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Harvey Norman Holding Limited Case Study

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1. INTRODUCTION:
Harvey Norman Holding Ltd is an ASX listed company. It was founded by Gerry Harvey and Ian Norman in the year 1982 in New South Wales. It is a large Australian-based, multinational company which franchises all over the world including Australia, New-Zealand, Ireland, Slovenia, Singapore, Malaysia and many more places. Harvey Norman Holding Ltd is basically a public company that, as a franchisor who grants franchises to business operators that is to the owners who are dealing in products of retail like home and office appliances in following categories: -
• Computers and communication
• Electrical
• Furniture
• Small appliances
• Bedding and Manchester
• Home improvement
• Lighting and carpet and flooring.

Harvey Norman …show more content…
For this purpose they have started with recycled card-boards, papers, printer cartridge, plastic glasses and aluminium and also use material from discarded mattresses. Along with recycle use of things, company has also reduced use of paper and plastic bags. Further according to CSR Rating Harvey Norman Holding Limited is implementing Natural Resource Conservation and efficiency program, sustainability development, prevention of pollution, future risk minimization. For the wellbeing of society in Harvey Norman Holding Limited employees are given training about efficient use of energy and encouraged for development of renewable and other alternative technologies. Also online reviews are taken for company’s improvement as suggestions matters a …show more content…
The Current Ratio of Harvey Norman has reduced even though it has been fluctuating from the Financial Year 2010 to Financial Year 2015 and this Current Ratio was at it maximum in the Financial Year 2013. Similarly, the same for Quick Ratio as it was at its maximum in the Financial Year 2013 which was 1.47. Thus, if Harvey Norman was required to liquidate its current assets, it may still have trouble meeting its short-term obligations. This drop in the Operating Cash Flows of Harvey Norman would somewhat concern the investors, as it would suggest that Harvey Norman might have problem meeting its short-term financial obligations on operating cash flows

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