Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Harmonic Drive SystemsHSYDF -7.31%76 Cash-to-Debt is 1.20 as of Mar. 2026, which is at its 10-year median of 1.20. GuruFocus rates HSYDF with a GF Score™ of 76/100 and a GF Value™ of $24.46 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,048 Industrial Products companies, Harmonic Drive Systems ranks better than 50.66% 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. Harmonic Drive Systems's cash to debt ratio for the quarter that ended in Mar. 2026 was 1.20.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Harmonic Drive Systemscould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Harmonic Drive Systems's Cash-to-Debt or its related term are showing as below:
HSYDF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 1.2 Max: 13.59
Current: 1.2
During the past 13 years, Harmonic Drive Systems's highest Cash to Debt Ratio was 13.59. The lowest was 0.76. And the median was 1.20.
HSYDF's Cash-to-Debt is ranked better than 50.66% of 3048
companies
in the Industrial Products industry
Industry Median: 1.15
vs HSYDF: 1.20
Harmonic Drive Systems (OTCPK:HSYDF) Cash-to-Debt Explanation
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.
Harmonic Drive Systems Cash-to-Debt Related Terms
Harmonic Drive Systems Cash-to-Debt Historical Data
* 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 Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.
Harmonic Drive Systems Cash-to-Debt vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Harmonic Drive Systems'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.
Harmonic Drive Systems (HSYDF) has a Cash-to-Debt of 1.20 as of Mar. 2026. This is near median its historical median of 1.20. Over the past decade, Harmonic Drive Systems' Cash-to-Debt has ranged from 0.76 to 13.59. According to the industry distribution chart, Harmonic Drive Systems ranks #1504 out of 3048 companies in the Industrial Products industry, placing it in the top 49.3%.
Is Harmonic Drive Systems' Cash-to-Debt too high?
Harmonic Drive Systems' current Cash-to-Debt of 1.20 is near median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 13.59. The Industrial Products industry median Cash-to-Debt is 1.15. Harmonic Drive Systems' value of 1.20 is 4.3% above this industry median. Based on the distribution chart, Harmonic Drive Systems ranks #1504 out of 3048 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Harmonic Drive Systems has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' Cash-to-Debt compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harmonic Drive Systems ranks #1504 out of 3048 companies for Cash-to-Debt. This puts Harmonic Drive Systems in the upper half of its industry. The industry median Cash-to-Debt is 1.15. Harmonic Drive Systems' value of 1.20 is 4.3% above this benchmark. Historically, Harmonic Drive Systems' own Cash-to-Debt has ranged from 0.76 to 13.59 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.15, Harmonic Drive Systems 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 an Industrial Products company?
The median Cash-to-Debt among Industrial Products companies is 1.15, based on 3,048 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. Harmonic Drive Systems's current Cash-to-Debt of 1.20 is 4.3% 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 Industrial Products industry, the median Cash-to-Debt is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmonic Drive Systems's current Cash-to-Debt is 1.20, which is near median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.46, compared to a current price of $33.99 — trading 39% above its estimated fair value. The current Cash-to-Debt is 1.20, which is near median its 10-year median of 1.20 and 4.3% above the Industrial Products industry median of 1.15. Harmonic Drive Systems' overall GF Score™ is 76/100 with 5 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 Harmonic Drive Systems (HSYDF), the current Cash-to-Debt is 1.20 as of Mar. 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued.
The current stock price of $33.99 is trading 39% above its estimated GF Value™ of $24.46.
GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.
Key valuation signals for HSYDF:
Cash-to-Debt: 1.20 (near median its 10-year median of 1.20)
GF Value™: $24.46 vs. price of $33.99 (39% above fair value)
Industry Position: 4.3% above the Industrial Products median (#1504 of 3048)
No single metric tells the full story. See the HSYDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
76GF Score
Get the complete analysis for HSYDF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HSYDF has been successfully added to your 
