Harmonic Inc (HLIT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 796,506 | 768,206 | 710,018 | 693,686 | 591,523 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $796,506K
= 0.00
The debt-to-assets ratio of Harmonic Inc, as reported in the financial statements, has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, implying a conservative financial strategy with minimal financial risk associated with debt. It suggests that Harmonic Inc may be relying on internal sources of funds or operating cash flows to support its asset base, thereby potentially enhancing financial stability and flexibility.
Peer comparison
Dec 31, 2024