The Hershey Co (BSP:HSHY34) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is The Hershey Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. The Hershey Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

The Hershey Co's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.34). It may suggest that The Hershey Co is progressively becoming more dependent on debt to grow their business.

The Hershey Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Hershey Co's LT-Debt-to-Total-Asset 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.

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The Hershey Co LT-Debt-to-Total-Asset Chart

The Hershey Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.47

0.42

0.33

0.34

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.33	0.38	0.37	0.34

The Hershey Co LT-Debt-to-Total-Asset Calculation

The Hershey Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	19923.67	/	58322.03
	=	0.34

The Hershey Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	19923.67	/	58322.03
	=	0.34

The Hershey Co (BSP:HSHY34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

The Hershey Co LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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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