Applied Industrial Technologies (AIT)
Debt-to-assets ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,175,540 | 2,951,910 | 2,743,330 | 2,452,590 | 2,271,810 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,175,540K
= 0.00
The debt-to-assets ratio for Applied Industrial Technologies across the specified periods from June 30, 2021, through June 30, 2025, consistently remains at 0.00. This indicates that the company has maintained an absence of long-term and short-term debt relative to its total assets during this timeframe. Such a sustained ratio suggests that the company relies entirely on equity financing or its operations generate sufficient working capital without the need for leverage. The persistent zero ratio reflects a conservative financial structure with low financial risk stemming from debt obligations. This stability over multiple fiscal years highlights a strategic approach to capital management, potentially emphasizing operational cash flows and retained earnings over debt issuance.