Harmonic Inc (HLIT)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,495 | 9,992 | 10,539 | 11,350 | 11,161 | 123,856 | — | — | 111,930 | — | — | — | 139,593 | 137,725 | 140,548 | 99,880 | 88,629 | 130,217 | 118,070 | 116,413 |
| Total assets | US$ in thousands | 768,206 | 673,811 | 690,352 | 703,815 | 710,018 | 697,871 | 698,459 | 700,445 | 693,686 | 643,866 | 651,240 | 609,709 | 591,523 | 559,422 | 557,521 | 576,275 | 587,327 | 568,206 | 526,721 | 514,177 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.18 | 0.00 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.24 | 0.25 | 0.25 | 0.17 | 0.15 | 0.23 | 0.22 | 0.23 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,495K ÷ $768,206K
= 0.01
The debt-to-assets ratio of Harmonic, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.17, indicating that 17% of the company's assets were financed through debt. This suggests a relatively conservative capital structure with a lower reliance on debt financing.
The ratio had increased slightly in Q3, Q2, and Q1 2023, as well as in Q4 2022, where it ranged between 0.18 and 0.24. This indicates that the company may have taken on more debt relative to its assets during these periods, potentially increasing its financial leverage.
It is important to note that a higher debt-to-assets ratio can signify higher financial risk, as it indicates a greater proportion of assets are financed through debt. Conversely, a lower ratio signals a stronger financial position and less reliance on borrowing. In this case, Harmonic, Inc. has generally maintained a reasonable level of debt in relation to its assets over the quarters analyzed.
Peer comparison
Dec 31, 2023