Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Hershey Co., solvency ratios (quarterly data)
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Hershey Co. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Hershey Co. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Hershey Co. debt to assets ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Hershey Co. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Equity
Hershey Co., debt to equity calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Short-term debt | 859,773) | 603,089) | 693,790) | 793,871) | 914,916) | 873,783) | 939,423) | 410,374) | 207,564) | 64,458) | 74,041) | 45,680) | 198,299) | 837,621) | 32,282) | 1,275,430) | 886,779) | 1,168,780) | 1,197,929) | 1,449,226) | 1,046,927) | 2,246,485) | |||||||
| Current portion of long-term debt | 8,010) | 758,086) | 753,578) | 752,201) | 752,573) | 2,328) | 2,844) | 2,812) | 3,470) | 353,976) | 438,829) | 788,328) | 788,448) | 788,692) | 703,390) | 352,954) | 353,186) | 3,553) | 5,387) | 3,115) | 304,401) | 303,062) | |||||||
| Long-term portion of long-term debt | 4,086,195) | 3,341,375) | 3,343,977) | 3,340,671) | 3,340,472) | 4,088,437) | 4,086,627) | 4,095,159) | 4,095,200) | 4,094,158) | 4,089,755) | 4,093,172) | 4,091,211) | 3,453,525) | 3,530,813) | 2,892,296) | 2,888,043) | 3,236,317) | 3,254,280) | 3,253,879) | 3,249,689) | 2,059,934) | |||||||
| Total debt | 4,953,978) | 4,702,550) | 4,791,345) | 4,886,743) | 5,007,961) | 4,964,548) | 5,028,894) | 4,508,345) | 4,306,234) | 4,512,592) | 4,602,625) | 4,927,180) | 5,077,958) | 5,079,838) | 4,266,485) | 4,520,680) | 4,128,008) | 4,408,650) | 4,457,596) | 4,706,220) | 4,601,017) | 4,609,481) | |||||||
| Total The Hershey Company stockholders’ equity | 3,694,785) | 3,458,365) | 3,299,544) | 3,083,080) | 2,891,740) | 2,915,549) | 2,757,229) | 2,528,294) | 2,265,049) | 2,255,994) | 2,234,352) | 2,065,854) | 1,753,605) | 1,671,231) | 1,739,222) | 1,753,162) | 1,675,120) | 1,414,737) | 1,398,721) | 1,234,902) | 1,049,944) | 972,128) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 1.34 | 1.36 | 1.45 | 1.59 | 1.73 | 1.70 | 1.82 | 1.78 | 1.90 | 2.00 | 2.06 | 2.39 | 2.90 | 3.04 | 2.45 | 2.58 | 2.46 | 3.12 | 3.19 | 3.81 | 4.38 | 4.74 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Coca-Cola Co. | 1.60 | 1.68 | 1.62 | 1.74 | 1.82 | 1.68 | 1.86 | 1.88 | 1.89 | 2.21 | 2.22 | 2.84 | 2.99 | 2.78 | 2.25 | 2.27 | 2.48 | 2.50 | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.74 | 0.79 | 0.85 | 0.81 | 0.70 | 0.70 | 0.69 | 0.72 | 0.69 | 0.72 | 0.73 | 0.75 | 0.76 | 0.77 | 0.68 | 0.73 | 0.74 | 0.75 | — | — | — | — | |||||||
| PepsiCo Inc. | 2.47 | 2.45 | 2.28 | 2.07 | 2.12 | 2.20 | 2.51 | 2.60 | 2.76 | 3.13 | 3.28 | 3.31 | 3.60 | 3.06 | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
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
Debt to equity = Total debt ÷ Total The Hershey Company stockholders’ equity
= 4,953,978 ÷ 3,694,785 = 1.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Hershey Co. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Capital
Hershey Co., debt to capital calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Short-term debt | 859,773) | 603,089) | 693,790) | 793,871) | 914,916) | 873,783) | 939,423) | 410,374) | 207,564) | 64,458) | 74,041) | 45,680) | 198,299) | 837,621) | 32,282) | 1,275,430) | 886,779) | 1,168,780) | 1,197,929) | 1,449,226) | 1,046,927) | 2,246,485) | |||||||
| Current portion of long-term debt | 8,010) | 758,086) | 753,578) | 752,201) | 752,573) | 2,328) | 2,844) | 2,812) | 3,470) | 353,976) | 438,829) | 788,328) | 788,448) | 788,692) | 703,390) | 352,954) | 353,186) | 3,553) | 5,387) | 3,115) | 304,401) | 303,062) | |||||||
| Long-term portion of long-term debt | 4,086,195) | 3,341,375) | 3,343,977) | 3,340,671) | 3,340,472) | 4,088,437) | 4,086,627) | 4,095,159) | 4,095,200) | 4,094,158) | 4,089,755) | 4,093,172) | 4,091,211) | 3,453,525) | 3,530,813) | 2,892,296) | 2,888,043) | 3,236,317) | 3,254,280) | 3,253,879) | 3,249,689) | 2,059,934) | |||||||
| Total debt | 4,953,978) | 4,702,550) | 4,791,345) | 4,886,743) | 5,007,961) | 4,964,548) | 5,028,894) | 4,508,345) | 4,306,234) | 4,512,592) | 4,602,625) | 4,927,180) | 5,077,958) | 5,079,838) | 4,266,485) | 4,520,680) | 4,128,008) | 4,408,650) | 4,457,596) | 4,706,220) | 4,601,017) | 4,609,481) | |||||||
| Total The Hershey Company stockholders’ equity | 3,694,785) | 3,458,365) | 3,299,544) | 3,083,080) | 2,891,740) | 2,915,549) | 2,757,229) | 2,528,294) | 2,265,049) | 2,255,994) | 2,234,352) | 2,065,854) | 1,753,605) | 1,671,231) | 1,739,222) | 1,753,162) | 1,675,120) | 1,414,737) | 1,398,721) | 1,234,902) | 1,049,944) | 972,128) | |||||||
| Total capital | 8,648,763) | 8,160,915) | 8,090,889) | 7,969,823) | 7,899,701) | 7,880,097) | 7,786,123) | 7,036,639) | 6,571,283) | 6,768,586) | 6,836,977) | 6,993,034) | 6,831,563) | 6,751,069) | 6,005,707) | 6,273,842) | 5,803,128) | 5,823,387) | 5,856,317) | 5,941,122) | 5,650,961) | 5,581,609) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.57 | 0.58 | 0.59 | 0.61 | 0.63 | 0.63 | 0.65 | 0.64 | 0.66 | 0.67 | 0.67 | 0.70 | 0.74 | 0.75 | 0.71 | 0.72 | 0.71 | 0.76 | 0.76 | 0.79 | 0.81 | 0.83 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Coca-Cola Co. | 0.62 | 0.63 | 0.62 | 0.63 | 0.65 | 0.63 | 0.65 | 0.65 | 0.65 | 0.69 | 0.69 | 0.74 | 0.75 | 0.74 | 0.69 | 0.69 | 0.71 | 0.71 | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.43 | 0.44 | 0.46 | 0.45 | 0.41 | 0.41 | 0.41 | 0.42 | 0.41 | 0.42 | 0.42 | 0.43 | 0.43 | 0.44 | 0.40 | 0.42 | 0.42 | 0.43 | — | — | — | — | |||||||
| PepsiCo Inc. | 0.71 | 0.71 | 0.69 | 0.67 | 0.68 | 0.69 | 0.72 | 0.72 | 0.73 | 0.76 | 0.77 | 0.77 | 0.78 | 0.75 | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | 1.25 | 1.23 | 1.26 | 1.51 | 1.48 | 1.52 | 1.57 | 1.57 | 1.62 | 1.65 | 1.66 | 1.70 | 1.68 | 1.84 | 1.59 | 1.53 | 1.60 | 1.65 | — | — | — | — | |||||||
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
Debt to capital = Total debt ÷ Total capital
= 4,953,978 ÷ 8,648,763 = 0.57
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Hershey Co. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Assets
Hershey Co., debt to assets calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Short-term debt | 859,773) | 603,089) | 693,790) | 793,871) | 914,916) | 873,783) | 939,423) | 410,374) | 207,564) | 64,458) | 74,041) | 45,680) | 198,299) | 837,621) | 32,282) | 1,275,430) | 886,779) | 1,168,780) | 1,197,929) | 1,449,226) | 1,046,927) | 2,246,485) | |||||||
| Current portion of long-term debt | 8,010) | 758,086) | 753,578) | 752,201) | 752,573) | 2,328) | 2,844) | 2,812) | 3,470) | 353,976) | 438,829) | 788,328) | 788,448) | 788,692) | 703,390) | 352,954) | 353,186) | 3,553) | 5,387) | 3,115) | 304,401) | 303,062) | |||||||
| Long-term portion of long-term debt | 4,086,195) | 3,341,375) | 3,343,977) | 3,340,671) | 3,340,472) | 4,088,437) | 4,086,627) | 4,095,159) | 4,095,200) | 4,094,158) | 4,089,755) | 4,093,172) | 4,091,211) | 3,453,525) | 3,530,813) | 2,892,296) | 2,888,043) | 3,236,317) | 3,254,280) | 3,253,879) | 3,249,689) | 2,059,934) | |||||||
| Total debt | 4,953,978) | 4,702,550) | 4,791,345) | 4,886,743) | 5,007,961) | 4,964,548) | 5,028,894) | 4,508,345) | 4,306,234) | 4,512,592) | 4,602,625) | 4,927,180) | 5,077,958) | 5,079,838) | 4,266,485) | 4,520,680) | 4,128,008) | 4,408,650) | 4,457,596) | 4,706,220) | 4,601,017) | 4,609,481) | |||||||
| Total assets | 11,525,676) | 11,111,518) | 10,948,820) | 10,832,907) | 10,588,874) | 10,645,044) | 10,412,231) | 9,439,183) | 8,883,863) | 9,038,128) | 9,131,845) | 9,255,034) | 8,911,071) | 8,855,443) | 8,140,395) | 8,464,260) | 7,793,560) | 7,857,376) | 7,703,020) | 7,836,189) | 7,405,653) | 7,332,798) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.43 | 0.42 | 0.44 | 0.45 | 0.47 | 0.47 | 0.48 | 0.48 | 0.48 | 0.50 | 0.50 | 0.53 | 0.57 | 0.57 | 0.52 | 0.53 | 0.53 | 0.56 | 0.58 | 0.60 | 0.62 | 0.63 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Coca-Cola Co. | 0.42 | 0.44 | 0.42 | 0.43 | 0.45 | 0.44 | 0.45 | 0.46 | 0.47 | 0.50 | 0.49 | 0.54 | 0.55 | 0.54 | 0.50 | 0.49 | 0.50 | 0.50 | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.29 | 0.31 | 0.32 | 0.32 | 0.29 | 0.29 | 0.29 | 0.30 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.29 | 0.31 | 0.30 | 0.30 | — | — | — | — | |||||||
| PepsiCo Inc. | 0.45 | 0.45 | 0.42 | 0.42 | 0.42 | 0.43 | 0.44 | 0.44 | 0.46 | 0.48 | 0.48 | 0.48 | 0.50 | 0.48 | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | 0.77 | 0.76 | 0.70 | 0.67 | 0.68 | 0.70 | 0.67 | 0.70 | 0.72 | 0.74 | 0.70 | 0.75 | 0.76 | 0.76 | 0.72 | 0.77 | 0.75 | 0.80 | — | — | — | — | |||||||
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
Debt to assets = Total debt ÷ Total assets
= 4,953,978 ÷ 11,525,676 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Hershey Co. debt to assets ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Financial Leverage
Hershey Co., financial leverage calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Total assets | 11,525,676) | 11,111,518) | 10,948,820) | 10,832,907) | 10,588,874) | 10,645,044) | 10,412,231) | 9,439,183) | 8,883,863) | 9,038,128) | 9,131,845) | 9,255,034) | 8,911,071) | 8,855,443) | 8,140,395) | 8,464,260) | 7,793,560) | 7,857,376) | 7,703,020) | 7,836,189) | 7,405,653) | 7,332,798) | |||||||
| Total The Hershey Company stockholders’ equity | 3,694,785) | 3,458,365) | 3,299,544) | 3,083,080) | 2,891,740) | 2,915,549) | 2,757,229) | 2,528,294) | 2,265,049) | 2,255,994) | 2,234,352) | 2,065,854) | 1,753,605) | 1,671,231) | 1,739,222) | 1,753,162) | 1,675,120) | 1,414,737) | 1,398,721) | 1,234,902) | 1,049,944) | 972,128) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 3.12 | 3.21 | 3.32 | 3.51 | 3.66 | 3.65 | 3.78 | 3.73 | 3.92 | 4.01 | 4.09 | 4.48 | 5.08 | 5.30 | 4.68 | 4.83 | 4.65 | 5.55 | 5.51 | 6.35 | 7.05 | 7.54 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Coca-Cola Co. | 3.78 | 3.86 | 3.85 | 4.05 | 4.05 | 3.79 | 4.10 | 4.09 | 4.05 | 4.42 | 4.52 | 5.22 | 5.42 | 5.18 | 4.55 | 4.67 | 4.95 | 4.98 | — | — | — | — | |||||||
| Mondelēz International Inc. | 2.51 | 2.58 | 2.65 | 2.55 | 2.40 | 2.41 | 2.37 | 2.43 | 2.41 | 2.45 | 2.46 | 2.46 | 2.47 | 2.48 | 2.37 | 2.38 | 2.44 | 2.48 | — | — | — | — | |||||||
| PepsiCo Inc. | 5.42 | 5.46 | 5.38 | 4.98 | 5.02 | 5.11 | 5.76 | 5.88 | 6.04 | 6.54 | 6.91 | 6.83 | 7.17 | 6.32 | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
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
Financial leverage = Total assets ÷ Total The Hershey Company stockholders’ equity
= 11,525,676 ÷ 3,694,785 = 3.12
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Hershey Co. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |