What is Harley-Davidson's cash ratio?

Harley-Davidson (HOG) reported cash ratio of 0.7× in Q1 2026.

How has Harley-Davidson's cash ratio changed year-over-year?

Harley-Davidson's cash ratio increased by 36.6% year-over-year, from 0.5× to 0.7×.

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

Over 5 years (2020 to 2025), Harley-Davidson's cash ratio has grown at a 6.3% compound annual growth rate (CAGR), from 0.9× to 1.2×.

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.

Harley-Davidson HOG Cash ratio

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0.1×0.0×

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0.2×0.0×

OPENLANE, IncOPLN

0.1×0.0×

Hewlett Packard EnterpriseHPE

0.2×-0.3×

CaterpillarCAT

0.1×0.0×

Cavco IndustriesCVCO

0.7×-0.5×

Other financials

Income statement

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Revenue$1.2B-11.8%

Gross profit$378.4M-32.2%

Operating income$23.5M-85.4%

Net income$24.8M-81.4%

EPS (diluted)$0.22-79.4%

Balance sheet

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Cash & equivalents$1.8B-6.5%

Total debt$1.7B-69.1%

Total equity$3.1B-3.7%

Total assets$7.2B-41.5%

Cash flow

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Operating cash flow-$228.0M-261%

CapEx$31.8M+6.1%

Free cash flow-$259.8M-333%

Valuation

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Market cap$2.69B-28.1%

Enterprise value$2.59B-67.9%

P/E4.2×+1.0×

P/S0.6×-0.2×

Profitability

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Gross margin35.9%-6.5pp

Operating margin11%-2.6pp

Net margin10.8%-1.4pp

FCF margin18.4%+6.0pp

Returns & leverage

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Return on equity17.7%-5.8pp

Debt / equity0.6×-1.2×

Current ratio1.9×+0.4×

Where this comes from

Calculated from Harley-Davidson’s reported figures.

cash and equivalents/total current liabilities=0.7×

Based on the most recent quarter.

The official record: Harley-Davidson’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harley-Davidson's cash ratio?: Harley-Davidson (HOG) reported cash ratio of 0.7× in Q1 2026.
How has Harley-Davidson's cash ratio changed year-over-year?: Harley-Davidson's cash ratio increased by 36.6% year-over-year, from 0.5× to 0.7×.
What is the long-term trend for Harley-Davidson's cash ratio?: Over 5 years (2020 to 2025), Harley-Davidson's cash ratio has grown at a 6.3% compound annual growth rate (CAGR), from 0.9× to 1.2×.
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.