Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Parker-Hannifin Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Notes payable and long-term debt payable within one year
Accounts payable, trade
Accrued payrolls and other compensation
Accrued domestic and foreign taxes
Other accrued liabilities
Current liabilities
Long-term debt, excluding payable within one year
Pensions and other postretirement benefits
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Serial preferred stock, $.50 par value; none issued
Common stock, $.50 par value
Additional capital
Retained earnings
Accumulated other comprehensive loss
Treasury shares, at cost
Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The analyzed quarterly financial data reveals distinct patterns and trends in both the liability and equity components as a percentage of total liabilities and equity over the period covered.

Short-term Debt and Payables
The proportion of notes payable and long-term debt due within one year fluctuates, peaking notably in late 2021 before declining towards the end of 2022, indicating variable short-term debt obligations. Trade accounts payable maintain a somewhat stable share with minor variations, hovering mostly between 6% and 9%, with a modest decline during 2019 followed by recovery.
Accrued Liabilities
Accrued payroll and other compensation percentages trend downward gradually through the timeline with small intermittent increases, suggesting a reduction in accrued employee-related expenses relative to total liabilities and equity. Accrued taxes show a mild rising trend into early 2019 then fluctuate modestly without clear long-term direction. Other accrued liabilities remain relatively stable with minor fluctuations, though a noticeable spike occurs in late 2021 before reverting.
Current Liabilities
Current liabilities as a portion of total liabilities and equity generally remain in the 15% to 22% range, reflecting some volatility particularly around 2019 and end of 2021, where peaks correspond with increases in short-term debt and other accrued liabilities.
Long-term Debt
Long-term debt, excluding amounts payable within one year, shows significant oscillation. It rises sharply around early 2017 and remains relatively elevated through 2019 and into 2020. A declining trend follows through 2021 but surges again towards the end of 2022, indicating changes in long-term financing strategies or refinancing activities.
Postretirement Benefits and Deferred Taxes
The liabilities related to pensions and other postretirement benefits display a clear downward trend from a peak in 2016 through a substantial decline by late 2022, reflecting possible changes in benefit obligations or actuarial assumptions. Conversely, deferred income taxes exhibit more variability with some peaks in 2019 and particularly towards late 2022, suggesting shifts in tax liabilities or deferred tax asset/liability recognition.
Other Liabilities and Noncurrent Liabilities
Other liabilities are fairly stable overall but show increases towards late 2021 and an elevated level persisting into 2022. Noncurrent liabilities as a whole demonstrate a volatile pattern, with a peak in early 2017, followed by reductions and another notable rise towards the end of 2022, mirroring the patterns of long-term debt and deferred taxes.
Total Liabilities
Total liabilities as a share of total liabilities and equity generally vary between 58% and 70%, with higher levels observed in 2017 and late 2022. Periods of reduction notably occur around mid-2021, which later reverses, pointing to the dynamic nature of the company’s overall debt and obligation structure.
Equity Components
Common stock and additional capital percentages consistently decline over the time frame, suggesting possible stock buybacks or changes in capital structure. Retained earnings as a percentage also decline notably from 2016 to 2022, signaling impacts from earnings retention, distributions, or valuation changes.
The accumulated other comprehensive loss improves gradually, moving from a larger negative position in 2016 towards a lower negative balance by 2022, which may indicate reduced unrealized losses or improved actuarial valuations.
Treasury shares consistently reduce liability and equity percentages over time, implying ongoing repurchase of shares or accounting changes related to treasury stock.
Overall shareholders’ equity demonstrates a general downward trend from 2016 through most of the period until a recovery begins around 2020 and continues until mid-2021, followed by another decline towards the end of 2022. This fluctuation reflects the interplay of retained earnings, treasury shares, and capital accounts.
Total Equity and Total Liabilities and Equity
Total equity’s share of the capital structure exhibits inverse movement relative to total liabilities, declining during times of higher liabilities and recovering when liabilities diminish. The sum of total liabilities and equity remains consistently at 100%, as expected by definition.

In summary, the data presents a company managing variable short-term and long-term liabilities, with notable fluctuations in debt composition and obligations. Equity components underpinning retained earnings and capital accounts experience gradual erosion interspersed with periods of stabilization or recovery. The shifts in deferred taxes, postretirement benefit liabilities, and treasury shares point to active management of both financing and accounting positions over the time examined.