Harley Accounts Payable vs Total Debt Analysis

HOG
 Stock
  

USD 32.09  0.48  1.47%   

Harley Davidson financial indicator trend analysis is much more than just examining Harley-Davidson latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harley-Davidson is a good investment. Please check the relationship between Harley Davidson Accounts Payable and its Total Debt accounts. Please check Risk vs Return Analysis.

Accounts Payable vs Total Debt

Accounts Payable vs Total Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harley-Davidson Accounts Payable account and Total Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Harley Davidson's Accounts Payable and Total Debt is 0.5. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Debt in the same time period over historical financial statements of Harley-Davidson, assuming nothing else is changed. The correlation between historical values of Harley Davidson's Accounts Payable and Total Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Harley-Davidson are associated (or correlated) with its Total Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Debt has no effect on the direction of Accounts Payable i.e., Harley Davidson's Accounts Payable and Total Debt go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Harley Davidson obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Harley-Davidson are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.

Total Debt

Total Debt of Harley-Davidson is a combination of both Harley Davidson short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Harley-Davidson includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.
Most indicators from Harley Davidson fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harley-Davidson current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Risk vs Return Analysis.Harley Davidson Enterprise Value over EBIT is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value over EBIT was at 13.00. The current year Enterprise Value over EBITDA is expected to grow to 13.09, whereas Net Cash Flow Business Acquisitions and Disposals is forecasted to decline to (58.2 M).
 2019 2020 2021 2022 (projected)
Consolidated Income423.63 M1.3 M650.02 M586.11 M
Direct Expenses3.57 B2.86 B3.46 B3.84 B

Harley Davidson fundamental ratios Correlations

0.060.720.640.140.890.030.650.560.610.62-0.420.860.950.73-0.160.890.650.610.550.64-0.01-0.06-0.75-0.77
0.06-0.39-0.27-0.590.15-0.790.040.070.01-0.42-0.430.110.030.620.910.21-0.04-0.01-0.06-0.390.820.86-0.18-0.32
0.72-0.390.70.50.620.480.50.390.510.76-0.160.640.740.29-0.530.570.590.520.530.96-0.59-0.48-0.42-0.26
0.64-0.270.70.80.80.670.890.80.810.55-0.480.810.730.51-0.530.790.930.870.790.74-0.4-0.51-0.48-0.57
0.14-0.590.50.80.280.950.640.570.580.27-0.260.380.23-0.04-0.650.270.70.640.620.55-0.64-0.760.02-0.08
0.890.150.620.80.280.120.790.710.720.61-0.50.920.930.86-0.190.990.780.750.650.630.0-0.06-0.79-0.83
0.03-0.790.480.670.950.120.450.410.410.3-0.040.220.11-0.28-0.790.090.520.480.460.51-0.74-0.850.090.07
0.650.040.50.890.640.790.450.880.930.21-0.790.910.650.66-0.160.80.990.90.870.480.02-0.21-0.49-0.72
0.560.070.390.80.570.710.410.880.650.19-0.620.760.580.6-0.130.720.850.980.550.380.04-0.09-0.53-0.65
0.610.010.510.810.580.720.410.930.650.18-0.80.880.60.6-0.170.740.930.690.980.480.0-0.27-0.38-0.66
0.62-0.420.760.550.270.610.30.210.190.180.190.410.750.24-0.670.530.30.320.220.84-0.63-0.44-0.4-0.24
-0.42-0.43-0.16-0.48-0.26-0.5-0.04-0.79-0.62-0.80.19-0.73-0.39-0.63-0.33-0.54-0.77-0.6-0.77-0.12-0.45-0.190.170.58
0.860.110.640.810.380.920.220.910.760.880.41-0.730.850.78-0.140.920.90.80.820.60.07-0.1-0.67-0.79
0.950.030.740.730.230.930.110.650.580.60.75-0.390.850.75-0.250.910.680.660.570.75-0.15-0.15-0.68-0.71
0.730.620.290.51-0.040.86-0.280.660.60.60.24-0.630.780.750.320.890.620.590.520.290.40.36-0.69-0.83
-0.160.91-0.53-0.53-0.65-0.19-0.79-0.16-0.13-0.17-0.67-0.33-0.14-0.250.32-0.12-0.25-0.23-0.23-0.590.850.840.08-0.09
0.890.210.570.790.270.990.090.80.720.740.53-0.540.920.910.89-0.120.790.750.670.580.06-0.02-0.79-0.87
0.65-0.040.590.930.70.780.520.990.850.930.3-0.770.90.680.62-0.250.790.90.90.58-0.1-0.3-0.42-0.66
0.61-0.010.520.870.640.750.480.90.980.690.32-0.60.80.660.59-0.230.750.90.610.53-0.09-0.18-0.52-0.63
0.55-0.060.530.790.620.650.460.870.550.980.22-0.770.820.570.52-0.230.670.90.610.52-0.09-0.36-0.24-0.56
0.64-0.390.960.740.550.630.510.480.380.480.84-0.120.60.750.29-0.590.580.580.530.52-0.67-0.53-0.35-0.2
-0.010.82-0.59-0.4-0.640.0-0.740.020.040.0-0.63-0.450.07-0.150.40.850.06-0.1-0.09-0.09-0.670.83-0.13-0.36
-0.060.86-0.48-0.51-0.76-0.06-0.85-0.21-0.09-0.27-0.44-0.19-0.1-0.150.360.84-0.02-0.3-0.18-0.36-0.530.83-0.18-0.14
-0.75-0.18-0.42-0.480.02-0.790.09-0.49-0.53-0.38-0.40.17-0.67-0.68-0.690.08-0.79-0.42-0.52-0.24-0.35-0.13-0.180.69
-0.77-0.32-0.26-0.57-0.08-0.830.07-0.72-0.65-0.66-0.240.58-0.79-0.71-0.83-0.09-0.87-0.66-0.63-0.56-0.2-0.36-0.140.69
Click cells to compare fundamentals

Harley Davidson Account Relationship Matchups

Harley Davidson fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories538.2 M556.13 M603.57 M523.5 M712.94 M586.86 M
Receivables2.44 B2.52 B2.53 B1.65 B1.65 B2.1 B
Accounts Payable227.6 M284.86 M294.38 M290.9 M374.98 M306.79 M
Accumulated Other Comprehensive Income(500.05 M)(629.68 M)(536.95 M)(483.42 M)(240.92 M)(259.94 M)
Total Assets9.97 B10.67 B10.53 B12.01 B11.05 B11.7 B
Current Assets3.88 B4.48 B4.2 B5.85 B4.55 B4.89 B
Assets Non Current6.09 B6.18 B6.33 B6.17 B6.5 B6.82 B
Cash and Equivalents735.04 M1.25 B898.42 M3.39 B2 B1.85 B
Cash and Equivalents USD735.04 M1.25 B898.42 M3.39 B2 B1.85 B
Total Debt6.99 B7.6 B7.49 B9.02 B6.92 B7.5 B
Debt Current2.4 B2.71 B2.32 B3.05 B2.29 B2.43 B
Debt Non Current4.59 B4.89 B5.17 B5.96 B4.63 B5.07 B
Total Debt USD6.99 B7.6 B7.49 B9.02 B6.92 B7.5 B
Shareholders Equity1.84 B1.77 B1.8 B1.72 B2.55 B2.28 B
Shareholders Equity USD1.84 B1.77 B1.8 B1.72 B2.55 B2.28 B
Goodwill and Intangible Assets55.95 M55.05 M64.16 M65.98 M63.18 M61.08 M
Inventory538.2 M556.13 M603.57 M523.5 M712.94 M675.5 M
Investments6.97 B7.23 B7.37 B6.44 B6.57 B7.29 B
Investments Current2.11 B2.22 B2.27 B1.51 B1.47 B1.59 B
Investments Non Current4.86 B5.01 B5.1 B4.93 B5.11 B5.39 B
Total Liabilities8.13 B8.89 B8.72 B10.29 B8.5 B9.08 B
Current Liabilities3.16 B3.6 B3.2 B3.98 B3.34 B3.44 B
Liabilities Non Current4.97 B5.29 B5.53 B6.31 B5.15 B5.64 B
Trade and Non Trade Payables227.6 M284.86 M294.38 M290.9 M374.98 M349.64 M
Property Plant and Equipment Net967.78 M904.13 M909 M788.99 M733.61 M752.73 M
Trade and Non Trade Receivables329.99 M306.47 M259.33 M143.08 M182.15 M199.65 M
Accumulated Retained Earnings Deficit1.61 B2.01 B2.19 B1.28 B1.84 B2.87 B
Tax Assets109.07 M141.46 M101.2 M158.54 M82.92 M114.67 M

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Is Harley Davidson's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harley Davidson. If investors know Harley will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harley Davidson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Harley-Davidson is measured differently than its book value, which is the value of Harley that is recorded on the company's balance sheet. Investors also form their own opinion of Harley Davidson's value that differs from its market value or its book value, called intrinsic value, which is Harley Davidson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harley Davidson's market value can be influenced by many factors that don't directly affect Harley Davidson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harley Davidson's value and its price as these two are different measures arrived at by different means. Investors typically determine Harley Davidson value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harley Davidson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.