To the full analysis
Harley-Davidson stock: balance sheet and debt
HOGHarley-Davidson has a debt to equity ratio of 0.97 and an interest coverage of 14.7x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.97
Interest coverage
14.7x
Current ratio
2.1
Cash & equivalents
$3.09B
Total assets
$8.04B
Equity ratio
39.2%
Goodwill
$63.91M
Net debt
−$38.05M
More cash than debt
Total assets and equity ratio
How large the balance sheet of Harley-Davidson, Inc. is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $5.53B | $58.8M | $58.8M | 49.8% | $805.96M |
| 2007 | $5.66B | $61.4M | $61.4M | 42.0% | $1.69B |
| 2008 | $7.83B | $60.13M | $60.13M | 27.0% | $3.35B |
| 2009 | $9.16B | $31.4M | $31.4M | 23.0% | $3.97B |
| 2010 | $9.43B | $29.59M | $29.59M | 23.4% | $4.59B |
| 2011 | $9.67B | $29.08M | $29.08M | 25.0% | $4.04B |
| 2012 | $9.17B | $29.53M | $29.53M | 27.9% | $3.9B |
| 2013 | $9.41B | $30.45M | $30.45M | 32.0% | $4.09B |
| 2014 | $9.53B | $27.75M | $27.75M | 30.5% | $4.54B |
| 2015 | $9.97B | $54.18M | $54.18M | 18.4% | $6.1B |
| 2016 | $9.89B | $53.39M | $53.39M | 19.4% | $6.04B |
| 2017 | $9.97B | $62.86M | $55.95M | 18.5% | $6.3B |
| 2018 | $10.67B | $61.05M | $55.05M | 16.6% | $6.39B |
| 2019 | $10.53B | $74.76M | $64.16M | 17.1% | $6.67B |
| 2020 | $12.01B | $75.61M | $65.98M | 14.3% | $5.78B |
| 2021 | $11.05B | $70.69M | $63.18M | 23.1% | $5.06B |
| 2022 | $11.49B | $68.48M | $62.09M | 25.3% | $5.52B |
| 2023 | $12.14B | $69.72M | $62.7M | 26.8% | $5.66B |
| 2024 | $11.88B | $67.23M | $61.66M | 26.6% | $5.44B |
| 2025 | $8.04B | $63.91M | $63.91M | 39.2% | −$38.05M |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $896.53M | $2.76B | $1.7B | 0.62 |
| 2007 | $405.33M | $2.38B | $2.1B | 0.88 |
| 2008 | $568.89M | $2.12B | $3.91B | 1.85 |
| 2009 | $1.67B | $2.11B | $5.64B | 2.67 |
| 2010 | $1.16B | $2.21B | $5.75B | 2.61 |
| 2011 | $1.68B | $2.42B | $5.72B | 2.36 |
| 2012 | $1.2B | $2.56B | $5.1B | 2 |
| 2013 | $1.17B | $3.01B | $5.26B | 1.75 |
| 2014 | $964.01M | $2.91B | $5.5B | 1.89 |
| 2015 | $767.4M | $1.84B | $6.87B | 3.74 |
| 2016 | $765.5M | $1.92B | $6.81B | 3.55 |
| 2017 | $687.52M | $1.84B | $6.99B | 3.79 |
| 2018 | $1.21B | $1.77B | $7.6B | 4.28 |
| 2019 | $833.87M | $1.8B | $7.51B | 4.16 |
| 2020 | $3.26B | $1.72B | $9.03B | 5.24 |
| 2021 | $1.87B | $2.55B | $6.94B | 2.72 |
| 2022 | $1.43B | $2.9B | $6.96B | 2.39 |
| 2023 | $1.53B | $3.25B | $7.2B | 2.21 |
| 2024 | $1.59B | $3.17B | $7.03B | 2.22 |
| 2025 | $3.09B | $3.14B | $3.05B | 0.97 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.