Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. The Hershey Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, The Hershey Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for The Hershey Co's Cash-to-Debt or its related term are showing as below:
HSY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.24
Current: 0.08
During the past 13 years, The Hershey Co's highest Cash to Debt Ratio was 0.24. The lowest was 0.06. And the median was 0.12.
The Hershey Co Cash-to-Debt Historical Data
The historical data trend for The Hershey Co's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
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The Hershey Co Annual Data
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|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.11 |
0.24 |
0.06 |
0.09 |
0.08 |
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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 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.09 |
0.09 |
0.09 |
0.09 |
0.08 |
Competitive Comparison
For the Confectioners subindustry, The Hershey Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where The Hershey Co's Cash-to-Debt falls into.
The Hershey Co Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
The Hershey Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
The Hershey Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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 (The Hershey Co) Business Description
Traded in Other Exchanges
Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
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.
Executives
| Charles R Raup |
officer: President, U.S. |
19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033 |
| Steven E Voskuil |
officer: SVP, Chief Financial Officer |
5405 WINDWARD PARKWAY, ALPHARETTA GA 30004 |
| 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 |
| Michele Buck |
officer: SVP, Pres. US Snacks |
THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033 |
| 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 |
| Jennifer Mccalman |
officer: Chief Accounting Officer |
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 |
| Christopher M Scalia |
officer: SVP, CHRO |
19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033 |
| Kristen J Riggs |
officer: SVP, Chief Growth Officer |
19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033 |
The Hershey Co (The Hershey Co) Headlines
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