Harley-Davidson Inc (HOG)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,533,810 | 1,878,350 | 1,521,940 | 1,561,200 | 1,433,180 | 1,730,250 | 2,194,260 | 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 | 833,868 | 862,381 | 924,638 | 749,600 |
| Short-term investments | US$ in thousands | 34,079 | 32,664 | 35,175 | 34,017 | 33,071 | 33,631 | 38,779 | 45,189 | 49,650 | 48,766 | 52,434 | 50,239 | 52,061 | 48,845 | 48,725 | 44,144 | 52,575 | 49,821 | 51,543 | 49,896 |
| Total current liabilities | US$ in thousands | 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 | 3,196,770 | 3,698,750 | 3,742,250 | 3,590,060 |
| Cash ratio | 0.46 | 0.71 | 0.63 | 0.52 | 0.41 | 0.48 | 0.61 | 0.44 | 0.58 | 0.62 | 0.52 | 0.69 | 0.83 | 0.86 | 0.84 | 0.33 | 0.28 | 0.25 | 0.26 | 0.22 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,533,810K
+ $34,079K)
÷ $3,384,260K
= 0.46
The cash ratio of Harley-Davidson, Inc. has been fluctuating over the past eight quarters, with values ranging from 0.10 to 0.19. The cash ratio measures the company's ability to cover its short-term liabilities with its current cash and cash equivalents.
The cash ratio reached its peak in Q3 2023 at 0.19, indicating that the company had $0.19 in cash available for every $1 of its short-term liabilities during that period. This suggests a strong liquidity position, where the company had sufficient cash to meet its immediate obligations.
On the other hand, the lowest cash ratio was observed in Q2 2022 at 0.10, reflecting a lower level of liquidity compared to other quarters. This could indicate potential liquidity constraints or a need to manage cash more effectively during that period.
Overall, the trend in the cash ratio shows some variability, but it is essential for Harley-Davidson, Inc. to consistently monitor and manage its cash position to ensure it can meet its short-term liabilities without relying too heavily on external financing.
Peer comparison
Dec 31, 2023