Hershey Co (HSY) — Cash Flow-to-Debt Ratio
Hershey Co (HSY) has a Cash Flow-to-Debt Ratio of 0.05x as of March 2026, meaning its operating cash flow of $468.81 Million could theoretically repay 0% of its total liabilities ($9.11 Billion) in one year. See Hershey Co free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Hershey Co Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Hershey Co across 37 annual periods. For the full cash flow conversion analysis, see Hershey Co cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for Hershey Co (1989–2025)
Year-by-year debt coverage analysis for Hershey Co. Check HSY cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | $2.28 Billion | $9.10 Billion | ▼ -18.7% |
| 2024 | 0.31x | $2.53 Billion | $8.23 Billion | ▲ +3.3% |
| 2023 | 0.30x | $2.32 Billion | $7.80 Billion | ▼ -2.2% |
| 2022 | 0.30x | $2.33 Billion | $7.65 Billion | ▲ +11.8% |
| 2021 | 0.27x | $2.08 Billion | $7.66 Billion | ▲ +10.4% |
| 2020 | 0.25x | $1.70 Billion | $6.89 Billion | ▼ -10.6% |
| 2019 | 0.28x | $1.76 Billion | $6.40 Billion | ▲ +8.5% |
| 2018 | 0.25x | $1.60 Billion | $6.30 Billion | ▼ -6.0% |
| 2017 | 0.27x | $1.25 Billion | $4.62 Billion | ▲ +29.1% |
| 2016 | 0.21x | $983.48 Million | $4.70 Billion | ▼ -25.9% |
| 2015 | 0.28x | $1.21 Billion | $4.30 Billion | ▲ +38.4% |
| 2014 | 0.20x | $838.22 Million | $4.10 Billion | ▼ -35.7% |
| 2013 | 0.32x | $1.19 Billion | $3.74 Billion | ▲ +7.5% |
| 2012 | 0.30x | $1.09 Billion | $3.71 Billion | ▲ +80.0% |
| 2011 | 0.16x | $580.87 Million | $3.54 Billion | ▼ -39.3% |
| 2010 | 0.27x | $901.42 Million | $3.34 Billion | ▼ -26.1% |
| 2009 | 0.37x | $1.07 Billion | $2.91 Billion | ▲ +131.2% |
| 2008 | 0.16x | $519.56 Million | $3.28 Billion | ▼ -26.4% |
| 2007 | 0.21x | $778.84 Million | $3.62 Billion | ▲ +3.3% |
| 2006 | 0.21x | $723.19 Million | $3.47 Billion | ▲ +47.6% |
| 2005 | 0.14x | $461.76 Million | $3.27 Billion | ▼ -52.1% |
| 2004 | 0.29x | $797.45 Million | $2.71 Billion | ▲ +14.4% |
| 2003 | 0.26x | $592.94 Million | $2.30 Billion | ▼ -13.2% |
| 2002 | 0.30x | $625.34 Million | $2.11 Billion | ▼ -11.8% |
| 2001 | 0.34x | $706.40 Million | $2.10 Billion | ▲ +85.4% |
| 2000 | 0.18x | $412.21 Million | $2.27 Billion | ▲ +24.4% |
| 1999 | 0.15x | $327.70 Million | $2.25 Billion | ▼ -11.7% |
| 1998 | 0.17x | $389.70 Million | $2.36 Billion | ▼ -15.6% |
| 1997 | 0.20x | $476.90 Million | $2.44 Billion | ▼ -14.6% |
| 1996 | 0.23x | $463.70 Million | $2.02 Billion | ▼ -19.1% |
| 1995 | 0.28x | $494.90 Million | $1.75 Billion | ▲ +21.7% |
| 1994 | 0.23x | $337.30 Million | $1.45 Billion | ▼ -11.4% |
| 1993 | 0.26x | $378.90 Million | $1.44 Billion | ▲ +7.1% |
| 1992 | 0.25x | $296.20 Million | $1.21 Billion | ▼ -28.9% |
| 1991 | 0.35x | $347.30 Million | $1.01 Billion | ▲ +36.1% |
| 1990 | 0.25x | $211.80 Million | $835.30 Million | ▼ -33.5% |
| 1989 | 0.38x | $265.60 Million | $697.00 Million | — |