Harmonic Balance Sheet Health
Financial Health criteria checks 6/6
Harmonic has a total shareholder equity of $409.2M and total debt of $130.2M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are $740.7M and $331.5M respectively. Harmonic's EBIT is $11.6M making its interest coverage ratio 4.3. It has cash and short-term investments of $84.3M.
Key information
31.8%
Debt to equity ratio
US$130.19m
Debt
Interest coverage ratio | 4.3x |
Cash | US$84.31m |
Equity | US$409.15m |
Total liabilities | US$331.52m |
Total assets | US$740.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMC's short term assets ($300.8M) exceed its short term liabilities ($274.8M).
Long Term Liabilities: HMC's short term assets ($300.8M) exceed its long term liabilities ($56.7M).
Debt to Equity History and Analysis
Debt Level: HMC's net debt to equity ratio (11.2%) is considered satisfactory.
Reducing Debt: HMC's debt to equity ratio has reduced from 61.6% to 31.8% over the past 5 years.
Debt Coverage: HMC's debt is well covered by operating cash flow (21.2%).
Interest Coverage: HMC's interest payments on its debt are well covered by EBIT (4.3x coverage).