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
Does Applied Industrial Technologies (NYSE:AIT) Have A Healthy Balance Sheet?
Oct 21
Is Applied Industrial Technologies (NYSE:AIT) Using Too Much Debt?
Jun 08Applied Industrial Technologies (NYSE:AIT) Has A Rock Solid Balance Sheet
Jan 15These 4 Measures Indicate That Applied Industrial Technologies (NYSE:AIT) Is Using Debt Safely
Oct 05These 4 Measures Indicate That Applied Industrial Technologies (NYSE:AIT) Is Using Debt Safely
Jun 13Recent updates
Calculating The Fair Value Of Applied Industrial Technologies, Inc. (NYSE:AIT)
Nov 07Applied Industrial Technologies Can Continue To Outperform
Nov 06Does Applied Industrial Technologies (NYSE:AIT) Have A Healthy Balance Sheet?
Oct 21Should You Think About Buying Applied Industrial Technologies, Inc. (NYSE:AIT) Now?
Sep 15Investor Optimism Abounds Applied Industrial Technologies, Inc. (NYSE:AIT) But Growth Is Lacking
Sep 03Why The 20% Return On Capital At Applied Industrial Technologies (NYSE:AIT) Should Have Your Attention
Aug 22Applied Industrial Technologies: Another Year Of Stagnation
Aug 15Is Now The Time To Put Applied Industrial Technologies (NYSE:AIT) On Your Watchlist?
Aug 10A Look At The Fair Value Of Applied Industrial Technologies, Inc. (NYSE:AIT)
Jul 29Is Applied Industrial Technologies (NYSE:AIT) Using Too Much Debt?
Jun 08Some Confidence Is Lacking In Applied Industrial Technologies, Inc.'s (NYSE:AIT) P/E
May 27Applied Industrial Technologies: Growth Should Accelerate
May 21Under The Bonnet, Applied Industrial Technologies' (NYSE:AIT) Returns Look Impressive
May 13Is Now The Time To Put Applied Industrial Technologies (NYSE:AIT) On Your Watchlist?
May 01Calculating The Intrinsic Value Of Applied Industrial Technologies, Inc. (NYSE:AIT)
Apr 18At US$197, Is Applied Industrial Technologies, Inc. (NYSE:AIT) Worth Looking At Closely?
Mar 25Applied Industrial Technologies: Good Growth Prospects Ahead
Mar 04The Trend Of High Returns At Applied Industrial Technologies (NYSE:AIT) Has Us Very Interested
Feb 11Applied Industrial Technologies (NYSE:AIT) Is Increasing Its Dividend To $0.37
Jan 28Applied Industrial Technologies (NYSE:AIT) Has A Rock Solid Balance Sheet
Jan 15Applied Industrial Technologies, Inc.'s (NYSE:AIT) Shareholders Might Be Looking For Exit
Jan 02Applied Industrial Technologies, Inc. (NYSE:AIT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 19Applied Industrial Technologies: The Uptrend Should Continue
Dec 17Should You Be Adding Applied Industrial Technologies (NYSE:AIT) To Your Watchlist Today?
Dec 07Is It Too Late To Consider Buying Applied Industrial Technologies, Inc. (NYSE:AIT)?
Oct 30Applied Industrial Technologies (NYSE:AIT) Knows How To Allocate Capital Effectively
Oct 17These 4 Measures Indicate That Applied Industrial Technologies (NYSE:AIT) Is Using Debt Safely
Oct 05Applied Industrial Technologies: Slightly Expensive For Now
Oct 03Applied Industrial Technologies, Inc.'s (NYSE:AIT) Intrinsic Value Is Potentially 40% Above Its Share Price
Sep 19Here's Why Applied Industrial Technologies (NYSE:AIT) Has Caught The Eye Of Investors
Aug 23Applied Industrial Technologies (NYSE:AIT) Will Pay A Dividend Of $0.35
Jul 04Why Applied Industrial Technologies, Inc. (NYSE:AIT) Could Be Worth Watching
Jun 27These 4 Measures Indicate That Applied Industrial Technologies (NYSE:AIT) Is Using Debt Safely
Jun 13We Ran A Stock Scan For Earnings Growth And Applied Industrial Technologies (NYSE:AIT) Passed With Ease
May 17Returns On Capital Are A Standout For Applied Industrial Technologies (NYSE:AIT)
Apr 30Applied Industrial Technologies' (NYSE:AIT) Dividend Will Be Increased To $0.35
Apr 30Financial Position Analysis
Short Term Liabilities: AIT's short term assets ($1.8B) exceed its short term liabilities ($478.3M).
Long Term Liabilities: AIT's short term assets ($1.8B) exceed its long term liabilities ($772.8M).
Debt to Equity History and Analysis
Debt Level: AIT's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: AIT's debt to equity ratio has reduced from 102.8% to 34.1% over the past 5 years.
Debt Coverage: AIT's debt is well covered by operating cash flow (72.5%).
Interest Coverage: AIT's interest payments on its debt are well covered by EBIT (552.3x coverage).