Harmonic Balance Sheet Health
Financial Health criteria checks 5/6
Harmonic has a total shareholder equity of $428.9M and total debt of $129.5M, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are $759.9M and $330.9M respectively. Harmonic's EBIT is $52.7M making its interest coverage ratio 9.8. It has cash and short-term investments of $58.2M.
Key information
30.2%
Debt to equity ratio
US$129.51m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$58.17m |
| Equity | US$428.94m |
| Total liabilities | US$330.92m |
| Total assets | US$759.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMC's short term assets ($336.4M) exceed its short term liabilities ($161.7M).
Long Term Liabilities: HMC's short term assets ($336.4M) exceed its long term liabilities ($169.3M).
Debt to Equity History and Analysis
Debt Level: HMC's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: HMC's debt to equity ratio has reduced from 61.2% to 30.2% over the past 5 years.
Debt Coverage: HMC's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: HMC's interest payments on its debt are well covered by EBIT (9.8x coverage).