Hershey Co (HSY)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,789,130 | 4,086,090 | 4,086,200 | 3,341,380 | 3,343,980 | 3,340,670 | 3,340,470 | 4,088,440 | 4,086,630 | 4,095,160 | 4,095,200 | 4,094,160 | 4,089,760 | 4,093,170 | 4,091,210 | 3,453,520 | 3,530,810 | 3,396,300 | 2,888,040 | 3,236,320 |
| Total stockholders’ equity | US$ in thousands | 4,099,090 | 3,967,640 | 3,694,780 | 3,458,360 | 3,299,540 | 3,083,080 | 2,891,740 | 2,915,550 | 2,757,230 | 2,528,290 | 2,265,050 | 2,255,990 | 2,234,350 | 2,065,850 | 1,753,600 | 1,671,230 | 1,739,220 | 1,753,160 | 1,675,120 | 1,414,740 |
| Debt-to-capital ratio | 0.48 | 0.51 | 0.53 | 0.49 | 0.50 | 0.52 | 0.54 | 0.58 | 0.60 | 0.62 | 0.64 | 0.64 | 0.65 | 0.66 | 0.70 | 0.67 | 0.67 | 0.66 | 0.63 | 0.70 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,789,130K ÷ ($3,789,130K + $4,099,090K)
= 0.48
The debt-to-capital ratio for Hershey Company has shown a slightly declining trend over the past eight quarters. It decreased from 0.59 in Q4 2022 to 0.54 in Q4 2023. This indicates that Hershey Company has been relying less on debt financing relative to its total capital structure. However, the ratio has remained relatively stable around the range of 0.54 to 0.63 over these quarters, suggesting that Hershey Company maintains a moderate level of debt in its capital structure. It is important to continue monitoring this ratio to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2023