HSY (The Hershey Co) Debt-to-EBITDA : (As of Jun. 2026)

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HSY The Hershey Co HSY
74 GF Score
Price $169.79
GF Value $207.30
Valuation Modestly Undervalued
! 6 Warning Signs
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What is The Hershey Co Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

The Hershey Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $977 Mil. The Hershey Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $4,947 Mil. The Hershey Co's annualized EBITDA for the quarter that ended in Jun. 2026 was $3,113 Mil. The Hershey Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.90.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

HSY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.76   Med: 2.25   Max: 2.95
Current: 2.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of The Hershey Co was 2.95. The lowest was 1.76. And the median was 2.25.

HSY's Debt-to-EBITDA is ranked worse than
50.92% of 1571 companies
in the Consumer Packaged Goods industry
Industry Median: 2.11 vs HSY: 2.21

The Hershey Co  (NYSE:HSY) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The Hershey Co Debt-to-EBITDA Related Terms

The Hershey Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for The Hershey Co's Debt-to-EBITDA 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.

The Hershey Co Debt-to-EBITDA Chart

The Hershey Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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The Hershey Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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HSY vs TR, SOWG, RMCF: Debt-to-EBITDA Comparison

For the Confectioners subindustry, The Hershey Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA vs Consumer Packaged Goods Industry

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

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


HSY
74GF Score
The Hershey Co HSY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Hershey Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

The Hershey Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(771.456 + 4967.119) / 1933.939
=2.97

The Hershey Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(976.502 + 4946.81) / 3112.58
=1.90

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is The Hershey Co (HSY) Overvalued in 2026?

Based on GuruFocus' analysis, The Hershey Co stock appears to be undervalued. The current stock price of $169.79 is trading 18.1% below its estimated GF Value™ of $207.30. GuruFocus considers The Hershey Co to be Modestly Undervalued.

Key valuation signals for HSY:

  • Debt-to-EBITDA:
  • GF Value™: $207.30 vs. price of $169.79 (18.1% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the HSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The Hershey Co Business Description

Address 19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading US confectionery manufacturer (around a $55 billion market, according to Euromonitor), controlling 35% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 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 confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands, Dot's Pretzels, and LesserEvil over the past few years.
74GF Score

Get the complete analysis for HSY

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$169.79
Price
$207.30
GF Value