Applied Industrial Technologies (Applied Industrial Technologies) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Applied Industrial Technologies Debt-to-Equity?

Applied Industrial Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25 Mil. Applied Industrial Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $572 Mil. Applied Industrial Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,608 Mil. Applied Industrial Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Applied Industrial Technologies's Debt-to-Equity or its related term are showing as below:

AIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.53 Max: 1.29
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Applied Industrial Technologies was 1.29. The lowest was 0.04. And the median was 0.53.

AIT's Debt-to-Equity is ranked better than
60.15% of 133 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs AIT: 0.37

Applied Industrial Technologies Debt-to-Equity Historical Data

The historical data trend for Applied Industrial Technologies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Applied Industrial Technologies Debt-to-Equity Chart

Applied Industrial Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.07

1.11

0.89

0.60

0.43

Applied Industrial Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.45	0.43	0.41	0.37

Competitive Comparison of Applied Industrial Technologies's Debt-to-Equity

For the Industrial Distribution subindustry, Applied Industrial Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Applied Industrial Technologies's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Applied Industrial Technologies's Debt-to-Equity falls into.

Applied Industrial Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Applied Industrial Technologies's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(25.17	+	596.926)	/	1458.437
	=	0.43

Applied Industrial Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(25.159	+	571.854)	/	1608.028
	=	0.37

Applied Industrial Technologies (NYSE:AIT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Applied Industrial Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Applied Industrial Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Applied Industrial Technologies (Applied Industrial Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Applied Industrial Technologies Inc (NYSE:AIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AT4:Germany

Address

1 Applied Plaza, Cleveland, OH, USA, 44115

Website

https://www.applied.com

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.

Executives

Neil A Schrimsher	director, officer: President and CEO	ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace	director	C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Hoffner Warren E Iii	officer: VP-General Mgr, Fluid Power	ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring	officer: VP-Chief HR Officer	ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall	director	4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Jon S Ploetz	officer: VP-General Counsel & Secretary	ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer	officer: VP-General Counsel & Secretary	ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella	director
Shelly Marie Chadwick	director	6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey	other: Corporate Controller	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman	director
Jason W Vasquez	officer: VP-Sales & Marketing-USSC	ONE APPLIED PLAZA, CLEVELAND OH 44115
Jerry Sue Thornton	director	C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews	director	2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118