Harley-Davidson Inc (HOG)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,589,610 | 2,243,910 | 1,986,640 | 1,594,360 | 1,638,450 | 1,878,350 | 1,521,940 | 1,561,200 | 1,433,180 | 2,017,510 | 2,420,750 | 1,393,730 | 1,874,740 | 2,061,300 | 1,741,970 | 2,320,640 | 3,257,200 | 3,560,950 | 3,856,600 | 1,465,060 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 1,860 | 2,060 | 360 | 112 | — | — | 47 | 60 | 152 | 2 |
| Total current liabilities | US$ in thousands | 3,557,490 | 4,169,520 | 3,764,340 | 3,491,320 | 3,384,260 | 2,672,820 | 2,466,460 | 3,084,580 | 3,533,910 | 3,679,910 | 3,675,900 | 3,283,260 | 3,342,890 | 3,430,110 | 3,451,150 | 3,454,600 | 3,981,950 | 4,217,430 | 4,655,100 | 4,580,070 |
| Cash ratio | 0.45 | 0.54 | 0.53 | 0.46 | 0.48 | 0.70 | 0.62 | 0.51 | 0.41 | 0.55 | 0.66 | 0.43 | 0.56 | 0.60 | 0.50 | 0.67 | 0.82 | 0.84 | 0.83 | 0.32 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,589,610K
+ $—K)
÷ $3,557,490K
= 0.45
The cash ratio of Harley-Davidson Inc has fluctuated over the past few years. The trend shows a general decline from a high of 0.84 in September 2020 to a low of 0.41 in December 2022. There have been some periods of recovery, such as in June 2022 and March 2023, where the ratio increased, only to decrease again in subsequent periods.
The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher ratio indicates a stronger liquidity position, as the company has more cash on hand relative to its current liabilities. Conversely, a lower ratio suggests lower liquidity and potential difficulty in meeting short-term financial obligations.
Harley-Davidson Inc's cash ratio has generally remained below 1, indicating that the company may have had challenges in meeting its short-term obligations solely through its cash reserves. It is important for investors and analysts to closely monitor this ratio, as a consistently low cash ratio could be a red flag for the company's financial health and ability to manage its working capital effectively.
Peer comparison
Dec 31, 2024