Parker-Hannifin Balance Sheet Health
Financial Health criteria checks 3/6
Parker-Hannifin has a total shareholder equity of $12.9B and total debt of $10.2B, which brings its debt-to-equity ratio to 79%. Its total assets and total liabilities are $29.6B and $16.7B respectively. Parker-Hannifin's EBIT is $4.0B making its interest coverage ratio 8.6. It has cash and short-term investments of $371.1M.
Key information
79.0%
Debt to equity ratio
US$10.19b
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$371.07m |
| Equity | US$12.90b |
| Total liabilities | US$16.70b |
| Total assets | US$29.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1HC34's short term assets ($7.0B) do not cover its short term liabilities ($7.3B).
Long Term Liabilities: P1HC34's short term assets ($7.0B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: P1HC34's net debt to equity ratio (76.1%) is considered high.
Reducing Debt: P1HC34's debt to equity ratio has reduced from 149.2% to 79% over the past 5 years.
Debt Coverage: P1HC34's debt is well covered by operating cash flow (34.1%).
Interest Coverage: P1HC34's interest payments on its debt are well covered by EBIT (8.6x coverage).