Applied Industrial Technologies (AIT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,844,520 | 1,827,480 | 1,793,510 | 1,752,080 | 1,688,780 | 1,669,020 | 1,608,030 | 1,536,120 | 1,458,440 | 1,380,660 | 1,295,880 | 1,221,440 | 1,149,360 | 1,098,390 | 1,021,690 | 976,570 | 932,546 | 934,907 | 880,707 | 885,406 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,844,520K)
= 0.00
The data indicates that Applied Industrial Technologies maintained a debt-to-capital ratio of zero at all observed points from September 30, 2020, through June 30, 2025. This consistent zero value suggests that the company has not employed any long-term or short-term debt financing during this period, relying entirely on equity or other non-debt sources for its capital structure. The absence of debt implies a conservative financial leverage position, potentially reflecting a strategic choice to operate without leverage or a situation where the company has not undertaken new debt obligations. Overall, the firm's capital structure remains debt-free over the analyzed timeframe.