Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Analysis of Liquidity Ratios 
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Parker-Hannifin Corp., liquidity ratios (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Current ratio 1.28 1.30 2.06 1.52 1.50 1.72 1.81 1.66 1.50 1.46 1.55 1.49 1.38 1.96 2.43 1.56 1.52 1.60 1.59 1.59 1.49 1.44 1.41 1.52 2.16 2.12
Quick ratio 0.65 0.64 0.59 0.59 0.54 0.90 1.06 0.97 0.85 0.87 0.91 0.89 0.83 1.49 1.84 1.02 0.95 1.02 1.04 1.04 0.93 0.91 0.92 0.97 1.60 1.56
Cash ratio 0.14 0.09 0.10 0.09 0.09 0.16 0.25 0.17 0.19 0.23 0.24 0.22 0.27 0.94 1.07 0.33 0.31 0.30 0.27 0.34 0.32 0.28 0.27 0.28 0.91 0.86

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Parker-Hannifin Corp. current ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Parker-Hannifin Corp. quick ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Parker-Hannifin Corp. cash ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Current Ratio

Parker-Hannifin Corp., current ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Selected Financial Data (US$ in thousands)
Current assets 7,285,000 7,167,827 12,046,644 8,229,694 7,907,649 5,631,274 5,616,750 5,049,053 4,799,679 4,869,484 4,885,204 5,481,426 5,661,151 8,138,079 7,673,086 5,537,791 5,334,736 5,298,082 5,085,238 5,563,096 5,286,359 5,004,618 4,779,718 4,619,154 5,247,839 5,281,878
Current liabilities 5,703,403 5,498,708 5,859,318 5,406,664 5,257,491 3,283,243 3,096,503 3,036,647 3,207,083 3,328,223 3,148,373 3,673,609 4,091,122 4,157,328 3,151,773 3,548,950 3,508,934 3,308,521 3,197,483 3,508,517 3,537,703 3,467,124 3,395,860 3,048,441 2,425,474 2,494,238
Liquidity Ratio
Current ratio1 1.28 1.30 2.06 1.52 1.50 1.72 1.81 1.66 1.50 1.46 1.55 1.49 1.38 1.96 2.43 1.56 1.52 1.60 1.59 1.59 1.49 1.44 1.41 1.52 2.16 2.12
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.17 1.16 1.22 1.22 1.25 1.30 1.33 1.36 1.35 1.33 1.39 1.42 1.41 1.17 1.05 1.11 1.03 1.07
Caterpillar Inc. 1.33 1.43 1.39 1.41 1.45 1.44 1.46 1.61 1.56 1.60 1.53 1.54 1.50 1.42 1.47 1.44 1.43 1.43
Eaton Corp. plc 1.53 1.50 1.38 1.28 0.97 0.99 1.04 1.27 1.10 1.51 1.56 1.49 1.50 1.75 1.70 1.72 1.83 1.47
GE Aerospace 1.25 1.25 1.16 1.10 1.13 1.19 1.28 1.80 1.81 1.96 1.58 1.27 1.22 1.14 0.99 1.07 1.11 1.13
Honeywell International Inc. 1.41 1.26 1.25 1.24 1.20 1.21 1.30 1.29 1.41 1.43 1.47 1.64 1.63 1.30 1.34 1.31 1.19 1.24
Lockheed Martin Corp. 1.36 1.30 1.32 1.28 1.27 1.27 1.42 1.42 1.36 1.38 1.39 1.33 1.31 1.23 1.22 1.28 1.20 1.17
RTX Corp. 1.10 1.13 1.09 1.09 1.10 1.16 1.19 1.23 1.17 1.17 1.21 1.22 1.20 1.23 1.08 1.06 1.05 1.13

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

1 Q2 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,285,000 ÷ 5,703,403 = 1.28

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Parker-Hannifin Corp. current ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Quick Ratio

Parker-Hannifin Corp., quick ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 756,055 502,307 535,799 467,711 449,481 478,582 733,117 489,600 564,734 742,394 685,514 697,617 948,355 3,627,393 3,219,767 1,098,729 1,047,385 952,122 822,137 1,089,529 1,024,770 874,766 884,886 819,563 1,520,736 1,393,850
Marketable securities and other investments 21,611 19,504 27,862 38,561 40,511 40,160 39,116 40,270 43,314 33,463 70,805 92,536 145,120 282,102 150,931 70,190 30,956 40,787 32,995 101,206 107,976 99,792 39,318 36,758 684,299 746,708
Trade accounts receivable, net 2,578,045 2,649,166 2,341,504 2,357,244 2,041,953 2,109,648 2,183,594 2,118,437 1,816,731 1,860,324 1,854,398 2,174,425 1,973,187 1,983,242 2,131,054 2,117,103 1,938,709 2,065,158 2,145,517 2,146,408 1,857,282 1,922,288 1,930,751 1,869,303 1,411,074 1,498,384
Non-trade and notes receivable 371,474 374,177 543,757 327,186 314,897 315,571 326,315 309,568 312,590 273,991 244,870 322,187 319,126 288,762 310,708 317,412 324,254 312,162 328,399 328,111 313,221 266,421 254,987 235,924 256,545 250,520
Total quick assets 3,727,185 3,545,154 3,448,922 3,190,702 2,846,842 2,943,961 3,282,142 2,957,875 2,737,369 2,910,172 2,855,587 3,286,765 3,385,788 6,181,499 5,812,460 3,603,434 3,341,304 3,370,229 3,329,048 3,665,254 3,303,249 3,163,267 3,109,942 2,961,548 3,872,654 3,889,462
 
Current liabilities 5,703,403 5,498,708 5,859,318 5,406,664 5,257,491 3,283,243 3,096,503 3,036,647 3,207,083 3,328,223 3,148,373 3,673,609 4,091,122 4,157,328 3,151,773 3,548,950 3,508,934 3,308,521 3,197,483 3,508,517 3,537,703 3,467,124 3,395,860 3,048,441 2,425,474 2,494,238
Liquidity Ratio
Quick ratio1 0.65 0.64 0.59 0.59 0.54 0.90 1.06 0.97 0.85 0.87 0.91 0.89 0.83 1.49 1.84 1.02 0.95 1.02 1.04 1.04 0.93 0.91 0.92 0.97 1.60 1.56
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.28 0.29 0.32 0.29 0.28 0.29 0.34 0.38 0.38 0.37 0.41 0.42 0.47 0.30 0.23 0.28 0.25 0.26
Caterpillar Inc. 0.74 0.79 0.79 0.78 0.81 0.84 0.89 1.00 1.02 1.08 1.02 1.01 0.98 0.91 0.98 0.93 0.94 0.91
Eaton Corp. plc 0.85 0.78 0.73 0.65 0.50 0.51 0.54 0.69 0.44 0.66 0.68 0.63 0.57 0.68 0.78 0.99 1.07 0.82
GE Aerospace 0.84 0.86 0.81 0.73 0.75 0.82 0.93 0.90 0.90 1.06 1.27 1.01 0.97 0.91 0.69 0.65 0.71 0.73
Honeywell International Inc. 0.98 0.84 0.88 0.85 0.82 0.84 0.94 0.96 1.06 1.08 1.15 1.27 1.26 0.93 0.99 1.00 0.87 0.92
Lockheed Martin Corp. 1.14 1.07 1.09 1.06 1.03 1.03 1.15 1.18 1.10 1.09 1.05 1.08 1.04 0.96 0.93 1.03 0.93 0.93
RTX Corp. 0.68 0.71 0.69 0.70 0.71 0.76 0.81 0.82 0.79 0.79 0.78 0.84 0.75 0.81 0.73 0.71 0.70 0.75

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

1 Q2 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,727,185 ÷ 5,703,403 = 0.65

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Parker-Hannifin Corp. quick ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Cash Ratio

Parker-Hannifin Corp., cash ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 756,055 502,307 535,799 467,711 449,481 478,582 733,117 489,600 564,734 742,394 685,514 697,617 948,355 3,627,393 3,219,767 1,098,729 1,047,385 952,122 822,137 1,089,529 1,024,770 874,766 884,886 819,563 1,520,736 1,393,850
Marketable securities and other investments 21,611 19,504 27,862 38,561 40,511 40,160 39,116 40,270 43,314 33,463 70,805 92,536 145,120 282,102 150,931 70,190 30,956 40,787 32,995 101,206 107,976 99,792 39,318 36,758 684,299 746,708
Total cash assets 777,666 521,811 563,661 506,272 489,992 518,742 772,233 529,870 608,048 775,857 756,319 790,153 1,093,475 3,909,495 3,370,698 1,168,919 1,078,341 992,909 855,132 1,190,735 1,132,746 974,558 924,204 856,321 2,205,035 2,140,558
 
Current liabilities 5,703,403 5,498,708 5,859,318 5,406,664 5,257,491 3,283,243 3,096,503 3,036,647 3,207,083 3,328,223 3,148,373 3,673,609 4,091,122 4,157,328 3,151,773 3,548,950 3,508,934 3,308,521 3,197,483 3,508,517 3,537,703 3,467,124 3,395,860 3,048,441 2,425,474 2,494,238
Liquidity Ratio
Cash ratio1 0.14 0.09 0.10 0.09 0.09 0.16 0.25 0.17 0.19 0.23 0.24 0.22 0.27 0.94 1.07 0.33 0.31 0.30 0.27 0.34 0.32 0.28 0.27 0.28 0.91 0.86
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.15 0.16 0.19 0.16 0.14 0.15 0.20 0.23 0.24 0.24 0.29 0.29 0.35 0.16 0.10 0.12 0.10 0.09
Caterpillar Inc. 0.21 0.21 0.22 0.21 0.21 0.22 0.31 0.36 0.39 0.43 0.36 0.37 0.35 0.27 0.31 0.29 0.27 0.26
Eaton Corp. plc 0.20 0.09 0.09 0.08 0.07 0.06 0.08 0.11 0.06 0.20 0.19 0.13 0.09 0.08 0.12 0.18 0.18 0.08
GE Aerospace 0.49 0.52 0.44 0.35 0.37 0.44 0.54 0.52 0.50 0.67 0.78 0.70 0.70 0.67 0.47 0.41 0.44 0.47
Honeywell International Inc. 0.51 0.40 0.51 0.44 0.43 0.49 0.59 0.60 0.68 0.71 0.79 0.87 0.87 0.51 0.58 0.62 0.50 0.55
Lockheed Martin Corp. 0.21 0.14 0.16 0.15 0.11 0.12 0.26 0.18 0.18 0.20 0.23 0.24 0.19 0.13 0.11 0.16 0.08 0.06
RTX Corp. 0.13 0.15 0.16 0.14 0.13 0.17 0.22 0.22 0.23 0.24 0.25 0.28 0.20 0.25 0.21 0.21 0.19 0.20

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

1 Q2 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 777,666 ÷ 5,703,403 = 0.14

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Parker-Hannifin Corp. cash ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.