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 08Recent updates
There's Been No Shortage Of Growth Recently For Parker-Hannifin's (NYSE:PH) Returns On Capital
Dec 17Estimating The Fair Value Of Parker-Hannifin Corporation (NYSE:PH)
Dec 06Unpleasant Surprises Could Be In Store For Parker-Hannifin Corporation's (NYSE:PH) Shares
Nov 25We 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 25Parker-Hannifin: Tailwinds Already Priced In
Oct 19Parker-Hannifin Is An Industrial Gem
Aug 14Parker-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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 15:58 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parker-Hannifin Corporation is covered by 42 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Igor Maryasis | Aegis Capital Corporation |
| John Eade | Argus Research Company |
| Mircea Dobre | Baird |