Financial Analysis Of The Hershey Company
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6 Pages
Introduction The financial analysis of a company is important to determine its success and progression into new business endeavors. In this analysis, I will discuss the financials of The Hershey company, as well as how the company derived. Milton S. Hershey, founder of The Hershey Company, established remarkable endeavors for the company that still proves success. Milton S. Hershey, established early on it was the best maker of chocolate. He relayed this in their mission and vision statements. The mission statement of Hershey Company is: “Bringing sweet moments of Hershey happiness to the world every day” (Hershey’s Company, n.d.). The vision of the company is to bet: “the world’s first choice for chocolate everywhere, every time” (Hershey’s
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The products can be found in just about every convenience store, grocery store, and even products in fast-food restaurants. They provide items such as chocolate, non-chocolate confectionery products, baking ingredients, gum, and even some snack products. The Hershey Company’s decisions have directly impacted the main goals and objectives that Mr. Hershey established. The Hershey Company is built on customer and employee satisfaction first, and then they focus on profit (Lamme & Parcell, 2013). In households across America, Hershey is a well-known …show more content…
Financial statements and rations show a company’s progress year over year (Bethel, 2011). The statements also provide information for audits, tax submissions, and any other financial documentations needed.
In 2016, Hershey’s cash ratio was 0.95. The cash ratio was determined by dividing the cash equivalents, $296,967 thousand, by the current liabilities, $1,909,443. The cash ratio is compared by the dollar, and Hershey’s financials are shown here in the thousands. The Hershey company’s ratio proves it has used its assets well to earn profits. The Hershey Company’s current ratio was 0.95. It was determined by the current assets, $1,816,778, divided by current liabilities, $1,909,443. The company can pay it short-term obligations with current assets (Bethel, 2011). However, Hershey’s current ratio, is lower than 1, which could mean that they would need more funding to pay off any balances due at the current time. But, that does not necessarily mean they would go
The products can be found in just about every convenience store, grocery store, and even products in fast-food restaurants. They provide items such as chocolate, non-chocolate confectionery products, baking ingredients, gum, and even some snack products. The Hershey Company’s decisions have directly impacted the main goals and objectives that Mr. Hershey established. The Hershey Company is built on customer and employee satisfaction first, and then they focus on profit (Lamme & Parcell, 2013). In households across America, Hershey is a well-known …show more content…
Financial statements and rations show a company’s progress year over year (Bethel, 2011). The statements also provide information for audits, tax submissions, and any other financial documentations needed.
In 2016, Hershey’s cash ratio was 0.95. The cash ratio was determined by dividing the cash equivalents, $296,967 thousand, by the current liabilities, $1,909,443. The cash ratio is compared by the dollar, and Hershey’s financials are shown here in the thousands. The Hershey company’s ratio proves it has used its assets well to earn profits. The Hershey Company’s current ratio was 0.95. It was determined by the current assets, $1,816,778, divided by current liabilities, $1,909,443. The company can pay it short-term obligations with current assets (Bethel, 2011). However, Hershey’s current ratio, is lower than 1, which could mean that they would need more funding to pay off any balances due at the current time. But, that does not necessarily mean they would go