What is Harmonic's cash ratio?

Harmonic (HLIT) reported cash ratio of 0.5× in Q1 2026.

How has Harmonic's cash ratio changed year-over-year?

Harmonic's cash ratio decreased by 43.4% year-over-year, from 0.9× to 0.5×.

What is the long-term trend for Harmonic's cash ratio?

Over 5 years (2020 to 2025), Harmonic's cash ratio has grown at a -1.3% compound annual growth rate (CAGR), from 0.7× to 0.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Harmonic HLIT Cash ratio

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Other financials

Income statement

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Revenue$121.7M+43.4%

Gross profit$63.6M+36.9%

Operating income$20.4M+191%

Net income$7.3M+23.0%

EPS (diluted)$0.07+40.0%

Balance sheet

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Cash & equivalents$109.4M-26.6%

Total debt$131.1M-4.4%

Total equity$355.2M-20.4%

Total assets$705.3M-8.8%

Cash flow

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Operating cash flow$31.7M-62.1%

CapEx$1.4M-25.3%

Free cash flow$30.3M-62.9%

Valuation

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Market cap$1.58B-11.8%

Profitability

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Gross margin49.7%—

Operating margin21.5%—

Net margin-10.4%-22.2pp

FCF margin0%—

Returns & leverage

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Return on equity-10.5%-22.9pp

Debt / equity0.4×+0.1×

Current ratio2.3×+0.2×

Where this comes from

Calculated from Harmonic’s reported figures.

cash and equivalents/total current liabilities=0.5×

Based on the most recent quarter.

The official record: Harmonic’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harmonic's cash ratio?: Harmonic (HLIT) reported cash ratio of 0.5× in Q1 2026.
How has Harmonic's cash ratio changed year-over-year?: Harmonic's cash ratio decreased by 43.4% year-over-year, from 0.9× to 0.5×.
What is the long-term trend for Harmonic's cash ratio?: Over 5 years (2020 to 2025), Harmonic's cash ratio has grown at a -1.3% compound annual growth rate (CAGR), from 0.7× to 0.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.