Hershey Co (HSY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,759,460 | 3,551,800 | 3,335,630 | 3,387,380 | 2,912,100 | 3,190,420 | 2,880,900 | 2,726,100 | 2,620,410 | 2,692,730 | 2,428,460 | 2,457,440 | 2,246,210 | 2,741,940 | 2,219,180 | 2,860,020 | 2,977,900 | 3,207,100 | 2,902,940 | 2,854,750 |
| 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 |
| Current ratio | 0.96 | 0.85 | 0.86 | 0.97 | 0.97 | 1.09 | 1.06 | 0.83 | 0.80 | 0.79 | 0.74 | 0.96 | 0.90 | 1.44 | 1.40 | 1.61 | 1.57 | 1.44 | 1.31 | 0.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,759,460K ÷ $3,929,500K
= 0.96
The current ratio of Hershey Co has fluctuated over the past few years, indicating the company's ability to meet its short-term financial obligations with its current assets.
The current ratio stood at 0.99 as of March 31, 2020, which implies the company may have had difficulties covering its current liabilities with its current assets at that time. However, this ratio improved consistently over the next few quarters, reaching a peak of 1.61 as of March 31, 2021, indicating a healthier financial position.
Subsequently, there was some fluctuation in the current ratio, with values above 1 suggesting the company had sufficient current assets to cover its current liabilities. However, the ratio declined to 0.74 as of June 30, 2022, indicating a potential strain on the company's liquidity position.
Overall, the company experienced fluctuations in its current ratio over the period analyzed, with some quarters showing stronger liquidity positions than others. It is important to monitor this ratio regularly to assess Hershey Co's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2024