Hershey Co (HSY) — Working Capital to Net Assets Ratio
Hershey Co (HSY) has a Working Capital to Net Assets ratio of 15.4% as of March 2026. Working capital of $728.74 Million (current assets of $3.77 Billion minus current liabilities of $3.04 Billion) is measured against net assets of $4.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Hershey Co to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hershey Co Working Capital to Net Assets (1985–2025)
This chart shows how Hershey Co's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 15.4%, reflecting working capital of $728.74 Million against net assets of $4.73 Billion USD. For the complete balance sheet picture, see Hershey Co (HSY) total assets.
Annual Working Capital to Net Assets for Hershey Co (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hershey Co from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check how resilient are Hershey Co's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 12.4% | $577.00 Million | $4.64 Billion | $3.59 Billion | $3.01 Billion | ▲ +16.1 pp |
| 2024 | -3.6% | $-170.04 Million | $4.71 Billion | $3.76 Billion | $3.93 Billion | ▼ -1.3 pp |
| 2023 | -2.3% | $-96.25 Million | $4.10 Billion | $2.91 Billion | $3.01 Billion | ▲ +17.0 pp |
| 2022 | -19.3% | $-636.75 Million | $3.30 Billion | $2.62 Billion | $3.26 Billion | ▼ -10.3 pp |
| 2021 | -9.0% | $-247.11 Million | $2.76 Billion | $2.25 Billion | $2.49 Billion | ▼ -57.5 pp |
| 2020 | 48.5% | $1.09 Billion | $2.24 Billion | $2.98 Billion | $1.89 Billion | ▲ +42.3 pp |
| 2019 | 6.2% | $108.31 Million | $1.74 Billion | $2.12 Billion | $2.01 Billion | ▲ +19.0 pp |
| 2018 | -12.7% | $-179.38 Million | $1.41 Billion | $2.24 Billion | $2.42 Billion | ▼ -4.7 pp |
| 2017 | -8.0% | $-74.63 Million | $931.57 Million | $2.00 Billion | $2.08 Billion | ▲ +3.2 pp |
| 2016 | -11.2% | $-92.67 Million | $827.69 Million | $1.82 Billion | $1.91 Billion | ▲ +24.1 pp |
| 2015 | -35.3% | $-369.31 Million | $1.05 Billion | $1.85 Billion | $2.22 Billion | ▼ -55.7 pp |
| 2014 | 20.4% | $311.40 Million | $1.53 Billion | $2.25 Billion | $1.94 Billion | ▼ -46.4 pp |
| 2013 | 66.8% | $1.08 Billion | $1.62 Billion | $2.49 Billion | $1.41 Billion | ▲ +5.5 pp |
| 2012 | 61.3% | $642.38 Million | $1.05 Billion | $2.11 Billion | $1.47 Billion | ▼ -38.7 pp |
| 2011 | 100.0% | $872.78 Million | $872.65 Million | $2.05 Billion | $1.17 Billion | ▲ +24.7 pp |
| 2010 | 75.3% | $706.37 Million | $937.60 Million | $2.01 Billion | $1.30 Billion | ▲ +12.9 pp |
| 2009 | 62.4% | $474.81 Million | $760.34 Million | $1.39 Billion | $910.63 Million | ▲ +41.1 pp |
| 2008 | 21.4% | $74.73 Million | $349.94 Million | $1.34 Billion | $1.27 Billion | ▲ +52.2 pp |
| 2007 | -30.8% | $-192.20 Million | $623.52 Million | $1.43 Billion | $1.62 Billion | ▼ -25.6 pp |
| 2006 | -5.2% | $-35.73 Million | $683.42 Million | $1.42 Billion | $1.45 Billion | ▲ +5.5 pp |
| 2005 | -10.7% | $-109.28 Million | $1.02 Billion | $1.41 Billion | $1.52 Billion | ▼ -1.3 pp |
| 2004 | -9.5% | $-102.94 Million | $1.09 Billion | $1.18 Billion | $1.29 Billion | ▼ -52.1 pp |
| 2003 | 42.6% | $545.76 Million | $1.28 Billion | $1.13 Billion | $585.81 Million | ▼ -9.6 pp |
| 2002 | 52.3% | $716.77 Million | $1.37 Billion | $1.26 Billion | $546.85 Million | ▲ +3.3 pp |
| 2001 | 48.9% | $561.10 Million | $1.15 Billion | $1.17 Billion | $606.44 Million | ▲ +3.9 pp |
| 2000 | 45.0% | $528.45 Million | $1.18 Billion | $1.30 Billion | $766.90 Million | ▼ -6.7 pp |
| 1999 | 51.6% | $567.20 Million | $1.10 Billion | $1.28 Billion | $712.80 Million | ▲ +21.0 pp |
| 1998 | 30.6% | $319.20 Million | $1.04 Billion | $1.13 Billion | $814.80 Million | ▲ +2.6 pp |
| 1997 | 28.0% | $239.10 Million | $852.80 Million | $1.03 Billion | $795.70 Million | ▲ +13.5 pp |
| 1996 | 14.5% | $168.90 Million | $1.16 Billion | $986.20 Million | $817.30 Million | ▲ +9.2 pp |
| 1995 | 5.3% | $57.90 Million | $1.08 Billion | $922.30 Million | $864.40 Million | ▼ -5.2 pp |
| 1994 | 10.6% | $152.50 Million | $1.44 Billion | $948.70 Million | $796.20 Million | ▲ +5.3 pp |
| 1993 | 5.3% | $75.20 Million | $1.41 Billion | $889.00 Million | $813.80 Million | ▼ -8.5 pp |
| 1992 | 13.9% | $203.10 Million | $1.47 Billion | $940.00 Million | $736.90 Million | ▼ -6.6 pp |
| 1991 | 20.5% | $273.80 Million | $1.34 Billion | $744.50 Million | $470.70 Million | ▼ -5.3 pp |
| 1990 | 25.8% | $320.50 Million | $1.24 Billion | $661.80 Million | $341.30 Million | ▲ +0.5 pp |
| 1989 | 25.2% | $281.80 Million | $1.12 Billion | $567.60 Million | $285.80 Million | ▼ -2.0 pp |
| 1988 | 27.2% | $273.70 Million | $1.01 Billion | $619.10 Million | $345.40 Million | ▲ +5.0 pp |
| 1987 | 22.2% | $185.10 Million | $832.40 Million | $484.90 Million | $299.80 Million | ▼ -1.3 pp |
| 1986 | 23.5% | $171.30 Million | $727.90 Million | $393.40 Million | $222.10 Million | ▼ -6.3 pp |
| 1985 | 29.8% | $217.00 Million | $727.90 Million | $412.30 Million | $195.30 Million | — |