Parker-Hannifin Corporation (PH)

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	13,682,000	13,391,000	13,118,600	12,891,900	12,072,000	11,590,900	11,302,600	10,565,400	10,326,900	9,781,300	9,322,380	8,762,520	8,848,010	8,959,870	8,755,080	8,490,780	8,398,310	7,392,200	7,105,980	6,528,960
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 + $13,682,000K)
= 0.00

The provided data indicates that Parker-Hannifin Corporation's debt-to-capital ratio has consistently been zero across multiple reporting periods, including statements as recent as June 30, 2025. This persistent zero value suggests that the company has maintained an equity-based capital structure without utilizing debt financing during these periods. Such a financial profile implies that the company has relied solely on shareholder equity to finance its assets, which typically indicates a conservative approach toward leverage. The absence of debt minimizes financial risk associated with interest obligations and debt covenants, potentially enhancing financial stability but possibly limiting growth opportunities that leverage can provide. Overall, the company's debt-to-capital ratio reflects a debt-free capital structure, emphasizing a strong equity position and stability in its financial leverage profile across the observed periods.