Hershey (HSY) Debt Ratio (2009 - 2026)
Hershey's (HSY) Debt Ratio stood at 0.40 in Q2 2026, down 2.9% from 0.41 a year earlier but up 3.7% from the prior quarter.
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Analysis
Hershey (HSY) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Hershey's Debt Ratio came in at 0.39, down 0.2% from FY2024.
- Annual Debt Ratio has declined for seven straight years.
- Across earlier years, Debt Ratio came in at 0.39 in FY2024 (-2.6%), 0.40 in FY2023 (-7.6%), 0.44 in FY2022 (-9.4%) and 0.48 in FY2021 (-4.2%).
- Quarterly Debt Ratio has ranged from 0.39 in Q1 2026 to 0.48 in Q4 2021 over the past five years.
- On a year-over-year basis, Debt Ratio has declined for seven consecutive quarters, with an average decline of 3.2% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 2.7% in Q1 2024, against a decline of 10.3% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.39 (Q1 2026), 0.39 (Q4 2025) and 0.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 132.43 Bn | 107.80 Bn | - | 0.42 |
| 2 | Mondelez International | 73.80 Bn | 67.12 Bn | 3.99 Bn | 0.30 |
| 3 | Hershey | 31.86 Bn | 28.11 Bn | 1.26 Bn | 0.40 |
| 4 | Kraft Heinz | 26.96 Bn | 13.49 Bn | 2.03 Bn | 0.26 |
| 5 | General Mills | 17.20 Bn | 14.85 Bn | 1.49 Bn | 0.45 |
| 6 | J M Smucker | 12.70 Bn | 12.49 Bn | 979.60 Mn | 0.42 |
| 7 | Mccormick | 12.49 Bn | 12.36 Bn | 778.20 Mn | 0.30 |
| 8 | Hormel Foods | 10.97 Bn | 7.66 Bn | 471.52 Mn | 0.21 |
| 9 | Chewy | 7.31 Bn | 4.59 Bn | 1.01 Bn | 0.16 |
| 10 | Conagra Brands | 6.43 Bn | 5.74 Bn | 618.70 Mn | 0.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 0.40 |
| Mar 29, 2026 | 0.39 |
| Dec 31, 2025 | 0.39 |
| Sep 28, 2025 | 0.40 |
| Jun 29, 2025 | 0.41 |
| Mar 30, 2025 | 0.42 |
| Dec 31, 2024 | 0.39 |
| Sep 29, 2024 | 0.42 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.43 |
| Dec 31, 2023 | 0.40 |
| Oct 1, 2023 | 0.41 |
| Jul 2, 2023 | 0.43 |
| Apr 2, 2023 | 0.42 |
| Dec 31, 2022 | 0.44 |
| Oct 2, 2022 | 0.45 |
| Jul 3, 2022 | 0.47 |
| Apr 3, 2022 | 0.47 |
| Dec 31, 2021 | 0.48 |
| Oct 3, 2021 | 0.48 |
API Access
Hershey Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HSY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();