Current Ratio
since 2005
Calculation
Parker-Hannifin Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 30, 2022 | 2.06 | = | 12,046,644) | ÷ | 5,859,318) |
| Jun 30, 2021 | 1.81 | = | 5,616,750) | ÷ | 3,096,503) |
| Jun 30, 2020 | 1.55 | = | 4,885,204) | ÷ | 3,148,373) |
| Jun 30, 2019 | 2.43 | = | 7,673,086) | ÷ | 3,151,773) |
| Jun 30, 2018 | 1.59 | = | 5,085,238) | ÷ | 3,197,483) |
| Jun 30, 2017 | 1.41 | = | 4,779,718) | ÷ | 3,395,860) |
| Jun 30, 2016 | 2.20 | = | 5,207,787) | ÷ | 2,365,941) |
| Jun 30, 2015 | 2.38 | = | 5,583,092) | ÷ | 2,350,130) |
| Jun 30, 2014 | 1.87 | = | 6,071,580) | ÷ | 3,252,796) |
| Jun 30, 2013 | 1.57 | = | 5,531,186) | ÷ | 3,520,203) |
| Jun 30, 2012 | 1.81 | = | 4,498,114) | ÷ | 2,486,013) |
| Jun 30, 2011 | 1.80 | = | 4,305,256) | ÷ | 2,391,043) |
| Jun 30, 2010 | 1.63 | = | 3,588,796) | ÷ | 2,204,891) |
| Jun 30, 2009 | 1.56 | = | 3,123,781) | ÷ | 2,005,754) |
| Jun 30, 2008 | 1.88 | = | 4,095,625) | ÷ | 2,183,256) |
| Jun 30, 2007 | 1.76 | = | 3,386,175) | ÷ | 1,925,245) |
| Jun 30, 2006 | 1.87 | = | 3,138,978) | ÷ | 1,681,105) |
| Jun 30, 2005 | 2.09 | = | 2,785,872) | ÷ | 1,335,927) |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in thousands
- Current Assets
- The value of current assets demonstrates an overall increasing trend over the analyzed period. Beginning at approximately $2.79 billion in mid-2005, current assets generally increased, peaking sharply in mid-2019 at about $7.67 billion. A decline follows in 2020, down to approximately $4.89 billion, before rising again to around $12.05 billion by mid-2022. The fluctuations indicate responsiveness to changing operational or market conditions, with significant growth toward the most recent year.
- Current Liabilities
- Current liabilities exhibit an overall upward trend from mid-2005 through mid-2022. Starting at roughly $1.34 billion, these liabilities grew with some fluctuations, reaching approximately $3.16 billion in mid-2019. After a slight drop in 2020, liabilities rose sharply to nearly $5.86 billion by mid-2022. This rise suggests increasing short-term obligations concurrent with asset growth, but the pace of increase in liabilities between 2020 and 2022 is notably steep.
- Current Ratio
- The current ratio shows variability, indicating changing liquidity positions across the years. Initially at 2.09 in 2005, it declined to below 1.6 during some years, reflecting tighter liquidity, with the lowest point around 1.41 in 2017. Peaks are seen in 2015 and 2019 at around 2.38 and 2.43 respectively, suggesting stronger short-term financial health. The ratio stood at 2.06 in mid-2022, implying an improvement in liquidity compared to several prior years despite the notable increase in current liabilities.
- Summary
- Overall, current assets have generally increased substantially over time, outpacing current liabilities except for some periods of contraction. Current liabilities increased steadily, with a marked rise in the last two years. The current ratio's fluctuations reflect periods of both stronger and weaker liquidity, with a tendency to remain above the critical threshold of 1.0, indicating adequate short-term solvency. The data suggest a generally improving liquidity profile with increased asset holdings but also rising short-term obligations requiring careful monitoring.
Comparison to Competitors
Parker-Hannifin Corp., current ratio, long-term trends, comparison to competitors
| Parker-Hannifin Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2022 | 2.06 | 1.22 | 1.39 | 1.38 | 1.16 | 1.25 | 1.32 | 1.09 |
| Jun 30, 2021 | 1.81 | 1.33 | 1.46 | 1.04 | 1.28 | 1.30 | 1.42 | 1.19 |
| Jun 30, 2020 | 1.55 | 1.39 | 1.53 | 1.56 | 1.58 | 1.47 | 1.39 | 1.21 |
| Jun 30, 2019 | 2.43 | 1.05 | 1.47 | 1.70 | 1.16 | 1.34 | 1.22 | 1.08 |
| Jun 30, 2018 | 1.59 | 1.08 | 1.37 | 1.47 | — | 1.29 | 1.12 | 1.13 |
| Jun 30, 2017 | 1.41 | 1.16 | 1.35 | 1.64 | — | 1.38 | 1.38 | 1.35 |
| Jun 30, 2016 | 2.20 | 1.25 | 1.22 | 1.27 | — | 1.41 | 1.20 | 1.30 |
| Jun 30, 2015 | 2.38 | 1.35 | 1.31 | 1.43 | — | 1.09 | 1.15 | 1.18 |
| Jun 30, 2014 | 1.87 | 1.20 | 1.39 | 1.51 | — | 1.50 | 1.11 | 1.30 |
| Jun 30, 2013 | 1.57 | 1.26 | 1.40 | 1.78 | — | 1.49 | 1.20 | 1.29 |
| Jun 30, 2012 | 1.81 | 1.27 | 1.43 | 1.44 | — | 1.35 | 1.14 | 1.24 |
| Jun 30, 2011 | 1.80 | 1.21 | 1.33 | 1.60 | — | 1.31 | 1.16 | 1.38 |
| Jun 30, 2010 | 1.63 | 1.15 | 1.44 | 1.70 | — | 1.28 | 1.15 | 1.33 |
| Jun 30, 2009 | 1.56 | 1.07 | 1.39 | 1.68 | — | 1.25 | 1.17 | 1.29 |
| Jun 30, 2008 | 1.88 | 0.84 | 1.21 | 1.28 | — | 1.08 | 1.01 | 1.24 |
| Jun 30, 2007 | 1.76 | 0.86 | 1.15 | 1.30 | — | 1.15 | 1.11 | 1.26 |
| Jun 30, 2006 | 1.87 | 0.77 | 1.20 | 1.29 | — | 1.21 | 1.06 | 1.24 |
| Jun 30, 2005 | 2.09 | 0.78 | 1.19 | 1.21 | — | 1.15 | 1.12 | 1.12 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Capital Goods)
Parker-Hannifin Corp., current ratio, long-term trends, comparison to sector (capital goods)
| Parker-Hannifin Corp. | Capital Goods | |
|---|---|---|
| Jun 30, 2022 | 2.06 | 1.22 |
| Jun 30, 2021 | 1.81 | 1.31 |
| Jun 30, 2020 | 1.55 | 1.43 |
| Jun 30, 2019 | 2.43 | 1.17 |
| Jun 30, 2018 | 1.59 | 1.17 |
| Jun 30, 2017 | 1.41 | 1.29 |
| Jun 30, 2016 | 2.20 | 1.27 |
| Jun 30, 2015 | 2.38 | 1.26 |
| Jun 30, 2014 | 1.87 | 1.29 |
| Jun 30, 2013 | 1.57 | 1.34 |
| Jun 30, 2012 | 1.81 | 1.31 |
| Jun 30, 2011 | 1.80 | 1.29 |
| Jun 30, 2010 | 1.63 | 1.28 |
| Jun 30, 2009 | 1.56 | 1.23 |
| Jun 30, 2008 | 1.88 | 1.07 |
| Jun 30, 2007 | 1.76 | 1.08 |
| Jun 30, 2006 | 1.87 | 1.05 |
| Jun 30, 2005 | 2.09 | 1.03 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Industrials)
Parker-Hannifin Corp., current ratio, long-term trends, comparison to industry (industrials)
| Parker-Hannifin Corp. | Industrials | |
|---|---|---|
| Jun 30, 2022 | 2.06 | 1.20 |
| Jun 30, 2021 | 1.81 | 1.29 |
| Jun 30, 2020 | 1.55 | 1.41 |
| Jun 30, 2019 | 2.43 | 1.16 |
| Jun 30, 2018 | 1.59 | 1.13 |
| Jun 30, 2017 | 1.41 | 1.24 |
| Jun 30, 2016 | 2.20 | 1.22 |
| Jun 30, 2015 | 2.38 | 1.24 |
| Jun 30, 2014 | 1.87 | 1.26 |
| Jun 30, 2013 | 1.57 | 1.33 |
| Jun 30, 2012 | 1.81 | 1.30 |
| Jun 30, 2011 | 1.80 | 1.30 |
| Jun 30, 2010 | 1.63 | 1.28 |
| Jun 30, 2009 | 1.56 | 1.23 |
| Jun 30, 2008 | 1.88 | 1.06 |
| Jun 30, 2007 | 1.76 | 1.07 |
| Jun 30, 2006 | 1.87 | 1.05 |
| Jun 30, 2005 | 2.09 | 1.05 |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).