Harley-Davidson Inc (HOG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,589,610 | 1,533,810 | 1,433,180 | 1,874,740 | 3,257,200 |
| Short-term investments | US$ in thousands | — | — | — | 360 | 47 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,557,490 | 3,384,260 | 3,533,910 | 3,342,890 | 3,981,950 |
| Quick ratio | 0.45 | 0.45 | 0.41 | 0.56 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,589,610K
+ $—K
+ $—K)
÷ $3,557,490K
= 0.45
The quick ratio of Harley-Davidson Inc has shown a declining trend over the past five years. Starting at 0.82 in December 31, 2020, the ratio decreased to 0.56 by the end of 2021 and continued to drop to 0.41 in 2022. However, there was a slight improvement in the quick ratio in 2023 and 2024, standing at 0.45 for both years.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. The downward trend in the quick ratio over the years suggests that Harley-Davidson Inc may be facing challenges in maintaining adequate liquidity to cover its immediate liabilities. Further analysis of the company's liquidity position and financial health would be beneficial to understand the underlying reasons for the decrease in the quick ratio and to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024