Stock Analysis on Net
AI Tokens
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

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

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 6.53 5.76 6.65 8.53 9.83 1.49 0.01 0.94 3.08 4.47 4.10 5.08 7.62 8.88 3.34 6.57 7.48 5.17 4.17 6.50 7.82 7.27 6.51 5.06 4.96 4.98
Accounts payable, trade 6.44 6.74 6.68 7.68 7.13 8.09 8.20 7.82 6.77 6.39 5.63 6.98 6.23 6.58 8.04 9.20 8.54 9.11 9.34 8.48 7.70 8.29 8.40 7.89 8.50 8.50
Accrued payrolls and other compensation 1.48 1.54 1.81 1.86 1.50 1.69 2.49 2.17 1.74 1.68 2.15 2.04 1.77 1.59 2.43 2.47 2.09 2.07 2.79 2.41 2.05 2.09 2.81 2.45 2.30 2.35
Accrued domestic and foreign taxes 0.77 0.77 0.96 1.22 1.31 1.38 1.16 1.03 1.10 0.99 0.99 0.74 0.79 0.96 0.95 1.20 1.19 1.55 1.30 1.11 1.02 1.10 0.99 1.04 1.07 0.95
Other accrued liabilities 3.45 3.55 6.49 4.68 3.70 3.58 3.35 3.35 3.47 3.29 3.08 3.19 3.03 3.24 3.17 3.49 3.63 3.56 3.28 3.11 3.56 3.28 3.21 3.45 3.84 4.05
Current liabilities 18.69% 18.36% 22.58% 23.98% 23.48% 16.22% 15.22% 15.30% 16.17% 16.82% 15.95% 18.04% 19.44% 21.24% 17.93% 22.93% 22.92% 21.45% 20.87% 21.61% 22.16% 22.04% 21.92% 19.89% 20.67% 20.84%
Long-term debt, excluding payable within one year 39.40 40.86 37.60 27.63 27.91 30.95 32.36 33.12 33.30 35.67 38.77 39.76 38.69 37.65 37.10 27.68 28.11 27.96 28.19 29.68 30.06 30.44 31.39 34.29 22.62 22.16
Pensions and other postretirement benefits 2.64 2.57 2.47 4.01 4.29 4.93 5.19 8.96 9.30 9.42 9.56 6.48 6.50 6.45 7.42 5.78 6.13 6.22 7.69 8.32 8.54 8.85 9.08 11.66 15.06 15.09
Deferred income taxes 5.74 5.94 1.18 1.99 2.50 2.81 2.72 2.10 2.12 2.09 1.94 2.44 2.71 0.91 1.10 1.79 1.87 1.72 1.53 0.70 0.86 1.35 1.43 1.04 0.43 0.46
Other liabilities 2.94 2.99 2.01 2.59 2.68 3.05 3.14 3.18 3.19 2.92 2.73 2.30 2.53 2.56 2.49 2.95 2.94 3.06 3.43 3.51 3.82 2.17 2.18 2.13 2.60 2.60
Noncurrent liabilities 50.73% 52.35% 43.27% 36.22% 37.37% 41.74% 43.41% 47.36% 47.90% 50.10% 53.00% 50.99% 50.42% 47.57% 48.11% 38.20% 39.05% 38.96% 40.84% 42.20% 43.27% 42.80% 44.07% 49.13% 40.70% 40.32%
Total liabilities 69.42% 70.71% 65.85% 60.20% 60.85% 57.97% 58.64% 62.66% 64.08% 66.92% 68.95% 69.03% 69.86% 68.81% 66.05% 61.13% 61.97% 60.41% 61.71% 63.81% 65.43% 64.84% 65.99% 69.02% 61.38% 61.15%
Serial preferred stock, $.50 par value; none issued 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 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.50 par value 0.30 0.30 0.35 0.40 0.40 0.45 0.45 0.46 0.46 0.46 0.46 0.44 0.43 0.46 0.52 0.58 0.59 0.59 0.59 0.56 0.57 0.58 0.58 0.59 0.77 0.76
Additional capital 1.24 1.20 1.26 1.61 1.54 1.77 1.62 1.89 1.94 2.16 2.11 2.22 2.17 2.37 2.63 3.42 3.41 3.26 3.24 3.25 3.34 3.36 3.51 3.77 5.09 5.17
Retained earnings 52.76 53.01 60.37 69.66 69.16 75.28 73.33 72.73 70.97 69.44 68.55 65.54 62.22 66.45 72.70 80.29 79.14 77.16 75.89 70.05 69.50 70.74 70.56 69.98 90.18 87.10
Accumulated other comprehensive loss -4.85 -6.16 -5.95 -6.79 -6.90 -7.93 -7.70 -10.87 -10.75 -12.07 -12.96 -10.78 -9.25 -10.89 -11.71 -11.17 -11.73 -11.51 -11.51 -10.16 -11.07 -11.60 -12.42 -14.96 -20.55 -18.26
Treasury shares, at cost -18.90 -19.11 -21.93 -25.14 -25.11 -27.61 -26.40 -26.95 -26.79 -26.99 -27.18 -26.51 -25.49 -27.24 -30.21 -34.29 -33.42 -29.94 -29.96 -27.55 -27.80 -27.95 -28.27 -28.44 -36.90 -35.95
Shareholders’ equity 30.54% 29.25% 34.10% 39.74% 39.09% 41.96% 41.29% 37.26% 35.84% 33.00% 30.98% 30.92% 30.08% 31.16% 33.92% 38.83% 37.99% 39.56% 38.25% 36.15% 34.53% 35.12% 33.97% 30.94% 38.59% 38.82%
Noncontrolling interests 0.04 0.04 0.05 0.06 0.06 0.07 0.08 0.08 0.08 0.08 0.07 0.06 0.06 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03
Total equity 30.58% 29.29% 34.15% 39.80% 39.15% 42.03% 41.36% 37.34% 35.92% 33.08% 31.05% 30.97% 30.14% 31.19% 33.95% 38.87% 38.03% 39.59% 38.29% 36.19% 34.57% 35.16% 34.01% 30.98% 38.62% 38.85%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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 capital structure exhibits a consistent reliance on liabilities, which generally fluctuate between 58% and 71% of total liabilities and equity throughout the observed period. A notable shift in the composition of these liabilities is evident, characterized by a transition from pension-related obligations toward increased long-term debt.

Current Liability Trends
Current liabilities maintained a range between 15.22% and 23.98% of the total balance sheet. Accounts payable remained relatively stable, generally oscillating between 6% and 9%. Notes payable and short-term debt showed higher volatility, dropping to near zero in mid-2021 before rebounding to 6.53% by December 2022, suggesting periodic shifts in short-term financing strategies.
Noncurrent Liability Dynamics
Long-term debt, excluding the portion due within one year, increased significantly from 22.16% in September 2016 to a peak of 40.86% in June 2022. Conversely, pensions and other postretirement benefits experienced a sustained decline, falling from 15.09% in September 2016 to 2.64% by December 2022. This indicates a structural shift in long-term obligations, where traditional debt has replaced pension liabilities as the primary noncurrent liability.
Equity Composition and Volatility
Total equity fluctuated between 29.29% and 42.03%. Retained earnings showed a marked downward trend, decreasing from 87.10% in September 2016 to 52.76% by December 2022. This decline is partially offset by a reduction in the magnitude of treasury shares, which moved from -35.95% to -18.90%, and a decrease in accumulated other comprehensive losses, which improved from -20.55% to -4.85% over the same period.
Overall Solvency and Leverage
The organization maintains a leveraged position, with total liabilities consistently exceeding total equity. The peak liability ratio occurred in September 2022 at 70.71%, coinciding with a period of increased long-term debt. The interaction between rising long-term debt and falling equity suggests a strategic pivot toward debt-funded operations or capital returns to shareholders.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?