Parker Hannifin (WBO:PH) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Parker Hannifin LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Parker Hannifin's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Parker Hannifin's long-term debt to total assets ratio declined from Sep. 2023 (0.29) to Sep. 2024 (0.23). It may suggest that Parker Hannifin is progressively becoming less dependent on debt to grow their business.

Parker Hannifin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Parker Hannifin's LT-Debt-to-Total-Asset 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.

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Parker Hannifin LT-Debt-to-Total-Asset Chart

Parker Hannifin Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.39

0.32

0.38

0.29

0.24

Parker Hannifin Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.27	0.25	0.24	0.23

Parker Hannifin LT-Debt-to-Total-Asset Calculation

Parker Hannifin's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	6648.885	/	27217.695
	=	0.24

Parker Hannifin's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6012.646	/	26670.352
	=	0.23

Parker Hannifin (WBO:PH) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Parker Hannifin LT-Debt-to-Total-Asset Related Terms

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Parker Hannifin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (WBO:PH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PH:USA 1PH:Italy 0KFZ:UK PAR:Germany PAR:Germany PAR:Germany P1HC34:Brazil

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

https://www.parker.com

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.