Analysis of Debt

Parker-Hannifin Corp., balance sheet: debt

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Notes payable and long-term debt payable within one year	1,724,310)	2,824)	809,529)	587,014)	638,466)	1,008,465)
Long-term debt, excluding payable within one year	9,755,825)	6,582,053)	7,652,256)	6,520,831)	4,318,559)	4,861,895)
Total notes payable and long-term debt (carrying amount)	11,480,135)	6,584,877)	8,461,785)	7,107,845)	4,957,025)	5,870,360)

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Debt item	Description	The company
Total notes payable and long-term debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Parker-Hannifin Corp. total debt decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

	Jun 30, 2022
Selected Financial Data (US$ in thousands)
Short-term commercial paper notes	1,422,030)
Borrowings from foreign banks	—)
Long-term debt	9,709,407)
Total notes payable and long-term debt (fair value)	11,131,437)
Financial Ratio
Debt, fair value to carrying amount ratio	0.97

Weighted-average interest rate on debt: 4.14%

Interest rate	Debt amount¹	Interest rate × Debt amount
0.70%	1,422,030)	9,954)
6.25%	2,125,000)	132,813)
4.50%	7,275,000)	327,375)
1.13%	733,950)	8,257)
Total	11,555,980)	478,399)
4.14%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 478,399 ÷ 11,555,980 = 4.14%

Parker-Hannifin Corp. (NYSE:PH)