Stock Analysis on Net
Stock Analysis on Net

Hershey Co. (NYSE:HSY)

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Debt to Equity
since 2005

Microsoft Excel

Calculation

Hershey Co., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ The Hershey Company stockholders’ equity1
Dec 31, 2022 1.45 = 4,791,345 ÷ 3,299,544
Dec 31, 2021 1.82 = 5,028,894 ÷ 2,757,229
Dec 31, 2020 2.06 = 4,602,625 ÷ 2,234,352
Dec 31, 2019 2.45 = 4,266,485 ÷ 1,739,222
Dec 31, 2018 3.19 = 4,457,596 ÷ 1,398,721
Dec 31, 2017 3.19 = 2,920,480 ÷ 915,338
Dec 31, 2016 3.79 = 2,980,169 ÷ 785,856
Dec 31, 2015 2.43 = 2,420,527 ÷ 997,997
Dec 31, 2014 1.50 = 2,184,464 ÷ 1,455,062
Dec 31, 2013 1.22 = 1,962,017 ÷ 1,604,834
Dec 31, 2012 1.84 = 1,906,865 ÷ 1,036,749
Dec 31, 2011 2.22 = 1,888,173 ÷ 849,022
Dec 31, 2010 2.03 = 1,827,305 ÷ 902,316
Dec 31, 2009 2.14 = 1,542,043 ÷ 720,459
Dec 31, 2008 6.31 = 2,007,458 ÷ 318,199
Dec 31, 2007 3.60 = 2,136,357 ÷ 592,922
Dec 31, 2006 3.06 = 2,092,126 ÷ 683,423
Dec 31, 2005 1.73 = 1,761,870 ÷ 1,021,076

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Comparison to Competitors

Hershey Co., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Hershey Co. Coca-Cola Co. Mondelēz International Inc. PepsiCo Inc. Philip Morris International Inc.
Dec 31, 2022 1.45 1.62 0.85 2.28 —
Dec 31, 2021 1.82 1.86 0.69 2.51 —
Dec 31, 2020 2.06 2.22 0.73 3.28 —
Dec 31, 2019 2.45 2.25 0.68 2.17 —
Dec 31, 2018 3.19 2.56 0.72 2.23 —
Dec 31, 2017 3.19 2.79 0.68 3.61 —
Dec 31, 2016 3.79 1.98 0.68 3.33 —
Dec 31, 2015 2.43 1.73 0.55 2.79 —
Dec 31, 2014 1.50 1.38 0.60 1.66 —
Dec 31, 2013 1.22 1.12 0.53 1.22 —
Dec 31, 2012 1.84 0.99 0.60 1.27 —
Dec 31, 2011 2.22 0.90 0.76 1.30 80.98
Dec 31, 2010 2.03 0.76 0.80 1.18 4.71
Dec 31, 2009 2.14 0.48 0.73 0.47 2.70
Dec 31, 2008 6.31 0.45 0.91 0.68 1.59
Dec 31, 2007 3.60 0.43 0.77 0.24 —
Dec 31, 2006 3.06 0.27 0.36 0.18 —
Dec 31, 2005 1.73 0.35 0.36 0.37 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Food, Beverage & Tobacco)

Hershey Co., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel
Hershey Co. Food, Beverage & Tobacco
Dec 31, 2022 1.45 2.44
Dec 31, 2021 1.82 2.28
Dec 31, 2020 2.06 2.90
Dec 31, 2019 2.45 2.51
Dec 31, 2018 3.19 2.82
Dec 31, 2017 3.19 3.31
Dec 31, 2016 3.79 2.76
Dec 31, 2015 2.43 2.32
Dec 31, 2014 1.50 1.86
Dec 31, 2013 1.22 1.36
Dec 31, 2012 1.84 1.23
Dec 31, 2011 2.22 1.15
Dec 31, 2010 2.03 1.02
Dec 31, 2009 2.14 0.74
Dec 31, 2008 6.31 0.80
Dec 31, 2007 3.60 0.52
Dec 31, 2006 3.06 0.29
Dec 31, 2005 1.73 0.36

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Staples)

Hershey Co., debt to equity, long-term trends, comparison to industry (consumer staples)

Microsoft Excel
Hershey Co. Consumer Staples
Dec 31, 2022 1.45 1.07
Dec 31, 2021 1.82 1.07
Dec 31, 2020 2.06 1.24
Dec 31, 2019 2.45 1.18
Dec 31, 2018 3.19 1.11
Dec 31, 2017 3.19 1.20
Dec 31, 2016 3.79 1.09
Dec 31, 2015 2.43 1.00
Dec 31, 2014 1.50 0.96
Dec 31, 2013 1.22 0.87
Dec 31, 2012 1.84 0.83
Dec 31, 2011 2.22 0.80
Dec 31, 2010 2.03 0.74
Dec 31, 2009 2.14 0.69
Dec 31, 2008 6.31 0.68
Dec 31, 2007 3.60 0.55
Dec 31, 2006 3.06 0.52
Dec 31, 2005 1.73 0.59

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).