Harley-Davidson Inc (HOG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,252,810 | 3,310,020 | 3,188,900 | 3,093,060 | 2,903,520 | 2,840,210 | 2,635,150 | 2,509,100 | 2,553,240 | 2,333,890 | 2,184,270 | 1,976,390 | 1,722,780 | 1,769,900 | 1,623,700 | 1,691,980 | 1,804,000 | 1,836,220 | 1,910,640 | 1,797,610 |
| Debt-to-capital ratio | 0.61 | 0.64 | 0.64 | 0.63 | 0.61 | 0.63 | 0.66 | 0.64 | 0.64 | 0.68 | 0.68 | 0.73 | 0.77 | 0.78 | 0.80 | 0.73 | 0.74 | 0.72 | 0.71 | 0.73 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,990,590K ÷ ($4,990,590K + $3,252,810K)
= 0.61
The debt-to-capital ratio for Harley-Davidson, Inc. has remained relatively stable over the past eight quarters, ranging between 0.69 and 0.75. This ratio indicates the proportion of the company's capital structure that is financed through debt. A higher ratio suggests a higher level of debt relative to total capital, which can indicate increased financial risk.
Harley-Davidson's range of debt-to-capital ratios suggests that the company has been maintaining a moderate to high level of debt in relation to its total capital over the specified period. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial health.
Overall, the stability of the debt-to-capital ratio for Harley-Davidson, Inc. suggests a consistent approach to managing its capital structure and debt levels.
Peer comparison
Dec 31, 2023