Harley Income Tax Expense vs Non Operating Income Net Other Analysis

HOG Stock  USD 35.52  0.11  0.31%   
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 Income Tax Expense and its Non Operating Income Net Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harley Davidson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.

Income Tax Expense vs Non Operating Income Net Other

Income Tax Expense vs Non Operating Income Net Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harley Davidson Income Tax Expense account and Non Operating Income Net Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Harley Davidson's Income Tax Expense and Non Operating Income Net Other is -0.21. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Non Operating Income Net Other 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 Income Tax Expense and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Harley Davidson are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Income Tax Expense i.e., Harley Davidson's Income Tax Expense and Non Operating Income Net Other go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Non Operating Income Net Other

Most indicators from Harley Davidson's 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. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harley Davidson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.At this time, Harley Davidson's Tax Provision is most likely to decrease significantly in the upcoming years. The Harley Davidson's current Sales General And Administrative To Revenue is estimated to increase to 0.18, while Enterprise Value Over EBITDA is projected to decrease to 11.97.
 2021 2022 2023 2024 (projected)
Gross Profit1.7B2.4B2.1B1.4B
Total Revenue5.3B5.8B5.8B4.0B

Harley Davidson fundamental ratios Correlations

0.940.540.920.660.780.870.120.650.980.530.560.70.380.960.820.620.130.970.830.84-0.780.810.55-0.02-0.01
0.940.520.960.440.780.94-0.050.650.930.630.580.710.230.960.710.530.240.990.830.93-0.750.750.38-0.17-0.16
0.540.520.60.150.060.39-0.340.540.53-0.120.360.03-0.280.470.78-0.040.480.540.30.51-0.40.510.78-0.47-0.46
0.920.960.60.440.670.88-0.160.670.90.480.590.620.10.870.770.380.360.950.780.98-0.790.770.5-0.29-0.29
0.660.440.150.440.590.40.50.320.660.230.390.620.550.520.530.71-0.270.50.70.35-0.50.70.440.340.36
0.780.780.060.670.590.870.360.210.810.780.250.940.630.820.40.67-0.180.780.740.67-0.560.550.040.270.27
0.870.940.390.880.40.870.00.350.910.650.290.840.270.910.670.430.180.930.710.87-0.680.660.29-0.12-0.12
0.12-0.05-0.34-0.160.50.360.0-0.130.110.22-0.050.290.830.1-0.10.64-0.96-0.010.17-0.180.34-0.04-0.20.960.97
0.650.650.540.670.320.210.35-0.130.520.280.940.080.050.620.450.490.270.660.680.62-0.540.590.39-0.18-0.18
0.980.930.530.90.660.810.910.110.520.540.430.750.370.940.840.550.140.950.780.83-0.770.80.57-0.04-0.03
0.530.63-0.120.480.230.780.650.220.280.540.320.610.530.650.050.54-0.140.60.560.53-0.390.35-0.180.240.22
0.560.580.360.590.390.250.29-0.050.940.430.320.160.080.560.280.590.160.590.780.57-0.460.620.21-0.11-0.1
0.70.710.030.620.620.940.840.290.080.750.610.160.480.730.410.57-0.130.710.730.62-0.540.590.040.160.18
0.380.23-0.280.10.550.630.270.830.050.370.530.080.480.380.00.71-0.720.280.340.07-0.070.1-0.170.860.86
0.960.960.470.870.520.820.910.10.620.940.650.560.730.380.70.650.110.980.830.81-0.710.760.38-0.02-0.01
0.820.710.780.770.530.40.67-0.10.450.840.050.280.410.00.70.220.340.750.510.65-0.650.750.88-0.29-0.27
0.620.53-0.040.380.710.670.430.640.490.550.540.590.570.710.650.22-0.490.560.770.34-0.270.480.00.550.56
0.130.240.480.36-0.27-0.180.18-0.960.270.14-0.140.16-0.13-0.720.110.34-0.490.220.020.35-0.560.250.4-0.96-0.96
0.970.990.540.950.50.780.93-0.010.660.950.60.590.710.280.980.750.560.220.840.91-0.770.790.45-0.13-0.13
0.830.830.30.780.70.740.710.170.680.780.560.780.730.340.830.510.770.020.840.76-0.650.840.240.020.04
0.840.930.510.980.350.670.87-0.180.620.830.530.570.620.070.810.650.340.350.910.76-0.730.690.35-0.29-0.3
-0.78-0.75-0.4-0.79-0.5-0.56-0.680.34-0.54-0.77-0.39-0.46-0.54-0.07-0.71-0.65-0.27-0.56-0.77-0.65-0.73-0.72-0.50.40.4
0.810.750.510.770.70.550.66-0.040.590.80.350.620.590.10.760.750.480.250.790.840.69-0.720.62-0.21-0.2
0.550.380.780.50.440.040.29-0.20.390.57-0.180.210.04-0.170.380.880.00.40.450.240.35-0.50.62-0.35-0.34
-0.02-0.17-0.47-0.290.340.27-0.120.96-0.18-0.040.24-0.110.160.86-0.02-0.290.55-0.96-0.130.02-0.290.4-0.21-0.351.0
-0.01-0.16-0.46-0.290.360.27-0.120.97-0.18-0.030.22-0.10.180.86-0.01-0.270.56-0.96-0.130.04-0.30.4-0.2-0.341.0
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Harley Davidson Account Relationship Matchups

Harley Davidson fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.5B12.0B11.1B11.5B12.1B12.7B
Short Long Term Debt Total7.4B9.0B6.9B6.9B7.2B7.6B
Other Current Liab13.9M557.2M602.0M683.0M858.1M901.0M
Total Current Liabilities3.2B4.0B3.3B3.5B3.4B3.6B
Total Stockholder Equity1.8B1.7B2.6B2.9B3.3B1.8B
Property Plant And Equipment Net909M789.0M733.6M733.8M801.4M725.4M
Net Debt6.6B5.7B5.0B5.5B5.6B5.8B
Retained Earnings2.2B1.3B1.8B2.5B3.1B3.0B
Cash833.9M3.3B1.9B1.4B1.6B1.7B
Non Current Assets Total6.3B6.2B6.5B6.7B7.0B7.3B
Non Currrent Assets Other1.2B1.2B1.4B402.6M515.1M825.8M
Cash And Short Term Investments833.9M3.3B1.9B1.4B1.6B822.0M
Net Receivables2.5B1.7B1.6B2.0B2.4B1.4B
Common Stock Shares Outstanding157.8M153.9M155.0M149.4M145.1M191.0M
Liabilities And Stockholders Equity10.5B12.0B11.1B11.5B12.1B12.7B
Non Current Liabilities Total5.5B6.3B5.2B5.1B5.5B5.8B
Inventory603.6M523.5M712.9M951.0M930.0M976.4M
Other Current Assets169.0M280.5M185.8M196.2M214.4M147.7M
Other Stockholder Equity145.1M919.7M950.0M756.4M455.1M477.9M
Total Liab8.7B10.3B8.5B8.6B8.9B9.3B
Total Current Assets4.2B5.8B4.6B4.8B5.2B2.8B
Short Term Debt2.3B3.1B2.3B2.5B2.2B2.3B
Intangible Assets10.6M9.6M7.5M6.4M7.0M6.7M
Accounts Payable294.4M290.9M375.0M378.0M349.2M224.4M
Property Plant And Equipment Gross847.4M789.0M3.0B2.9B3.0B3.2B
Accumulated Other Comprehensive Income(536.9M)(483.4M)(240.9M)(341.9M)(305.0M)(320.2M)
Common Stock Total Equity1.8M1.7M1.7M1.7M1.5M2.2M
Common Stock1.8M1.7M1.7M1.7M1.7M2.2M
Other Liab317.5M372.9M559.3M259.4M298.3M465.4M
Other Assets239.7M1.2B1.4B1.4B1.6B1.7B
Long Term Debt5.1B5.9B4.6B4.5B5.0B3.3B
Good Will64.2M66.0M63.2M62.1M62.7M59.4M
Treasury Stock(1.1B)(1.3B)(588.0M)(597.0M)(537.3M)(564.1M)
Property Plant Equipment847.4M743.8M684.0M689.9M620.9M722.6M
Short Term Investments10.0M2K47K360K324K307.8K
Net Tangible Assets1.8B1.7B2.6B3.1B2.8B2.0B
Current Deferred Revenue568.4M80.0M72.1M17.6M23.4M22.2M
Retained Earnings Total Equity2.2B1.3B1.8B2.5B2.2B3.7B
Long Term Debt Total5.1B5.9B4.6B4.5B5.1B4.7B
Capital Surpluse1.5B1.5B1.5B1.7B1.9B1.4B

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When determining whether Harley Davidson is a strong investment it is important to analyze Harley Davidson's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Harley Davidson's future performance. For an informed investment choice regarding Harley Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harley Davidson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Harley Davidson's price analysis, check to measure Harley Davidson's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harley Davidson is operating at the current time. Most of Harley Davidson's value examination focuses on studying past and present price action to predict the probability of Harley Davidson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harley Davidson's price. Additionally, you may evaluate how the addition of Harley Davidson to your portfolios can decrease your overall portfolio volatility.
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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.
Quarterly Earnings Growth
(0.16)
Dividend Share
0.668
Earnings Share
4.55
Revenue Per Share
41.299
Quarterly Revenue Growth
(0.03)
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 if Harley Davidson is a good investment 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.