Parker-Hannifin Balance Sheet Health
Financial Health criteria checks 2/6
Parker-Hannifin has a total shareholder equity of $11.3B and total debt of $11.8B, which brings its debt-to-equity ratio to 104.2%. Its total assets and total liabilities are $29.7B and $18.4B respectively. Parker-Hannifin's EBIT is $4.1B making its interest coverage ratio 7.3. It has cash and short-term investments of $393.9M.
Key information
104.2%
Debt to equity ratio
US$11.79b
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$393.87m |
| Equity | US$11.31b |
| Total liabilities | US$18.38b |
| Total assets | US$29.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1HC34's short term assets ($6.7B) do not cover its short term liabilities ($7.5B).
Long Term Liabilities: P1HC34's short term assets ($6.7B) do not cover its long term liabilities ($10.9B).
Debt to Equity History and Analysis
Debt Level: P1HC34's net debt to equity ratio (100.7%) is considered high.
Reducing Debt: P1HC34's debt to equity ratio has increased from 93.6% to 104.2% over the past 5 years.
Debt Coverage: P1HC34's debt is well covered by operating cash flow (27.6%).
Interest Coverage: P1HC34's interest payments on its debt are well covered by EBIT (7.3x coverage).