Harley-Davidson (Harley-Davidson) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Harley-Davidson's Operating Income for the three months ended in Dec. 2023 was $-21 Mil. Harley-Davidson's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Harley-Davidson's Interest Coverage or its related term are showing as below:

HOG' s Interest Coverage Range Over the Past 10 Years
Min: 4.49 Med: 27.52 Max: 307.78
Current: 25.31

HOG's Interest Coverage is ranked better than
75.1% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 7.53 vs HOG: 25.31

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Harley-Davidson Interest Coverage Historical Data

The historical data trend for Harley-Davidson's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Harley-Davidson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

18.92

4.49

26.59

29.11

25.31

Harley-Davidson Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																0.53	47.88	28.76	27.22	-

Competitive Comparison

For the Recreational Vehicles subindustry, Harley-Davidson's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harley-Davidson Interest Coverage Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Harley-Davidson's Interest Coverage falls into.

Harley-Davidson Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Harley-Davidson's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Harley-Davidson's Interest Expense was $-31 Mil. Its Operating Income was $779 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,042 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	779.084	/	-30.787
	=	25.31

Harley-Davidson's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Harley-Davidson's Interest Expense was $-8 Mil. Its Operating Income was $-21 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,042 Mil.

Harley-Davidson did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Harley-Davidson (NYSE:HOG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Harley-Davidson Interest Coverage Related Terms

Thank you for viewing the detailed overview of Harley-Davidson's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Harley-Davidson (Harley-Davidson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harley-Davidson Inc (NYSE:HOG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HOG:Mexico 1HOG:Italy HAR:Germany HAR:Germany HAR:Germany H1OG34:Brazil HOG:Austria HOG:Argentina

Address

3700 West Juneau Avenue, Milwaukee, WI, USA, 53208

Website

https://www.harley-davidson.com

Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.

Executives

Charles Do	officer: Sr. Vice President, HDFSI	3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Rafeh Masood	director	C/O BJ'S WHOLESALE CLUB, INC., 25 RESEARCH DRIVE, WESTBOROUGH MA 01581
Sara L Levinson	director	RODALE INC, 733 3RD AVE 15TH FL, MILWAUKEE WI 10017
Allan C. Golston	director	2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Farley Jr James D	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Maryrose Sylvester	director	C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
R John Anderson	director	LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Norman Thomas Linebarger	director
Troy Alstead	director	1155 BATTERY STREET, SAN FRANCISCO CA 94111
David Viney	officer: Interim CFO, VP and Treasurer	3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
O'sullivan Coyne Edel M.	officer: Chief Commercial Officer	3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Jonathan R Root	officer: SVP - HDFSI	3700 W JUNEAU, MILWAUKEE WI 53208
Jagdish Krishnan	officer: Chief Digital Officer	3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Tori Termaat	officer: Chief Human Resources Officer	3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Gina M Goetter	officer: Chief Financial Officer	C/O HASBRO, INC., 1027 NEWPORT AVENUE, PAWTUCKET RI 02861