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Hershey HSY Debt-to-assets

Debt-to-assets at other companies

PepsiCo logo
PepsiCoPEP
0.5×0.0×
Mondelez International logo
Mondelez InternationalMDLZ
0.0×
General Mills logo
General MillsGIS
0.4×0.0×
Church & Dwight logo
Church & DwightCHD
0.3×0.0×
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
0.3×0.0×
PFG
Performance Food GroupPFGC
0.4×0.0×

Other financials

Income statement

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Revenue$3.1B+10.7%
Gross profit$1.2B+29.5%
Operating income$640.7M+73.5%
Net income$435.1M+94.1%

Balance sheet

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Cash & equivalents$877.0M-42.1%
Total debt$5.3B-8.8%
Total assets$13.8B-0.9%

Cash flow

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Operating cash flow$468.8M+18.2%
CapEx$114.6M-21.3%
Free cash flow$354.2M+41.0%

Valuation

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Market cap$35.02B+21.6%
Enterprise value$39.39B+19.6%
P/E32×+14.5×
P/S2.9×+0.2×

Profitability

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Gross margin35%-7.4pp
Operating margin14.3%-6.3pp
Net margin9.1%-6.2pp

Returns & leverage

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Return on equity18.9%-31.5pp
Debt / equity1.1×+0.1×
Current ratio1.2×-0.4×

Where this comes from

Calculated from Hershey’s reported figures.

Based on the most recent quarter.

The official record: Hershey’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hershey's debt-to-assets?
Hershey (HSY) reported debt-to-assets of 0.4× in Q1 2026.
How has Hershey's debt-to-assets changed year-over-year?
Hershey's debt-to-assets decreased by 8.0% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for Hershey's debt-to-assets?
Over 4 years (2021 to 2025), Hershey's debt-to-assets has grown at a -5.7% compound annual growth rate (CAGR), from 2× to 1.6×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.