The Hershey (HSY) Debt/Equity Ratio: History & Chart

The Hershey Company (HSY)HSYThe Hershey Company

About The Hershey Company

The Hershey Company, operating with its various subsidiaries, serves as a key manufacturer and distributor of both sweet confections and general household pantry items. Its market reach extends across the United States and globally. The enterprise strategically divides its operations into three main business segments: North America Confectionery, North America Salty Snacks, and an International division. Its extensive product catalog features a wide array of offerings. This includes various chocolate and non-chocolate candies, as well as refreshing chewing gums and mints. Beyond traditional treats, Hershey also supplies pantry essentials such as baking ingredients, dessert toppings, a range of beverages, and sundae syrups. Furthermore, their snack collection encompasses diverse items like spreads, meat snacks, various bars and snack bites, popcorn, and protein bars. The company markets its broad product line under numerous iconic brand names. Its extensive brand portfolio includes household names such as Hershey's, Reese's, Kisses, Jolly Rancher, Kit Kat, Twizzlers, York, and Ice Breakers, alongside other popular confectionery brands like Almond Joy, Cadbury, Heath, Payday, Rolo, and Whoppers. The snack segment features well-known names like SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar, complemented by international offerings such as Pelon Pelo Rico, IO-IO, and Sofit. Hershey distributes its merchandise through a comprehensive network of channels. These include wholesale distributors, major grocery store chains, large-scale retailers, pharmacies, vending machine operators, warehouse clubs, convenience stores, discount stores, concession stands, and department stores. Established in 1894, The Hershey Company maintains its corporate headquarters in Hershey, Pennsylvania.

Hershey, PA

19,595 employees

www.thehersheycompany.com

Consumer Defensive / Food Confectioners

Sector: Consumer Defensive
Industry: Food Confectioners
CEO: Kirk C. Tanner

View full financials

HSY Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.12

DEBT TO EQUITY RATIO AVG TTM

1.20

DEBT TO EQUITY RATIO AVG 3Y

1.28

DEBT TO EQUITY RATIO AVG 5Y

1.47

DEBT TO EQUITY RATIO AVG 10Y

2.36

DEBT TO EQUITY RATIO AVG 15Y

2.21

DEBT TO EQUITY RATIO AVG 20Y

2.41

CURRENT VS TTM AVG

-6.78%

CURRENT VS 3Y AVG

-12.69%

CURRENT VS 5Y AVG

-23.76%

CURRENT VS 10Y AVG

-52.48%

CURRENT VS 15Y AVG

-49.34%

CURRENT VS 20Y AVG

-53.62%

SECTOR MEDIAN · CONSUMER DEFENSIVE

0.85

median of 48 covered companies

CURRENT VS SECTOR MEDIAN

+30.90%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
The Hershey Company (HSY)	$35.50B	1.12	1.20	1.28	1.47
The Kroger Co. (KR)vs ›	$35.37B	4.16	3.59	2.95	2.61
Kimberly-Clark Corporation (KMB)vs ›	$36.28B	4.86	7.14	9.70	11.55
Kenvue Inc. (KVUE)vs ›	$36.94B	0.79	0.84	0.72	0.48
Archer-Daniels-Midland Company (ADM)vs ›	$38.20B	0.37	0.45	0.43	0.46
The Kraft Heinz Company (KHC)vs ›	$30.65B	0.51	0.46	0.43	0.43
The Estée Lauder Companies Inc. (EL)vs ›	$30.34B	2.44	2.15	1.87	1.84
Sysco Corporation (SYY)vs ›	$40.76B	7.92	7.44	7.17	7.26
Kellanova (K)vs ›	$29.03B	1.68	1.87	1.91	2.22
Keurig Dr Pepper Inc. (KDP)vs ›	$42.34B	0.63	0.67	0.61	0.60

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

The Hershey Company (HSY)

$35.50B

1.12

1.20

1.28

1.47

The Kroger Co. (KR)vs ›

$35.37B

4.16

3.59

2.95

2.61

Kimberly-Clark Corporation (KMB)vs ›

$36.28B

4.86

7.14

9.70

11.55

Kenvue Inc. (KVUE)vs ›

$36.94B

0.79

0.84

0.72

0.48

Archer-Daniels-Midland Company (ADM)vs ›

$38.20B

0.37

0.45

0.43

0.46

The Kraft Heinz Company (KHC)vs ›

$30.65B

0.51

0.46

0.43

The Estée Lauder Companies Inc. (EL)vs ›

$30.34B

2.44

2.15

1.87

1.84

Sysco Corporation (SYY)vs ›

$40.76B

7.92

7.44

7.17

7.26

Kellanova (K)vs ›

$29.03B

1.68

1.87

1.91

2.22

Keurig Dr Pepper Inc. (KDP)vs ›

$42.34B

0.63

0.67

0.61

0.60

Debt to Equity Ratio FAQ

What is the debt to equity ratio for The Hershey Company (HSY)?

The debt to equity ratio for HSY stock is 1.12.

Is The Hershey Company's debt to equity ratio high or low?

The debt to equity ratio of 1.12 is 24% below its 5-year average of 1.47, near the low end of its 5-year range (1.12–1.99).

What is the TTM average debt to equity ratio for The Hershey Company (HSY)?

The TTM average debt to equity ratio for HSY stock is 1.20.

What is the 3Y average debt to equity ratio for The Hershey Company (HSY)?

The 3Y average debt to equity ratio for HSY stock is 1.28.

What is the 5Y average debt to equity ratio for The Hershey Company (HSY)?

The 5Y average debt to equity ratio for HSY stock is 1.47.

What is the 10Y average debt to equity ratio for The Hershey Company (HSY)?

The 10Y average debt to equity ratio for HSY stock is 2.36.

What is the 15Y average debt to equity ratio for The Hershey Company (HSY)?

The 15Y average debt to equity ratio for HSY stock is 2.21.

What is the 20Y average debt to equity ratio for The Hershey Company (HSY)?

The 20Y average debt to equity ratio for HSY stock is 2.41.

DATE	DEBT TO EQUITY RATIO
2026-06-28	1.12
2026-03-29	1.13
2025-12-31	1.17
2025-09-28	1.26
2025-06-29	1.33
2025-03-30	1.34
2024-12-31	1.16
2024-09-29	1.34
2024-06-30	1.44
2024-03-31	1.39
2023-12-31	1.25
2023-10-01	1.32
2023-07-02	1.43
2023-04-02	1.45
2022-12-31	1.55
2022-10-02	1.69
2022-07-03	1.85
2022-04-03	1.82
2021-12-31	1.95
2021-10-03	1.86
2021-07-04	1.99
2021-04-04	2.10
2020-12-31	2.16
2020-09-27	2.49
2020-06-28	3.02
2020-03-29	3.17
2019-12-31	2.58
2019-09-29	2.70
2019-06-30	2.60
2019-03-31	3.26
2018-12-31	3.19
2018-09-30	3.81
2018-07-01	4.38
2018-04-01	4.74
2017-12-31	3.19
2017-10-01	3.85
2017-07-02	3.47
2017-04-02	3.42
2016-12-31	3.79
2016-10-02	3.60
2016-07-03	4.22
2016-04-03	3.12
2015-12-31	2.43
2015-10-04	3.12
2015-07-05	2.10
2015-04-05	1.94
2014-12-31	1.50
2014-09-28	1.59
2014-06-29	1.29
2014-03-30	1.23
2013-12-31	1.22
2013-09-29	1.42
2013-06-30	1.71
2013-03-31	1.72
2012-12-31	1.84
2012-09-30	2.01
2012-07-01	1.87
2012-04-01	2.32
2011-12-31	2.20
2011-10-02	1.77
2011-07-03	1.81
2011-04-03	2.09
2010-12-31	2.03
2010-10-03	1.77
2010-07-04	2.11
2010-04-04	2.07
2009-12-31	2.14
2009-10-04	2.93
2009-07-05	4.23
2009-04-05	5.39
2008-12-31	6.31
2008-09-28	3.65
2008-06-29	3.21
2008-03-30	3.40
2007-12-31	3.60
2007-09-30	4.40
2007-07-01	3.87
2007-04-01	3.18
2006-12-31	3.06
2006-10-01	2.75
2006-07-02	2.44
2006-04-02	1.98
2005-12-31	1.73
2005-10-02	2.09
2005-07-03	1.60
2005-04-01	1.44
2004-12-31	1.15
2004-10-03	1.63
2004-07-04	0.81
2004-04-30	0.76
2003-12-31	0.77
2003-09-28	0.98
2003-06-29	0.75
2003-03-31	0.72
2002-12-31	0.64
2002-09-29	0.64

DATE

DEBT TO EQUITY RATIO

2026-06-28

1.12

2026-03-29

1.13

2025-12-31

1.17

2025-09-28

1.26

2025-06-29

1.33

2025-03-30

1.34

2024-12-31

1.16

2024-09-29

1.34

2024-06-30

1.44

2024-03-31

1.39

2023-12-31

1.25

2023-10-01

1.32

2023-07-02

1.43

2023-04-02

1.45

2022-12-31

1.55

2022-10-02

1.69

2022-07-03

1.85

2022-04-03

1.82

2021-12-31

1.95

2021-10-03

1.86

2021-07-04

1.99

2021-04-04

2.10

2020-12-31

2.16

2020-09-27

2.49

2020-06-28

3.02

2020-03-29

3.17

2019-12-31

2.58

2019-09-29

2.70

2019-06-30

2.60

2019-03-31

3.26

2018-12-31

3.19

2018-09-30

3.81

2018-07-01

4.38

2018-04-01

4.74

2017-12-31

3.19

2017-10-01

3.85

2017-07-02

3.47

2017-04-02

3.42

2016-12-31

3.79

2016-10-02

3.60

2016-07-03

4.22

2016-04-03

3.12

2015-12-31

2.43

2015-10-04

3.12

2015-07-05

2.10

2015-04-05

1.94

2014-12-31

1.50

2014-09-28

1.59

2014-06-29

1.29

2014-03-30

1.23

2013-12-31

1.22

2013-09-29

1.42

2013-06-30

1.71

2013-03-31

1.72

2012-12-31

1.84

2012-09-30

2.01

2012-07-01

1.87

2012-04-01

2.32

2011-12-31

2.20

2011-10-02

1.77

2011-07-03

1.81

2011-04-03

2.09

2010-12-31

2.03

2010-10-03

1.77

2010-07-04

2.11

2010-04-04

2.07

2009-12-31

2.14

2009-10-04

2.93

2009-07-05

4.23

2009-04-05

5.39

2008-12-31

6.31

2008-09-28

3.65

2008-06-29

3.21

2008-03-30

3.40

2007-12-31

3.60

2007-09-30

4.40

2007-07-01

3.87

2007-04-01

3.18

2006-12-31

3.06

2006-10-01

2.75

2006-07-02

2.44

2006-04-02

1.98

2005-12-31

1.73

2005-10-02

2.09

2005-07-03

1.60

2005-04-01

1.44

2004-12-31

1.15

2004-10-03

1.63

2004-07-04

0.81

2004-04-30

0.76

2003-12-31

0.77

2003-09-28

0.98

2003-06-29

0.75

2003-03-31

0.72

2002-12-31

0.64

2002-09-29

0.64

Debt to Equity Ratio: 1.12

HSY Debt to Equity Ratio

HSY Average Debt to Equity Ratio Chart

HSY Current vs Average Debt to Equity Ratio Chart

HSY Debt to Equity Ratio Metrics

HSY Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

HSY Debt to Equity Ratio History

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