Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Paying user area
Try for free
Parker-Hannifin Corp. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Parker-Hannifin Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Solvency Ratios (Summary)
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Parker-Hannifin Corp. debt to equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Parker-Hannifin Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Parker-Hannifin Corp. debt to capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Parker-Hannifin Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Parker-Hannifin Corp. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Parker-Hannifin Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Parker-Hannifin Corp. financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Parker-Hannifin Corp. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Parker-Hannifin Corp. fixed charge coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Equity
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Shareholders’ equity | |||||||
Solvency Ratio | |||||||
Debt to equity1 | |||||||
Benchmarks | |||||||
Debt to Equity, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Equity, Sector | |||||||
Capital Goods | |||||||
Debt to Equity, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Parker-Hannifin Corp. debt to equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Equity (including Operating Lease Liability)
Parker-Hannifin Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Current operating lease liabilities (included within Other accrued liabilities) | |||||||
Long-term operating lease liabilities (included within Other liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Shareholders’ equity | |||||||
Solvency Ratio | |||||||
Debt to equity (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Equity (including Operating Lease Liability), Sector | |||||||
Capital Goods | |||||||
Debt to Equity (including Operating Lease Liability), Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Parker-Hannifin Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Capital
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Shareholders’ equity | |||||||
Total capital | |||||||
Solvency Ratio | |||||||
Debt to capital1 | |||||||
Benchmarks | |||||||
Debt to Capital, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Capital, Sector | |||||||
Capital Goods | |||||||
Debt to Capital, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Parker-Hannifin Corp. debt to capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Capital (including Operating Lease Liability)
Parker-Hannifin Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Current operating lease liabilities (included within Other accrued liabilities) | |||||||
Long-term operating lease liabilities (included within Other liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Shareholders’ equity | |||||||
Total capital (including operating lease liability) | |||||||
Solvency Ratio | |||||||
Debt to capital (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Capital (including Operating Lease Liability), Sector | |||||||
Capital Goods | |||||||
Debt to Capital (including Operating Lease Liability), Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Parker-Hannifin Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Assets
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets1 | |||||||
Benchmarks | |||||||
Debt to Assets, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Assets, Sector | |||||||
Capital Goods | |||||||
Debt to Assets, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Parker-Hannifin Corp. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Parker-Hannifin Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Notes payable and long-term debt payable within one year | |||||||
Long-term debt, excluding payable within one year | |||||||
Total debt | |||||||
Current operating lease liabilities (included within Other accrued liabilities) | |||||||
Long-term operating lease liabilities (included within Other liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Debt to Assets (including Operating Lease Liability), Sector | |||||||
Capital Goods | |||||||
Debt to Assets (including Operating Lease Liability), Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Parker-Hannifin Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Financial Leverage
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Total assets | |||||||
Shareholders’ equity | |||||||
Solvency Ratio | |||||||
Financial leverage1 | |||||||
Benchmarks | |||||||
Financial Leverage, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Financial Leverage, Sector | |||||||
Capital Goods | |||||||
Financial Leverage, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Parker-Hannifin Corp. financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level. |
Interest Coverage
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net income attributable to common shareholders | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Solvency Ratio | |||||||
Interest coverage1 | |||||||
Benchmarks | |||||||
Interest Coverage, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Interest Coverage, Sector | |||||||
Capital Goods | |||||||
Interest Coverage, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Parker-Hannifin Corp. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Fixed Charge Coverage
Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net income attributable to common shareholders | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Add: Operating lease expense | |||||||
Earnings before fixed charges and tax | |||||||
Interest expense | |||||||
Operating lease expense | |||||||
Fixed charges | |||||||
Solvency Ratio | |||||||
Fixed charge coverage1 | |||||||
Benchmarks | |||||||
Fixed Charge Coverage, Competitors2 | |||||||
Boeing Co. | |||||||
Caterpillar Inc. | |||||||
Eaton Corp. plc | |||||||
GE Aerospace | |||||||
Honeywell International Inc. | |||||||
Lockheed Martin Corp. | |||||||
RTX Corp. | |||||||
Fixed Charge Coverage, Sector | |||||||
Capital Goods | |||||||
Fixed Charge Coverage, Industry | |||||||
Industrials |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Parker-Hannifin Corp. fixed charge coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |