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Harley-DavidsonHOG -2.65%81 Cash-to-Debt is 0.82 as of Jun. 2026, which is 273% above its 10-year median of 0.22. GuruFocus rates HOG with a GF Score™ of 81/100 and a GF Value™ of $26.76 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,316 Vehicles & Parts companies, Harley-Davidson ranks better than 55.93% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Harley-Davidson's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.82.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Harley-Davidsoncouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Harley-Davidson's Cash-to-Debt or its related term are showing as below:
HOG'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.22 Max: 1.01
Current: 0.82
During the past 13 years, Harley-Davidson's highest Cash to Debt Ratio was 1.01. The lowest was 0.10. And the median was 0.22.
HOG's Cash-to-Debt is ranked better than 55.93% of 1316
companies
in the Vehicles & Parts industry
Industry Median: 0.61
vs HOG: 0.82
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Harley-Davidson Cash-to-Debt Related Terms
Harley-Davidson Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Harley-Davidson's Cash-to-Debt 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: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Recreational Vehicles subindustry, Harley-Davidson's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Harley-Davidson's Cash-to-Debt falls into.
* 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.
Harley-Davidson (HOG) has a Cash-to-Debt of 0.82 as of Jun. 2026. This is 273% above median its historical median of 0.22. Over the past decade, Harley-Davidson's Cash-to-Debt has ranged from 0.10 to 1.01. According to the industry distribution chart, Harley-Davidson ranks #580 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 44.1%.
Is Harley-Davidson's Cash-to-Debt too high?
Harley-Davidson's current Cash-to-Debt of 0.82 is 273% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.01. The Vehicles & Parts industry median Cash-to-Debt is 0.61. Harley-Davidson's value of 0.82 is 34.4% above this industry median. Based on the distribution chart, Harley-Davidson ranks #580 out of 1316 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Harley-Davidson has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harley-Davidson's Cash-to-Debt compare to PATK and LCII?
According to the Vehicles & Parts industry distribution chart, Harley-Davidson ranks #580 out of 1316 companies for Cash-to-Debt. This puts Harley-Davidson in the upper half of its industry. The industry median Cash-to-Debt is 0.61. Harley-Davidson's value of 0.82 is 34.4% above this benchmark. Historically, Harley-Davidson's own Cash-to-Debt has ranged from 0.10 to 1.01 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.61, Harley-Davidson has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Vehicles & Parts company?
The median Cash-to-Debt among Vehicles & Parts companies is 0.61, based on 1,316 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harley-Davidson's current Cash-to-Debt of 0.82 is 34.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median Cash-to-Debt is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harley-Davidson's current Cash-to-Debt is 0.82, which is 273% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harley-Davidson stock overvalued right now?
Based on GuruFocus' analysis, Harley-Davidson (HOG) is currently considered Fairly Valued. The stock's GF Value™ is $26.76, compared to a current price of $26.84 — trading 0.3% above its estimated fair value. The current Cash-to-Debt is 0.82, which is 273% above median its 10-year median of 0.22 and 34.4% above the Vehicles & Parts industry median of 0.61. Harley-Davidson's overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Harley-Davidson (HOG), the current Cash-to-Debt is 0.82 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Harley-Davidson (HOG) Overvalued in 2026?
Based on GuruFocus' analysis, Harley-Davidson stock appears to be overvalued.
The current stock price of $26.84 is trading 0.3% above its estimated GF Value™ of $26.76.
GuruFocus considers Harley-Davidson to be Fairly Valued.
Key valuation signals for HOG:
Cash-to-Debt: 0.82 (273% above median its 10-year median of 0.22)
GF Value™: $26.76 vs. price of $26.84 (0.3% above fair value)
Industry Position: 34.4% above the Vehicles & Parts median (#580 of 1316)
No single metric tells the full story. See the HOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harley-Davidson is a leading global manufacturer of heavyweight motorcycles across the custom, cruising, and touring categories, as well as related merchandise, parts, and accessories. In recent years, the firm has expanded into the adventure touring market with its Pan America model, into electric with the LiveWire brand, and is returning to smaller-displacement bikes with the Sprint. Its captive finance arm, Harley-Davidson Financial Services, provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captured around 34% of the heavyweight domestic market in 2025.
81GF Score
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