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HSY

HERSHEY CO
CIK 0000047111 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
20.0
composite ยท 3 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2011-12-31 ยท ELEVATED56.6

Pension underfunding

[FY2011 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 83% funded โ€” -$195M deficit (23% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2014-02-21) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 1156756000,
  "plan_assets": 961421000,
  "funded_ratio": 0.8311,
  "deficit": -195335000,
  "deficit_vs_equity": 0.2278,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/47111/000004711114000006/0000047111-14-000006-index.htm",
    "form": "10-K",
    "filed": "2014-02-21"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN25.0

Tax arbitrage

ETR 27.3% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-17) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.2726,
    "2024-12-31": 0.1021,
    "2023-12-31": 0.1428
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": -0.0626,
    "2024-12-31": 0.1079,
    "2023-12-31": 0.0672
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026008586/0001628280-26-008586-index.htm",
    "form": "10-K",
    "filed": "2026-02-17"
  }
}
P-13 ยท FY 2025-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.41x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-17) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 6.412,
    "2024-12-31": 16.626,
    "2023-12-31": 15.856,
    "2022-12-31": 16.138
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.819,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 1441528000,
    "interest_expense_t": 224806000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/47111/000162828026008586/0001628280-26-008586-index.htm",
    "form": "10-K",
    "filed": "2026-02-17"
  }
}