Hershey annual debt-to-equity ratio
2008
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2024
2025
Hershey Debt-to-Equity Ratio Growth & History (HSY)
Hershey's debt-to-equity ratio was 1.19 for fiscal 2025.
View full Hershey company overviewHershey annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.19 | 0.31 | +35.56% |
| 2024 | 2024-12-31 | 0.88 | −0.20 | −18.29% |
| 2023 | 2023-12-31 | 1.07 | −0.27 | −19.84% |
| 2022 | 2022-12-31 | 1.34 | −0.27 | −16.67% |
| 2021 | 2021-12-31 | 1.61 | −0.52 | −24.26% |
| 2020 | 2020-12-31 | 2.12 | −0.50 | −18.96% |
| 2019 | 2019-12-31 | 2.62 | −0.57 | −17.74% |
| 2018 | 2018-12-31 | 3.19 | −0.00 | −0.12% |
| 2017 | 2017-12-31 | 3.19 | −0.60 | −15.87% |
| 2016 | 2016-12-31 | 3.79 | 1.37 | +56.36% |
| 2015 | 2015-12-31 | 2.43 | 0.93 | +62.05% |
| 2014 | 2014-12-31 | 1.50 | 0.27 | +22.42% |
| 2013 | 2013-12-31 | 1.22 | −0.62 | −33.53% |
| 2012 | 2012-12-31 | 1.84 | −0.42 | −18.64% |
| 2011 | 2011-12-31 | 2.26 | 0.53 | +30.27% |
| 2010 | 2010-12-31 | 1.74 | −0.38 | −18.11% |
| 2009 | 2009-12-31 | 2.12 | −4.13 | −66.10% |
| 2008 | 2008-12-31 | 6.25 | — | — |
Hershey quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 1.31 | −0.03 | −2.24% |
| Q1 2026 | 2026-03-29 | 1.22 | −0.14 | −10.46% |
| Q4 2025 | 2025-12-31 | 1.19 | 0.31 | +35.56% |
| Q3 2025 | 2025-09-28 | 1.27 | −0.09 | −6.38% |
| Q2 2025 | 2025-06-29 | 1.34 | −0.11 | −7.61% |
| Q1 2025 | 2025-03-30 | 1.36 | −0.05 | −3.35% |
| Q4 2024 | 2024-12-31 | 0.88 | −0.20 | −18.29% |
| Q3 2024 | 2024-09-29 | 1.36 | 0.02 | +1.70% |
| Q2 2024 | 2024-06-30 | 1.46 | 0.01 | +0.50% |
| Q1 2024 | 2024-03-31 | 1.41 | −0.07 | −4.69% |
| Q4 2023 | 2023-12-31 | 1.07 | −0.27 | −19.84% |
| Q3 2023 | 2023-10-01 | 1.34 | −0.38 | −21.98% |
| Q2 2023 | 2023-07-02 | 1.45 | −0.42 | −22.63% |
| Q1 2023 | 2023-04-02 | 1.47 | −0.37 | −20.13% |
| Q4 2022 | 2022-12-31 | 1.34 | −0.27 | −16.67% |
| Q3 2022 | 2022-10-02 | 1.71 | −0.18 | −9.33% |
| Q2 2022 | 2022-07-03 | 1.87 | −0.15 | −7.54% |
| Q1 2022 | 2022-04-03 | 1.85 | −0.28 | −13.37% |
| Q4 2021 | 2021-12-31 | 1.61 | −0.52 | −24.26% |
| Q3 2021 | 2021-10-03 | 1.89 | −0.64 | −25.34% |
| Q2 2021 | 2021-07-04 | 2.03 | −1.04 | −33.92% |
| Q1 2021 | 2021-04-04 | 2.13 | −1.08 | −33.71% |
| Q4 2020 | 2020-12-31 | 2.12 | −0.50 | −18.96% |
| Q3 2020 | 2020-09-27 | 2.53 | 0.03 | +1.20% |
| Q2 2020 | 2020-06-28 | 3.06 | 0.42 | +15.87% |
| Q1 2020 | 2020-03-29 | 3.21 | −0.11 | −3.17% |
| Q4 2019 | 2019-12-31 | 2.62 | −0.57 | −17.74% |
| Q3 2019 | 2019-09-29 | 2.50 | −1.31 | −34.36% |
| Q2 2019 | 2019-06-30 | 2.64 | −1.74 | −39.64% |
| Q1 2019 | 2019-03-31 | 3.32 | −1.42 | −29.99% |
| Q4 2018 | 2018-12-31 | 3.19 | −0.00 | −0.12% |
| Q3 2018 | 2018-09-30 | 3.81 | −0.04 | −1.02% |
| Q2 2018 | 2018-07-01 | 4.38 | 0.91 | +26.12% |
| Q1 2018 | 2018-04-01 | 4.74 | 1.32 | +38.66% |
| Q4 2017 | 2017-12-31 | 3.19 | −0.60 | −15.87% |
| Q3 2017 | 2017-10-01 | 3.85 | 0.25 | +6.91% |
| Q2 2017 | 2017-07-02 | 3.47 | −0.74 | −17.57% |
| Q1 2017 | 2017-04-02 | 3.42 | 0.30 | +9.69% |
| Q4 2016 | 2016-12-31 | 3.79 | 1.37 | +56.36% |
| Q3 2016 | 2016-10-02 | 3.60 | 0.77 | +27.09% |
| Q2 2016 | 2016-07-03 | 4.22 | 2.33 | +124.14% |
| Q1 2016 | 2016-04-03 | 3.12 | 1.37 | +78.64% |
| Q4 2015 | 2015-12-31 | 2.43 | 0.93 | +62.05% |
| Q3 2015 | 2015-10-04 | 2.83 | 1.40 | +98.07% |
| Q2 2015 | 2015-07-05 | 1.88 | 0.59 | +45.89% |
| Q1 2015 | 2015-04-05 | 1.75 | 0.51 | +41.82% |
| Q4 2014 | 2014-12-31 | 1.50 | 0.27 | +22.42% |
| Q3 2014 | 2014-09-28 | 1.43 | 0.01 | +0.65% |
| Q2 2014 | 2014-06-29 | 1.29 | −0.41 | −24.32% |
| Q1 2014 | 2014-03-30 | 1.23 | −0.26 | −17.45% |
| Q4 2013 | 2013-12-31 | 1.22 | −0.62 | −33.53% |
| Q3 2013 | 2013-09-29 | 1.42 | −0.34 | −19.10% |
| Q2 2013 | 2013-06-30 | 1.70 | 0.16 | +10.66% |
| Q1 2013 | 2013-03-31 | 1.49 | −0.71 | −32.34% |
| Q4 2012 | 2012-12-31 | 1.84 | −0.42 | −18.64% |
| Q3 2012 | 2012-09-30 | 1.76 | 0.10 | +5.93% |
| Q2 2012 | 2012-07-01 | 1.54 | −0.02 | −1.14% |
| Q1 2012 | 2012-04-01 | 2.20 | 0.41 | +23.20% |
| Q4 2011 | 2011-12-31 | 2.26 | 0.53 | +30.27% |
| Q3 2011 | 2011-10-02 | 1.66 | 0.13 | +8.36% |
| Q2 2011 | 2011-07-03 | 1.56 | −0.64 | −29.06% |
| Q1 2011 | 2011-04-03 | 1.79 | −0.26 | −12.90% |
| Q4 2010 | 2010-12-31 | 1.74 | −0.38 | −18.11% |
| Q3 2010 | 2010-10-03 | 1.53 | −1.37 | −47.20% |
| Q2 2010 | 2010-07-04 | 2.19 | −1.99 | −47.61% |
| Q1 2010 | 2010-04-04 | 2.05 | — | — |
| Q4 2009 | 2009-12-31 | 2.12 | −4.13 | −66.10% |
| Q3 2009 | 2009-10-04 | 2.90 | — | — |
| Q2 2009 | 2009-07-05 | 4.19 | — | — |
| Q4 2008 | 2008-12-31 | 6.25 | — | — |
Hershey debt-to-equity ratio trends
Over the last five fiscal years, Hershey's debt-to-equity ratio decreased from 2.12 to 1.19, a change of −0.93. The latest reported quarter, Q2 2026, shows 1.31.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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