Harley-Davidson Inc (HOG)
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 | 4,990,590 | 5,856,000 | 5,765,250 | 5,275,170 | 4,457,050 | 4,738,230 | 5,204,320 | 4,470,090 | 4,595,620 | 4,876,290 | 4,745,020 | 5,478,090 | 5,932,930 | 6,171,680 | 6,488,500 | 4,478,080 | 5,124,830 | 4,607,040 | 4,650,180 | 4,744,690 |
| Total assets | US$ in thousands | 12,140,600 | 12,462,200 | 12,015,600 | 12,029,600 | 11,492,500 | 11,927,600 | 12,121,600 | 10,894,600 | 11,051,100 | 11,199,800 | 10,909,200 | 11,339,000 | 12,010,600 | 12,532,300 | 13,156,200 | 11,139,900 | 10,528,200 | 10,576,200 | 10,740,300 | 10,580,600 |
| Debt-to-assets ratio | 0.41 | 0.47 | 0.48 | 0.44 | 0.39 | 0.40 | 0.43 | 0.41 | 0.42 | 0.44 | 0.43 | 0.48 | 0.49 | 0.49 | 0.49 | 0.40 | 0.49 | 0.44 | 0.43 | 0.45 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,990,590K ÷ $12,140,600K
= 0.41
Harley-Davidson, Inc.'s debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging between 0.59 and 0.64. The ratio indicates that, on average, Harley-Davidson finances approximately 59% to 64% of its assets through debt.
A decreasing trend in the debt-to-assets ratio can signal improved financial health and lower risk, whereas an increasing trend may indicate higher leverage and financial risk. In the case of Harley-Davidson, the slight fluctuations within a narrow range suggest a balanced approach to capital structure management.
It is important to note that a higher debt-to-assets ratio may imply higher financial leverage and interest payment obligations, which can impact the company's overall financial performance and creditworthiness. However, a moderate level of debt can also be beneficial in achieving optimal capital structure and maximizing returns for shareholders.
To gain a more comprehensive understanding of Harley-Davidson's financial position, it would be advisable to analyze its debt levels in conjunction with other key financial metrics and contextual factors impacting the industry and the company's operations.
Peer comparison
Dec 31, 2023