Hershey Co (HSY)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,714,650 | 4,099,090 | 3,299,540 | 2,757,230 | 2,237,880 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,714,650K)
= 0.00
The debt-to-capital ratio for Hershey Co remained consistently at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing significantly in relation to its overall capital structure during this period. A debt-to-capital ratio of 0.00% suggests that Hershey Co relies more on equity financing rather than debt to support its operations and growth, which may imply lower financial risk and interest expenses. However, it's important to note that a very low or zero debt-to-capital ratio may also indicate missed opportunities for leveraging financial leverage for potential growth and expansion. Further analysis of Hershey Co's financial strategy and capital allocation decisions would provide a comprehensive understanding of its financial health and performance.
Peer comparison
Dec 31, 2024