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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Hershey (HSY) Debt to Equity (2016 - 2025)

Hershey (HSY) has disclosed Debt to Equity for 17 consecutive years, with $1.06 as the latest value for Q4 2025.

  • On a quarterly basis, Debt to Equity rose 10.78% to $1.06 in Q4 2025 year-over-year; TTM through Dec 2025 was $1.06, a 10.78% increase, with the full-year FY2025 number at $1.06, up 10.78% from a year prior.
  • Debt to Equity was $1.06 for Q4 2025 at Hershey, down from $1.13 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.89 in Q3 2021 to a low of $0.95 in Q4 2024.
  • A 5-year average of $1.3 and a median of $1.2 in 2022 define the central range for Debt to Equity.
  • Peak YoY movement for Debt to Equity: crashed 32.99% in 2023, then increased 23.78% in 2025.
  • Hershey's Debt to Equity stood at $1.82 in 2021, then tumbled by 32.87% to $1.22 in 2022, then decreased by 18.38% to $1.0 in 2023, then fell by 4.5% to $0.95 in 2024, then increased by 10.78% to $1.06 in 2025.
  • Per Business Quant, the three most recent readings for HSY's Debt to Equity are $1.06 (Q4 2025), $1.13 (Q3 2025), and $1.18 (Q2 2025).