Harley-Davidson Inc (HOG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,996,640 | 5,889,940 | 5,637,640 | 5,385,900 | 5,163,730 | 5,422,810 | 5,014,420 | 5,290,510 | 4,750,650 | 5,012,180 | 5,308,170 | 4,387,260 | 4,550,090 | 4,708,420 | 4,469,600 | 5,187,140 | 5,845,430 | 6,156,730 | 6,811,830 | 4,976,380 |
| 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 |
| Current ratio | 1.40 | 1.41 | 1.50 | 1.54 | 1.53 | 2.03 | 2.03 | 1.72 | 1.34 | 1.36 | 1.44 | 1.34 | 1.36 | 1.37 | 1.30 | 1.50 | 1.47 | 1.46 | 1.46 | 1.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,996,640K ÷ $3,557,490K
= 1.40
The current ratio of Harley-Davidson Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, has ranged from a low of 1.09 on March 31, 2020, to a high of 2.03 on June 30, 2023.
Overall, the current ratio has generally remained above 1.0, indicating that Harley-Davidson Inc has had sufficient current assets to cover its current liabilities. The ratio improved steadily from the end of 2020 until the middle of 2023, reaching its peak at 2.03. However, there was a significant drop in the ratio by the end of 2023, and it continued to decline through the first half of 2024.
The decline in the current ratio from mid-2023 to the end of 2024 suggests that the company may have experienced challenges in managing its short-term obligations relative to its short-term assets during this period. It is important for Harley-Davidson Inc to closely monitor its current ratio to ensure it maintains a healthy balance between current assets and current liabilities to meet its near-term financial obligations.
Peer comparison
Dec 31, 2024