Parker-Hannifin Corporation (PH)

Current ratio

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	6,798,620	6,942,560	6,729,860	6,829,600	6,834,230	7,233,410	7,285,000	7,167,830	12,046,600	8,229,690	7,907,650	5,631,270	5,616,750	5,049,050	4,799,680	4,869,480	5,034,770	5,481,430	5,661,150	8,138,080
Total current liabilities	US$ in thousands	7,313,310	7,994,370	7,497,070	7,667,060	7,735,370	5,788,170	5,703,400	5,498,710	5,859,320	5,406,660	5,257,490	3,283,240	3,096,500	3,036,650	3,207,080	3,328,220	3,148,370	3,673,610	4,091,120	4,157,330
Current ratio		0.93	0.87	0.90	0.89	0.88	1.25	1.28	1.30	2.06	1.52	1.50	1.72	1.81	1.66	1.50	1.46	1.60	1.49	1.38	1.96

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,798,620K ÷ $7,313,310K
= 0.93

The current ratio of Parker-Hannifin Corporation has displayed some fluctuation over the past few quarters, indicating the company's ability to meet its short-term obligations with its current assets.

The current ratio was 0.93 as of June 30, 2024, which suggests that the company may have had some difficulty covering its current liabilities with its current assets during that period. This ratio had declined from the previous quarter, where it stood at 0.87 as of March 31, 2024, indicating a further strain on the company's liquidity position.

Comparing the current ratio trend over the last few quarters, it is evident that Parker-Hannifin Corporation has seen a decline in its current ratio since the peak of 2.06 as of June 30, 2022. The company's current ratio has been below 1 in several recent quarters, which may raise concerns about its short-term liquidity position.

It is important for stakeholders to closely monitor Parker-Hannifin Corporation's current ratio and assess the effectiveness of its working capital management strategies to ensure the company can meet its short-term obligations efficiently.