Hershey Cash And Short Term Investments vs Total Assets Analysis

0J4X Stock

170.36 2.02 1.20%

Hershey financial indicator trend analysis is much more than just examining Hershey latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hershey is a good investment. Please check the relationship between Hershey Cash And Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hershey Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hershey Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have no relationship.

The correlation between Hershey's Cash And Short Term Investments and Total Assets is 0.0. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Hershey Co, assuming nothing else is changed. The correlation between historical values of Hershey's Cash And Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Hershey Co are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., Hershey's Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Hershey balance sheet. This account contains Hershey investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Hershey Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Assets

Total assets refers to the total amount of Hershey assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hershey books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Hershey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hershey current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hershey Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 1.7 B in 2024. Tax Provision is likely to drop to about 224.2 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	9.0B	10.4B	11.2B	5.8B
Depreciation And Amortization	282.8M	333.3M	419.8M	440.8M

Total Revenue Depreciation And Amortization

Hershey fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.96	0.45	0.9	0.92	0.74	0.94	-0.14	0.01	0.99	0.62	0.0	0.69	-0.62	0.94	0.96	0.01	0.5	0.98	0.58	0.78	0.96	0.93	-0.29	-0.25	0.96
Short Long Term Debt Total	0.96		0.48	0.87	0.79	0.73	0.98	-0.13	0.02	0.96	0.69	0.0	0.72	-0.67	0.98	0.88	-0.02	0.44	0.99	0.58	0.82	0.93	0.82	-0.31	-0.17	0.94
Other Current Liab	0.45	0.48		0.61	0.23	0.79	0.43	0.49	0.29	0.39	0.41	0.31	0.9	-0.87	0.46	0.5	0.51	-0.24	0.54	0.82	0.49	0.26	0.4	0.28	-0.47	0.26
Total Current Liabilities	0.9	0.87	0.61		0.78	0.79	0.88	0.2	-0.14	0.89	0.5	-0.15	0.8	-0.73	0.79	0.93	0.16	0.16	0.91	0.55	0.93	0.83	0.91	-0.02	-0.39	0.81
Total Stockholder Equity	0.92	0.79	0.23	0.78		0.61	0.78	-0.27	-0.07	0.92	0.47	-0.08	0.48	-0.36	0.78	0.91	-0.12	0.61	0.82	0.41	0.62	0.91	0.93	-0.38	-0.21	0.9
Property Plant And Equipment Net	0.74	0.73	0.79	0.79	0.61		0.73	0.21	0.01	0.72	0.46	0.01	0.96	-0.72	0.69	0.76	0.3	0.15	0.77	0.77	0.71	0.66	0.71	-0.12	-0.35	0.64
Net Debt	0.94	0.98	0.43	0.88	0.78	0.73		-0.14	-0.16	0.96	0.65	-0.17	0.7	-0.6	0.95	0.87	-0.06	0.45	0.96	0.47	0.86	0.95	0.82	-0.34	-0.14	0.95
Retained Earnings	-0.14	-0.13	0.49	0.2	-0.27	0.21	-0.14		0.06	-0.2	-0.38	0.08	0.34	-0.44	-0.21	0.02	0.58	-0.91	-0.06	0.24	0.18	-0.29	-0.01	0.89	-0.63	-0.34
Cash	0.01	0.02	0.29	-0.14	-0.07	0.01	-0.16	0.06		-0.1	0.17	1.0	0.12	-0.33	0.13	-0.02	0.21	-0.05	0.05	0.61	-0.3	-0.15	-0.1	0.15	-0.17	-0.11
Non Current Assets Total	0.99	0.96	0.39	0.89	0.92	0.72	0.96	-0.2	-0.1		0.63	-0.11	0.65	-0.55	0.93	0.94	-0.06	0.55	0.96	0.49	0.8	0.99	0.92	-0.37	-0.19	0.98
Non Currrent Assets Other	0.62	0.69	0.41	0.5	0.47	0.46	0.65	-0.38	0.17	0.63		0.16	0.49	-0.43	0.7	0.45	-0.16	0.55	0.66	0.49	0.52	0.62	0.42	-0.55	0.04	0.67
Cash And Short Term Investments	0.0	0.0	0.31	-0.15	-0.08	0.01	-0.17	0.08	1.0	-0.11	0.16		0.12	-0.33	0.11	-0.02	0.23	-0.07	0.04	0.62	-0.31	-0.17	-0.11	0.17	-0.18	-0.12
Net Receivables	0.69	0.72	0.9	0.8	0.48	0.96	0.7	0.34	0.12	0.65	0.49	0.12		-0.86	0.68	0.71	0.4	-0.01	0.76	0.83	0.72	0.56	0.63	0.04	-0.41	0.56
Common Stock Shares Outstanding	-0.62	-0.67	-0.87	-0.73	-0.36	-0.72	-0.6	-0.44	-0.33	-0.55	-0.43	-0.33	-0.86		-0.66	-0.67	-0.59	0.18	-0.73	-0.81	-0.58	-0.43	-0.57	-0.34	0.45	-0.43
Non Current Liabilities Total	0.94	0.98	0.46	0.79	0.78	0.69	0.95	-0.21	0.13	0.93	0.7	0.11	0.68	-0.66		0.86	-0.01	0.5	0.97	0.62	0.7	0.91	0.79	-0.34	-0.14	0.92
Inventory	0.96	0.88	0.5	0.93	0.91	0.76	0.87	0.02	-0.02	0.94	0.45	-0.02	0.71	-0.67	0.86		0.16	0.35	0.93	0.58	0.76	0.88	0.98	-0.11	-0.39	0.86
Other Current Assets	0.01	-0.02	0.51	0.16	-0.12	0.3	-0.06	0.58	0.21	-0.06	-0.16	0.23	0.4	-0.59	-0.01	0.16		-0.49	0.09	0.45	0.01	-0.17	0.12	0.61	-0.52	-0.19
Other Stockholder Equity	0.5	0.44	-0.24	0.16	0.61	0.15	0.45	-0.91	-0.05	0.55	0.55	-0.07	-0.01	0.18	0.5	0.35	-0.49		0.4	0.04	0.13	0.61	0.38	-0.91	0.42	0.65
Total Liab	0.98	0.99	0.54	0.91	0.82	0.77	0.96	-0.06	0.05	0.96	0.66	0.04	0.76	-0.73	0.97	0.93	0.09	0.4		0.63	0.82	0.92	0.88	-0.23	-0.25	0.92
Total Current Assets	0.58	0.58	0.82	0.55	0.41	0.77	0.47	0.24	0.61	0.49	0.49	0.62	0.83	-0.81	0.62	0.58	0.45	0.04	0.63		0.39	0.4	0.49	0.05	-0.41	0.42
Short Term Debt	0.78	0.82	0.49	0.93	0.62	0.71	0.86	0.18	-0.3	0.8	0.52	-0.31	0.72	-0.58	0.7	0.76	0.01	0.13	0.82	0.39		0.78	0.75	-0.1	-0.26	0.76
Intangible Assets	0.96	0.93	0.26	0.83	0.91	0.66	0.95	-0.29	-0.15	0.99	0.62	-0.17	0.56	-0.43	0.91	0.88	-0.17	0.61	0.92	0.4	0.78		0.87	-0.46	-0.1	0.99
Accounts Payable	0.93	0.82	0.4	0.91	0.93	0.71	0.82	-0.01	-0.1	0.92	0.42	-0.11	0.63	-0.57	0.79	0.98	0.12	0.38	0.88	0.49	0.75	0.87		-0.14	-0.35	0.84
Common Stock	-0.29	-0.31	0.28	-0.02	-0.38	-0.12	-0.34	0.89	0.15	-0.37	-0.55	0.17	0.04	-0.34	-0.34	-0.11	0.61	-0.91	-0.23	0.05	-0.1	-0.46	-0.14		-0.51	-0.51
Current Deferred Revenue	-0.25	-0.17	-0.47	-0.39	-0.21	-0.35	-0.14	-0.63	-0.17	-0.19	0.04	-0.18	-0.41	0.45	-0.14	-0.39	-0.52	0.42	-0.25	-0.41	-0.26	-0.1	-0.35	-0.51		-0.06
Good Will	0.96	0.94	0.26	0.81	0.9	0.64	0.95	-0.34	-0.11	0.98	0.67	-0.12	0.56	-0.43	0.92	0.86	-0.19	0.65	0.92	0.42	0.76	0.99	0.84	-0.51	-0.06

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Hershey Account Relationship Matchups

Hershey fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.1B	9.1B	10.4B	10.9B	11.9B	12.5B
Short Long Term Debt Total	4.4B	4.8B	5.3B	5.1B	5.1B	5.4B
Other Current Liab	693.1M	762.2M	819.6M	811.7M	833.3M	548.0M
Total Current Liabilities	2.0B	1.9B	2.5B	3.3B	3.0B	3.2B
Total Stockholder Equity	1.7B	2.2B	2.8B	3.3B	4.1B	4.3B
Property Plant And Equipment Net	2.2B	2.3B	2.6B	2.8B	3.6B	1.8B
Net Debt	4.0B	3.6B	5.0B	4.6B	4.7B	5.0B
Retained Earnings	1.3B	1.9B	2.7B	3.6B	4.6B	3.4B
Cash	493.3M	1.1B	329.3M	463.9M	401.9M	287.9M
Non Current Assets Total	6.0B	6.2B	8.2B	8.3B	9.0B	9.4B
Non Currrent Assets Other	512M	503.5M	775.1M	812.0M	186.1M	230.0M
Cash And Short Term Investments	493.3M	1.1B	329.3M	463.9M	401.9M	290.6M
Net Receivables	568.5M	615.2M	671.5M	711.2M	823.6M	446.9M
Common Stock Shares Outstanding	210.7M	209.4M	207.8M	206.6M	205.5M	220.2M
Liabilities And Stockholders Equity	8.1B	9.1B	10.4B	10.9B	11.9B	12.5B
Non Current Liabilities Total	4.4B	5.0B	5.2B	4.4B	4.8B	5.0B
Inventory	815.3M	964.2M	988.5M	1.2B	1.3B	1.4B
Other Current Assets	240.1M	254.5M	257.0M	272.2M	345.6M	229.2M
Other Stockholder Equity	551.2M	422.2M	65.0M	(259.5M)	(454.7M)	(477.4M)
Total Liab	6.4B	6.9B	7.7B	7.6B	7.8B	8.2B
Total Current Assets	2.1B	3.0B	2.2B	2.6B	2.9B	1.6B
Short Term Debt	764.9M	549.4M	981.4M	1.5B	1.1B	1.1B
Intangible Assets	1.3B	1.3B	2.0B	2.0B	2.2B	2.4B
Accounts Payable	550.8M	580.1M	692.3M	970.6M	1.1B	1.1B
Accumulated Other Comprehensive Income	(324.0M)	(338.1M)	(249.2M)	(252.3M)	(230.1M)	(241.6M)
Current Deferred Revenue	722.2M	17.1M	3.1M	6.7M	(5.9M)	(5.6M)
Good Will	2.0B	2.0B	2.6B	2.6B	2.7B	2.8B
Other Liab	671.6M	730.6M	764.2M	753.3M	866.3M	738.3M
Net Tangible Assets	(1.7B)	(1.2B)	(2.2B)	(1.6B)	(1.4B)	(1.5B)
Long Term Debt	3.3B	3.5B	4.0B	4.1B	4.7B	3.7B
Property Plant Equipment	2.4B	2.5B	2.9B	3.1B	3.6B	2.8B

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Hershey Cash And Short Term Investments vs Total Assets Analysis

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Assets

Hershey fundamental ratios Correlations

Hershey Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hershey fundamental ratios Accounts

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Additional Tools for Hershey Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Intangible Assets	+ 0.99	Non Current Assets Total
Good Will	+ 0.99	Intangible Assets
Total Liab	+ 0.98	Total Assets

Common Stock	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Other Current Liab
Common Stock Shares Outstanding	- 0.86	Net Receivables
Total Current Assets	- 0.81	Common Stock Shares Outstanding
Total Liab	- 0.73	Common Stock Shares Outstanding