Hershey Co (HSY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 12,946,900 | 11,902,900 | 10,948,800 | 10,412,200 | 9,131,840 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,946,900K
= 0.00
Based on the data provided, Hershey Co has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is not reliant on borrowing to fund its operations or expansion, which can be seen as a positive indicator of financial stability and strength. It also implies that the company's assets are primarily funded by equity, which could be favorable in terms of financial risk and resilience to economic downturns.
Peer comparison
Dec 31, 2024