Applied Industrial Technologies Financial Health
How is Applied Industrial Technologies's financial position?
[object Object] Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AIT's short term assets ($1.4B) exceed its short term liabilities ($451.3M).
Long Term Liabilities: AIT's short term assets ($1.4B) exceed its long term liabilities ($801.5M).
Debt to Equity History and Analysis
Debt Level: AIT's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: AIT's debt to equity ratio has increased from 37.6% to 53.2% over the past 5 years.
Debt Coverage: AIT's debt is well covered by operating cash flow (25.4%).
Interest Coverage: AIT's interest payments on its debt are well covered by EBIT (15.4x coverage).