Harley-Davidson Inc (HOG)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.75 | 3.80 | 3.71 | 3.70 | 3.73 | 3.76 | 3.77 | 3.89 | 3.95 | 4.20 | 4.60 | 4.34 | 4.33 | 4.80 | 4.99 | 5.74 | 6.97 | 7.08 | 8.10 | 6.58 |
Harley-Davidson Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 across multiple periods, showcasing the company's ability to finance its operations without relying heavily on debt.
The Financial Leverage ratio has shown a decreasing trend over the periods, indicating a reduction in the company's reliance on debt financing. The ratio decreased from 6.58 in March 2020 to 3.75 in December 2024. This decline signifies that the company has been effectively managing its debt levels and improving its overall financial stability.
Overall, Harley-Davidson Inc's solvency ratios reflect a conservative capital structure and a healthy balance sheet, highlighting a low risk of financial distress and a solid capacity to meet its obligations.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 17.82 | 23.05 | 26.49 | 25.43 | 28.33 | 28.96 | 31.87 | 33.40 | 30.57 | 30.02 | 25.73 | 25.55 | 27.05 | 23.13 | 22.35 | 9.67 | 1.99 | 6.40 | 4.57 | 16.59 |
Harley-Davidson Inc's interest coverage ratio, which represents the company's ability to cover interest expenses with its operating income, has fluctuated over the provided period.
Initially, as of March 31, 2020, the interest coverage ratio was 16.59, indicating that the company was comfortably covering its interest payments. However, this ratio declined in the subsequent quarters, reaching a low of 1.99 as of December 31, 2020, suggesting a potential financial strain.
From March 31, 2021, there was an improvement in the interest coverage ratio, with values consistently increasing over the next few quarters. By December 31, 2022, the ratio had reached 30.57, indicating a strong ability to meet interest obligations.
Although there were fluctuations in the interest coverage ratio in the following periods, ranging from 17.82 as of December 31, 2024, the overall trend shows an improvement in the company's ability to cover its interest expenses. This suggests better financial health for Harley-Davidson Inc in managing its debt obligations.