Harley-Davidson Inc (HOG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 11,881,600 | 12,140,600 | 11,492,500 | 11,051,100 | 12,010,600 |
| Total stockholders’ equity | US$ in thousands | 773,378 | 3,252,810 | 2,906,810 | 2,553,240 | 1,722,780 |
| Financial leverage ratio | 15.36 | 3.73 | 3.95 | 4.33 | 6.97 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,881,600K ÷ $773,378K
= 15.36
The financial leverage ratio for Harley-Davidson Inc has shown a significant decrease over the years, indicating a trend towards lower reliance on debt financing. As of December 31, 2020, the ratio was 6.97, reflecting a relatively high level of financial leverage. However, by December 31, 2024, the ratio had decreased to 15.36, suggesting a substantial reduction in debt relative to equity in the company's capital structure. This declining trend in the financial leverage ratio may signal improved financial stability and a strengthened balance sheet for Harley-Davidson Inc. It is essential for investors and stakeholders to monitor this ratio to assess the company's capital structure and leverage risk effectively.
Peer comparison
Dec 31, 2024