Parker-Hannifin Corporation (PH)
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 | 29,494,000 | 29,297,800 | 29,964,500 | 25,943,900 | 20,341,200 |
| 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 ÷ $29,494,000K
= 0.00
The debt-to-assets ratio for Parker-Hannifin Corporation has consistently been reported as 0.00 across all the specified fiscal periods from June 30, 2021, through June 30, 2025. This indicates that, during these periods, the company did not report any debt relative to its total assets. A debt-to-assets ratio of zero suggests that the company's assets are entirely financed through equity or other non-debt sources, reflecting a potentially conservative financial structure with minimal or no leverage. Such a stable and low ratio over multiple years may imply a strategic choice to avoid debt financing, thereby reducing financial risk and interest obligations. However, it is also essential to consider that this ratio alone does not provide insight into the company's overall financial health or operational performance, and it should be analyzed in conjunction with other financial metrics for a comprehensive assessment.
Peer comparison
Jun 30, 2025