The Hershey Co (BSP:HSHY34) Debt-to-Equity

: 1.25 (As of Dec. 2023)

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The Hershey Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$5,191 Mil. The Hershey Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$19,924 Mil. The Hershey Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$20,085 Mil. The Hershey Co's debt to equity for the quarter that ended in Dec. 2023 was 1.25.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The Hershey Co's Debt-to-Equity or its related term are showing as below:

BSP:HSHY34' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.25 Med: 2.29 Max: 3.79
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of The Hershey Co was 3.79. The lowest was 1.25. And the median was 2.29.

BSP:HSHY34's Debt-to-Equity is ranked worse than
83.56% of 1642 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BSP:HSHY34: 1.25

The Hershey Co Debt-to-Equity Historical Data

The historical data trend for The Hershey Co's Debt-to-Equity 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.58

2.16

1.95

1.55

1.25

The Hershey Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.55	1.45	1.43	1.32	1.25

Competitive Comparison

For the Confectioners subindustry, The Hershey Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Hershey Co's Debt-to-Equity falls into.

The Hershey Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Hershey Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5190.804	+	19923.67)	/	20084.702
	=	1.25

The Hershey Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5190.804	+	19923.67)	/	20084.702
	=	1.25

The Hershey Co (BSP:HSHY34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The Hershey Co Debt-to-Equity Related Terms

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The Hershey Co (BSP:HSHY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Hershey Co (BSP:HSHY34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HSY:USA HSY:Mexico HSY:Germany HSY:Austria

Address

19 East Chocolate Avenue, Hershey, PA, USA, 17033

Website

https://www.thehersheycompany.com

Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). 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 U.S., 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.

The Hershey Co (BSP:HSHY34) Headlines

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