26; calculated 2026-07-14.
2,856.339 / 13,344.286
859.857 / 13,344.286
1,586.823 / 13,344.286
6.479 / 2,972.6
- Financial
- Pass
- Overall
- Fails
Debt is 21.40% of assets, liquidity is 6.44%, receivables plus cash are 11.89% and disclosed interest income is 0.22%; core pork activity fails qualitatively.
- Financial
- Pass
- Overall
- Fails
Financial ratios are below examined limits, but core pork activity fails qualitatively.
- Financial
- Pass
- Overall
- Fails
Financial ratios are below examined Malaysia limits, but core pork activity fails; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; core activity failure is independent of that denominator.
Business-activity disclosure
Hormel's portfolio includes Spam, pork, processed meats and other food brands. Pork is a core business line treated as impermissible under the site's qualitative framework; financial ratios otherwise pass the examined limits.
Limitation: Treating all quarterly revenue as prohibited core-business revenue is an explicit analytical assumption, not an official Sharia classification.
Purification
Purification is not calculated because the core business activity fails; the disclosed interest-income ratio is not a donation prescription.
Inputs, assumptions and primary sources
- Amounts are USD thousands converted to millions from Hormel's April 26, 2026 Form 10-Q.
- Debt includes $505.335 million current maturities and $2,351.004 million long-term debt; operating leases are excluded.
- Cash is $826.750 million and short-term marketable securities are $33.107 million.
- Accounts and other receivables are $760.073 million and quarterly net sales are $2,972.6 million; disclosed interest income is $6.479 million.
- Hormel's core pork and processed-meat activity is treated as prohibited under the site's qualitative framework; the full quarterly revenue is used as the activity numerator, an explicit site-level assumption.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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