Parker-Hannifin Balance Sheet Health
Financial Health criteria checks 3/6
Parker-Hannifin has a total shareholder equity of $12.9B and total debt of $10.2B, which brings its debt-to-equity ratio to 79%. Its total assets and total liabilities are $29.6B and $16.7B respectively. Parker-Hannifin's EBIT is $4.0B making its interest coverage ratio 8.6. It has cash and short-term investments of $371.1M.
Key information
79.0%
Debt to equity ratio
US$10.19b
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$371.07m |
| Equity | US$12.90b |
| Total liabilities | US$16.70b |
| Total assets | US$29.60b |
Recent financial health updates
Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
Oct 11
Is Parker-Hannifin (NYSE:PH) Using Too Much Debt?
Apr 26Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
Jan 08These 4 Measures Indicate That Parker-Hannifin (NYSE:PH) Is Using Debt Reasonably Well
Jun 28Recent updates
We Ran A Stock Scan For Earnings Growth And Parker-Hannifin (NYSE:PH) Passed With Ease
Nov 14Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
Oct 11Why Parker-Hannifin Corporation (NYSE:PH) Could Be Worth Watching
Sep 19Parker-Hannifin's (NYSE:PH) Returns On Capital Are Heading Higher
Sep 08Parker-Hannifin: The Swiss Army Knife Of Industrial Stocks
Aug 29An Intrinsic Calculation For Parker-Hannifin Corporation (NYSE:PH) Suggests It's 27% Undervalued
Aug 27Here's Why Parker-Hannifin (NYSE:PH) Has Caught The Eye Of Investors
Aug 05Parker-Hannifin Corporation's (NYSE:PH) Shares May Have Run Too Fast Too Soon
Jul 11Parker-Hannifin: Track Record Of Creating Value Makes This A Buy
Jun 10At US$532, Is It Time To Put Parker-Hannifin Corporation (NYSE:PH) On Your Watch List?
Jun 02Calculating The Intrinsic Value Of Parker-Hannifin Corporation (NYSE:PH)
May 21Parker-Hannifin (NYSE:PH) Has Announced That It Will Be Increasing Its Dividend To $1.63
Apr 29Is Parker-Hannifin (NYSE:PH) Using Too Much Debt?
Apr 26Parker-Hannifin: Valuation Is Now Flying Too High (Rating Downgrade)
Apr 02Parker-Hannifin Corporation's (NYSE:PH) Business Is Yet to Catch Up With Its Share Price
Apr 02Do Parker-Hannifin's (NYSE:PH) Earnings Warrant Your Attention?
Mar 21At US$531, Is It Time To Put Parker-Hannifin Corporation (NYSE:PH) On Your Watch List?
Feb 26Parker-Hannifin Q2: Strong Aerospace Growth Offset By Weak Industrial In FY24
Feb 06Estimating The Fair Value Of Parker-Hannifin Corporation (NYSE:PH)
Jan 20Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
Jan 08Parker-Hannifin: Re-Rating Nears Completion
Dec 29Parker-Hannifin Corporation's (NYSE:PH) Shareholders Might Be Looking For Exit
Dec 25If EPS Growth Is Important To You, Parker-Hannifin (NYSE:PH) Presents An Opportunity
Nov 28Parker-Hannifin: Tailwinds Already Priced In
Oct 19At US$379, Is It Time To Put Parker-Hannifin Corporation (NYSE:PH) On Your Watch List?
Oct 19Parker-Hannifin Corporation's (NYSE:PH) Intrinsic Value Is Potentially 34% Above Its Share Price
Sep 20Parker-Hannifin Is An Industrial Gem
Aug 14With EPS Growth And More, Parker-Hannifin (NYSE:PH) Makes An Interesting Case
Aug 07What Does Parker-Hannifin Corporation's (NYSE:PH) Share Price Indicate?
Jul 12These 4 Measures Indicate That Parker-Hannifin (NYSE:PH) Is Using Debt Reasonably Well
Jun 28Estimating The Fair Value Of Parker-Hannifin Corporation (NYSE:PH)
Jun 15Parker-Hannifin: Dominating A Fragmented $135 Billion Market
Jun 09Financial Position Analysis
Short Term Liabilities: PH's short term assets ($7.0B) do not cover its short term liabilities ($7.3B).
Long Term Liabilities: PH's short term assets ($7.0B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: PH's net debt to equity ratio (76.1%) is considered high.
Reducing Debt: PH's debt to equity ratio has reduced from 149.2% to 79% over the past 5 years.
Debt Coverage: PH's debt is well covered by operating cash flow (34.1%).
Interest Coverage: PH's interest payments on its debt are well covered by EBIT (8.6x coverage).