Hershey Co (HSY)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 730,746 | 614,951 | 467,058 | 520,404 | 401,902 | 471,252 | 446,161 | 460,346 | 463,889 | 327,741 | 339,722 | 338,055 | 329,266 | 675,516 | 426,201 | 1,132,240 | 1,143,990 | 1,205,890 | 1,165,330 | 1,094,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,929,500 | 4,195,010 | 3,885,630 | 3,489,030 | 3,008,350 | 2,936,480 | 2,726,060 | 3,281,350 | 3,257,150 | 3,388,610 | 3,300,910 | 2,565,640 | 2,493,310 | 1,906,500 | 1,587,000 | 1,774,630 | 1,891,740 | 2,228,190 | 2,214,820 | 2,892,800 |
| Cash ratio | 0.19 | 0.15 | 0.12 | 0.15 | 0.13 | 0.16 | 0.16 | 0.14 | 0.14 | 0.10 | 0.10 | 0.13 | 0.13 | 0.35 | 0.27 | 0.64 | 0.60 | 0.54 | 0.53 | 0.38 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($730,746K
+ $—K)
÷ $3,929,500K
= 0.19
The cash ratio of Hershey Co has fluctuated over the past few years, as indicated by the data provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio of Hershey Co ranged from a low of 0.10 to a high of 0.64. The ratio generally increased from 2020 to 2021, reaching its peak at 0.64 in March 31, 2021. However, there was a significant decline in the ratio in the following quarter, dropping to 0.27 in June 30, 2021.
Subsequently, the cash ratio fluctuated between 0.10 and 0.19 from 2022 to 2024, showing some volatility in the company's ability to cover its short-term liabilities with available cash. A lower cash ratio indicates that the company may have difficulty meeting its short-term obligations with its current cash reserves.
Overall, Hershey Co's cash ratio demonstrates variability over the period analyzed, reflecting fluctuations in the company's cash position relative to its short-term liabilities. Monitoring changes in the cash ratio is essential to assess the company's liquidity and ability to meet its financial obligations.
Peer comparison
Dec 31, 2024