Parker-Hannifin Balance Sheet Health
Financial Health criteria checks 2/6
Parker-Hannifin has a total shareholder equity of $11.6B and total debt of $11.4B, which brings its debt-to-equity ratio to 98%. Its total assets and total liabilities are $29.6B and $18.0B respectively. Parker-Hannifin's EBIT is $4.3B making its interest coverage ratio 8.8. It has cash and short-term investments of $415.5M.
Key information
98.0%
Debt to equity ratio
US$11.37b
Debt
Interest coverage ratio | 8.8x |
Cash | US$415.45m |
Equity | US$11.60b |
Total liabilities | US$17.98b |
Total assets | US$29.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KFZ's short term assets ($6.9B) do not cover its short term liabilities ($8.0B).
Long Term Liabilities: 0KFZ's short term assets ($6.9B) do not cover its long term liabilities ($10.0B).
Debt to Equity History and Analysis
Debt Level: 0KFZ's net debt to equity ratio (94.4%) is considered high.
Reducing Debt: 0KFZ's debt to equity ratio has increased from 88.1% to 98% over the past 5 years.
Debt Coverage: 0KFZ's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 0KFZ's interest payments on its debt are well covered by EBIT (8.8x coverage).