Applied Industrial Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Applied Industrial Technologies has a total shareholder equity of $1.7B and total debt of $597.0M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are $2.9B and $1.2B respectively. Applied Industrial Technologies's EBIT is $483.1M making its interest coverage ratio 62.7. It has cash and short-term investments of $456.5M.
Key information
35.8%
Debt to equity ratio
US$596.97m
Debt
Interest coverage ratio | 62.7x |
Cash | US$456.53m |
Equity | US$1.67b |
Total liabilities | US$1.19b |
Total assets | US$2.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HGR's short term assets ($1.8B) exceed its short term liabilities ($468.4M).
Long Term Liabilities: 0HGR's short term assets ($1.8B) exceed its long term liabilities ($717.5M).
Debt to Equity History and Analysis
Debt Level: 0HGR's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 0HGR's debt to equity ratio has reduced from 111.2% to 35.8% over the past 5 years.
Debt Coverage: 0HGR's debt is well covered by operating cash flow (72.4%).
Interest Coverage: 0HGR's interest payments on its debt are well covered by EBIT (62.7x coverage).