Applied Industrial Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Applied Industrial Technologies has a total shareholder equity of $1.8B and total debt of $597.3M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $3.0B and $1.3B respectively. Applied Industrial Technologies's EBIT is $488.2M making its interest coverage ratio 552.3. It has cash and short-term investments of $538.5M.
Key information
34.1%
Debt to equity ratio
US$597.29m
Debt
| Interest coverage ratio | 552.3x |
| Cash | US$538.52m |
| Equity | US$1.75b |
| Total liabilities | US$1.25b |
| Total assets | US$3.00b |
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 ($478.3M).
Long Term Liabilities: 0HGR's short term assets ($1.8B) exceed its long term liabilities ($772.8M).
Debt to Equity History and Analysis
Debt Level: 0HGR's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 0HGR's debt to equity ratio has reduced from 102.8% to 34.1% over the past 5 years.
Debt Coverage: 0HGR's debt is well covered by operating cash flow (72.5%).
Interest Coverage: 0HGR's interest payments on its debt are well covered by EBIT (552.3x coverage).