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.

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Hershey Co., liquidity ratios (quarterly data)

Microsoft Excel
Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018
Current ratio 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 1.05 0.80 0.88 0.92 0.93 1.01 0.94 0.61
Quick ratio 0.44 0.40 0.36 0.37 0.30 0.47 0.40 0.80 0.60 1.00 0.93 0.91 0.77 0.62 0.53 0.39 0.38 0.48 0.49 0.59 0.39 0.29
Cash ratio 0.16 0.14 0.14 0.10 0.10 0.13 0.13 0.35 0.27 0.64 0.60 0.54 0.53 0.38 0.25 0.10 0.15 0.19 0.24 0.30 0.19 0.13

Based on: 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Hershey Co. current ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Hershey Co. quick ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Hershey Co. cash ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Current Ratio

Hershey Co., current ratio calculation (quarterly data)

Microsoft Excel
Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018
Selected Financial Data (US$ in thousands)
Current assets 2,880,905 2,726,100 2,620,406 2,692,734 2,428,465 2,457,438 2,246,206 2,741,944 2,219,181 2,860,024 2,977,905 3,207,096 2,902,944 2,854,753 2,117,102 2,375,055 2,093,558 2,216,929 2,239,181 2,794,046 2,365,105 2,270,496
Current liabilities 2,726,057 3,281,348 3,257,154 3,388,614 3,300,910 2,565,637 2,493,313 1,906,495 1,587,002 1,774,632 1,891,745 2,228,193 2,214,818 2,892,799 2,008,793 2,982,374 2,387,427 2,398,185 2,418,566 2,758,826 2,514,257 3,705,507
Liquidity Ratio
Current ratio1 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 1.05 0.80 0.88 0.92 0.93 1.01 0.94 0.61
Benchmarks
Current Ratio, Competitors2
Altria Group Inc. 0.37 0.78 0.84 0.50 0.49 0.62 0.71 0.74 0.72 0.80 0.79 0.77 0.75 0.71 0.59 0.56 0.56 0.62
Coca-Cola Co. 1.14 1.15 1.15 1.13 1.13 1.18 1.13 1.52 1.47 1.33 1.32 1.13 1.09 0.87 0.76 0.92 0.83 1.02
PepsiCo Inc. 0.84 0.87 0.80 0.92 0.83 0.87 0.83 0.95 0.91 0.93 0.98 0.93 0.97 1.10 0.86 0.95 0.86 0.94
Philip Morris International Inc. 0.85 0.85 0.72 0.92 0.89 0.92 0.92 1.00 1.18 1.18 1.10 1.12 1.13 1.02 1.09 1.08 0.95 0.85

Based on: 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01).

1 Q2 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,880,905 ÷ 2,726,057 = 1.06

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Hershey Co. current ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Quick Ratio

Hershey Co., quick ratio calculation (quarterly data)

Microsoft Excel
Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 446,161 460,346 463,889 327,741 339,722 338,055 329,266 675,516 426,201 1,132,242 1,143,987 1,205,889 1,165,331 1,094,796 493,262 302,636 365,963 465,965 587,998 823,787 467,352 476,434
Accounts receivable, trade, net 764,269 856,841 711,203 929,482 654,399 868,426 671,464 841,227 532,401 634,830 615,233 829,513 540,398 705,639 568,509 849,218 538,746 694,136 594,145 814,923 501,863 614,295
Total quick assets 1,210,430 1,317,187 1,175,092 1,257,223 994,121 1,206,481 1,000,730 1,516,743 958,602 1,767,072 1,759,220 2,035,402 1,705,729 1,800,435 1,061,771 1,151,854 904,709 1,160,101 1,182,143 1,638,710 969,215 1,090,729
 
Current liabilities 2,726,057 3,281,348 3,257,154 3,388,614 3,300,910 2,565,637 2,493,313 1,906,495 1,587,002 1,774,632 1,891,745 2,228,193 2,214,818 2,892,799 2,008,793 2,982,374 2,387,427 2,398,185 2,418,566 2,758,826 2,514,257 3,705,507
Liquidity Ratio
Quick ratio1 0.44 0.40 0.36 0.37 0.30 0.47 0.40 0.80 0.60 1.00 0.93 0.91 0.77 0.62 0.53 0.39 0.38 0.48 0.49 0.59 0.39 0.29
Benchmarks
Quick Ratio, Competitors2
Altria Group Inc. 0.23 0.63 0.67 0.31 0.31 0.49 0.54 0.37 0.35 0.59 0.56 0.52 0.53 0.52 0.28 0.23 0.25 0.35
Coca-Cola Co. 0.82 0.81 0.77 0.80 0.78 0.80 0.81 1.17 1.12 0.99 0.96 0.93 0.88 0.68 0.56 0.69 0.62 0.57
PepsiCo Inc. 0.60 0.61 0.58 0.68 0.59 0.63 0.56 0.65 0.66 0.68 0.77 0.73 0.75 0.89 0.66 0.73 0.61 0.69
Philip Morris International Inc. 0.37 0.31 0.29 0.48 0.47 0.44 0.44 0.49 0.59 0.53 0.56 0.55 0.52 0.43 0.56 0.57 0.45 0.36

Based on: 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01).

1 Q2 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,210,430 ÷ 2,726,057 = 0.44

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Hershey Co. quick ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Cash Ratio

Hershey Co., cash ratio calculation (quarterly data)

Microsoft Excel
Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 446,161 460,346 463,889 327,741 339,722 338,055 329,266 675,516 426,201 1,132,242 1,143,987 1,205,889 1,165,331 1,094,796 493,262 302,636 365,963 465,965 587,998 823,787 467,352 476,434
Total cash assets 446,161 460,346 463,889 327,741 339,722 338,055 329,266 675,516 426,201 1,132,242 1,143,987 1,205,889 1,165,331 1,094,796 493,262 302,636 365,963 465,965 587,998 823,787 467,352 476,434
 
Current liabilities 2,726,057 3,281,348 3,257,154 3,388,614 3,300,910 2,565,637 2,493,313 1,906,495 1,587,002 1,774,632 1,891,745 2,228,193 2,214,818 2,892,799 2,008,793 2,982,374 2,387,427 2,398,185 2,418,566 2,758,826 2,514,257 3,705,507
Liquidity Ratio
Cash ratio1 0.16 0.14 0.14 0.10 0.10 0.13 0.13 0.35 0.27 0.64 0.60 0.54 0.53 0.38 0.25 0.10 0.15 0.19 0.24 0.30 0.19 0.13
Benchmarks
Cash Ratio, Competitors2
Altria Group Inc. 0.07 0.43 0.47 0.31 0.31 0.49 0.53 0.36 0.32 0.58 0.55 0.50 0.51 0.50 0.26 0.21 0.23 0.33
Coca-Cola Co. 0.65 0.61 0.59 0.62 0.57 0.55 0.63 0.93 0.85 0.76 0.75 0.79 0.74 0.55 0.41 0.52 0.45 0.43
PepsiCo Inc. 0.22 0.20 0.20 0.26 0.21 0.27 0.23 0.27 0.24 0.29 0.41 0.37 0.38 0.51 0.28 0.29 0.19 0.29
Philip Morris International Inc. 0.15 0.11 0.12 0.26 0.25 0.23 0.23 0.25 0.31 0.26 0.37 0.31 0.27 0.23 0.36 0.36 0.22 0.17

Based on: 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01).

1 Q2 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 446,161 ÷ 2,726,057 = 0.16

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Hershey Co. cash ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.