Harley-Davidson Inc (HOG)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,990,590 | 4,457,050 | 4,595,620 | 5,932,930 | 5,124,830 |
| Total stockholders’ equity | US$ in thousands | 3,252,810 | 2,903,520 | 2,553,240 | 1,722,780 | 1,804,000 |
| Debt-to-equity ratio | 1.53 | 1.54 | 1.80 | 3.44 | 2.84 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,990,590K ÷ $3,252,810K
= 1.53
The debt-to-equity ratio of Harley-Davidson, Inc. has exhibited fluctuation over the past five years, ranging from 2.19 in 2023 to 5.22 in 2020. In 2023, the company's debt-to-equity ratio improved compared to the previous year, indicating a decrease in financial leverage. However, the ratio remains relatively high, suggesting that the company relies significantly on debt to finance its operations and expansion. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial risk and sustainability in the long term.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-equity ratio
Harley-Davidson Inc
HOG
1.53
Fox Factory Holding Corp
FOXF
0.31