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HSY (The Hershey Co) Cash Ratio : 0.15 (As of Sep. 2024)


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What is The Hershey Co Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. The Hershey Co's Cash Ratio for the quarter that ended in Sep. 2024 was 0.15.

The Hershey Co has a Cash Ratio of 0.15. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for The Hershey Co's Cash Ratio or its related term are showing as below:

HSY' s Cash Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.16   Max: 0.64
Current: 0.15

During the past 13 years, The Hershey Co's highest Cash Ratio was 0.64. The lowest was 0.09. And the median was 0.16.

HSY's Cash Ratio is ranked worse than
70.98% of 1854 companies
in the Consumer Packaged Goods industry
Industry Median: 0.385 vs HSY: 0.15

The Hershey Co Cash Ratio Historical Data

The historical data trend for The Hershey Co's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Hershey Co Cash Ratio Chart

The Hershey Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.60 0.13 0.14 0.13

The Hershey Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.13 0.15 0.12 0.15

Competitive Comparison of The Hershey Co's Cash Ratio

For the Confectioners subindustry, The Hershey Co's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Hershey Co's Cash Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where The Hershey Co's Cash Ratio falls into.



The Hershey Co Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

The Hershey Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=401.902/3008.352
=0.13

The Hershey Co's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=614.951/4195.014
=0.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Hershey Co  (NYSE:HSY) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


The Hershey Co Cash Ratio Related Terms

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The Hershey Co Business Description

Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading us confectionery manufacturer (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
Executives
Steven E Voskuil officer: SVP, Chief Financial Officer 5405 WINDWARD PARKWAY, ALPHARETTA GA 30004
Jennifer Mccalman officer: Chief Accounting Officer 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Michele Buck officer: SVP, Pres. US Snacks THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Christopher M Scalia officer: SVP, CHRO 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Charles R Raup officer: President, U.S. 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Deepak Bhatia officer: SVP, Chief Technology Officer THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Pamela M Arway director 601 HAWAII ST., EL SEGUNDO CA 90245
Hershey Trust Co Trustee In Trust For Milton Hershey School 10 percent owner 100 MANSION ROAD EAST, P O BOX 445, HERSHEY PA 17033
Jason Reiman officer: SVP Chief Supply Chain Officer THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Maria T Kraus director THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Rohit Grover officer: President, International THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Robert Malcolm director C/O LOGITECH INTERNATIONAL S.A., RUE DU SABLON 2-4, MORGES V8 1110
Anthony J. Palmer director P.O. BOX 619100, DALLAS TX 75261-9100
Hershey Trust Co 10 percent owner 100 MANSION ROAD EAST, HERSHEY PA 17033
Kristen J Riggs officer: SVP, Chief Growth Officer 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033