Applied Industrial Technologies (AIT)

Debt-to-assets ratio

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 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
Long-term debt US$ in thousands
Total assets US$ in thousands 3,175,540 3,115,660 3,044,640 3,003,210 2,951,910 2,854,940 2,782,760 2,750,510 2,743,330 2,608,640 2,522,900 2,474,170 2,452,590 2,383,570 2,225,710 2,303,180 2,271,810 2,305,390 2,241,020 2,249,250
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 data indicates that Applied Industrial Technologies maintained a debt-to-assets ratio of zero across all reported periods from September 30, 2020, through June 30, 2025. This consistent ratio of zero signifies that the company did not have any debt obligations during this timeframe relative to its total assets. Such a financial structure suggests a predominantly equity-financed capital structure, with no reliance on debt liabilities for asset funding. The absence of debt reduces financial leverage and associated risk exposures, potentially reflecting a conservative financial strategy focused on maintaining a debt-free balance sheet.