Parker Hannifin (Parker Hannifin) Interest Expense : $-573 Mil (TTM As of Dec. 2023)

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What is Parker Hannifin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parker Hannifin's interest expense for the three months ended in Dec. 2023 was $ -129 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-573 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Parker Hannifin's Operating Income for the three months ended in Dec. 2023 was $ 929 Mil. Parker Hannifin's Interest Expense for the three months ended in Dec. 2023 was $ -129 Mil. Parker Hannifin's Interest Coverage for the quarter that ended in Dec. 2023 was 7.20. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Parker Hannifin Interest Expense Historical Data

The historical data trend for Parker Hannifin's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Parker Hannifin Interest Expense Chart

Parker Hannifin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-190.14

-308.16

-250.04

-255.25

-573.89

Parker Hannifin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-146.93	-151.99	-157.18	-134.47	-129.03

Parker Hannifin Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-573 Mil.

Parker Hannifin (NYSE:PH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Parker Hannifin's Interest Expense for the three months ended in Dec. 2023 was $-129 Mil. Its Operating Income for the three months ended in Dec. 2023 was $929 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,109 Mil.

Parker Hannifin's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	929.183	/	-129.029
	=	7.20

The higher the ratio, the stronger the company's financial strength is.

Parker Hannifin (Parker Hannifin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (NYSE:PH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PH:Mexico 1PH:Italy PAR:Germany PAR:Germany PAR:Germany

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

http://www.phstock.com

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Executives

Joseph R Leonti	officer: VP, General Counsel, Secretary	6035 PARKLAND BLVD, CLEVELAND OH 44124
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Denise R. Fleming	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Todd M. Leombruno	officer: VP & Controller	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
Dinu J Parel	officer: VP - Chief Information Officer	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124-4141
Robert W Malone	officer: VP, President--Filtration Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Berend Bracht	officer: VP & Pres.-Motion Systems Grp.	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Rober S Sherrard	officer: VP, PRESIDENT-INSTRUMENTATION	6035 PARKLAND BLVD, C/O PARKER HANNIFIN CORP, CLEVELAND OH 44124
Mark J Hart	officer: EVP - HR & External Affairs	6035 PARKLAND BLVD, CLEVELAND OH 44124
Lee C Banks	officer: VP, PRESIDENT-INSTRUMENTATION	PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
William R Bowman	officer: VP-Pres - Instrumentation Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Thomas C Gentile	officer: VP-Global Supply Chain	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Andrew D Ross	officer: VP and President - Seal Group	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Mark T Czaja	officer: VP-Chief Technology & Innov.	PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124