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
The liquidity profile from 2005 to 2022 is characterized by a substantial expansion in the scale of current accounts and a current ratio that consistently remains above 1.0, indicating a sustained capacity to meet short-term obligations. While absolute values for assets and liabilities have grown significantly, the resulting liquidity ratio has exhibited cyclical fluctuations rather than a linear trend.
- Current Asset Trends
- A strong long-term upward trajectory is observed in current assets, which grew from 2.79 billion in 2005 to 12.05 billion by 2022. Growth was relatively steady until 2018, after which a notable increase occurred in 2019, followed by a contraction in 2020 and a sharp acceleration to a period peak in 2022.
- Current Liability Trends
- Current liabilities expanded from 1.34 billion in 2005 to 5.86 billion in 2022. The growth in liabilities was more tempered and stable than that of assets for much of the period, remaining within the 2 billion to 3.5 billion range between 2008 and 2021. A significant increase in short-term obligations is noted in 2022, coinciding with the surge in current assets.
- Current Ratio Volatility and Stability
- The current ratio fluctuated between a minimum of 1.41 in 2017 and a maximum of 2.43 in 2019. A period of moderate decline and stabilization was observed between 2005 and 2014, with the ratio generally hovering between 1.56 and 1.88. Higher volatility emerged after 2014, characterized by a peak in 2015 (2.38), a trough in 2017 (1.41), and a subsequent peak in 2019 (2.43). The period concludes with a ratio of 2.06 in 2022, returning the liquidity position to levels comparable to those seen at the beginning of the analyzed timeframe.
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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).