Parker-Hannifin Balance Sheet Health
Financial Health criteria checks 2/6
Parker-Hannifin has a total shareholder equity of $11.3B and total debt of $11.8B, which brings its debt-to-equity ratio to 104.2%. Its total assets and total liabilities are $29.7B and $18.4B respectively. Parker-Hannifin's EBIT is $4.1B making its interest coverage ratio 7.3. It has cash and short-term investments of $393.9M.
Key information
104.2%
Debt to equity ratio
US$11.79b
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$393.87m |
| Equity | US$11.31b |
| Total liabilities | US$18.38b |
| Total assets | US$29.69b |
Recent financial health updates
Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
Jan 08
These 4 Measures Indicate That Parker-Hannifin (NYSE:PH) Is Using Debt Reasonably Well
Jun 28Here's Why Parker-Hannifin (NYSE:PH) Can Manage Its Debt Responsibly
Mar 21Is Parker-Hannifin (NYSE:PH) A Risky Investment?
Dec 20Is Parker-Hannifin (NYSE:PH) Using Too Much Debt?
Sep 06Recent updates
Parker-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 09What Does Parker-Hannifin Corporation's (NYSE:PH) Share Price Indicate?
Apr 03Here's Why Parker-Hannifin (NYSE:PH) Can Manage Its Debt Responsibly
Mar 21A Look At The Fair Value Of Parker-Hannifin Corporation (NYSE:PH)
Mar 08Parker-Hannifin: Dividend King With Massive Upside Potential
Feb 17Parker-Hannifin declares $1.33 dividend
Jan 26Is Parker-Hannifin Corporation (NYSE:PH) Potentially Undervalued?
Jan 03Parker-Hannifin Remains Highly Attractive
Dec 23Is Parker-Hannifin (NYSE:PH) A Risky Investment?
Dec 20Parker-Hannifin Q1 2023 Earnings Preview
Nov 02We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Parker-Hannifin Corporation's (NYSE:PH) CEO For Now
Oct 20Parker-Hannifin: Don't Fear The Downside, Take Advantage
Oct 12Broker Revenue Forecasts For Parker-Hannifin Corporation (NYSE:PH) Are Surging Higher
Sep 24Should You Think About Buying Parker-Hannifin Corporation (NYSE:PH) Now?
Sep 21Parker Aerospace selected by Boeing to power the B-52H Stratofortress hydraulic system
Sep 20Is Parker-Hannifin (NYSE:PH) Using Too Much Debt?
Sep 06Parker-Hannifin declares $1.33 dividend
Aug 18Financial Position Analysis
Short Term Liabilities: PH's short term assets ($6.7B) do not cover its short term liabilities ($7.5B).
Long Term Liabilities: PH's short term assets ($6.7B) do not cover its long term liabilities ($10.9B).
Debt to Equity History and Analysis
Debt Level: PH's net debt to equity ratio (100.7%) is considered high.
Reducing Debt: PH's debt to equity ratio has increased from 93.6% to 104.2% over the past 5 years.
Debt Coverage: PH's debt is well covered by operating cash flow (27.6%).
Interest Coverage: PH's interest payments on its debt are well covered by EBIT (7.3x coverage).