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Parker hannifin Corporation  (PH)
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Parker Hannifin's Quick Ratio

PH's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the second quarter 2023, Quick Ratio deteriorated to 0.05 a new company low.

Within Miscellaneous Fabricated Products industry 4 other companies have achieved higher Quick Ratio than Parker Hannifin in second quarter 2023. While Quick Ratio total ranking has improved so far during the II Quarter 2023 to 400, from total ranking in the first quarter 2023 at 3281.

Explain Quick Ratio?
How much Cash & cash equivalents PH´s has?
What are PH´s Current Liabilities?


PH Quick Ratio (Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities Change 31.45 % 39.43 % 32.02 % 7.06 % 8.48 %
Y / Y Cash & cash equivalent Change -49.35 % -12.45 % -14.21 % 10.28 % 58.71 %
Quick Ratio MRQ 0.05 0.06 0.06 0.1 0.14
PH's Total Ranking # 400 # 3281 # 3797 # 1331 # 1372
Seq. Current Liabilities Change -2.22 % -0.88 % 33.64 % 1.49 % 3.72 %
Seq. Cash & cash equivalent Change -13.79 % -5.52 % -13.38 % -28.21 % 49.03 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 5
Basic Materials Sector # 30
Overall Market # 400


Quick Ratio Statistics
High Average Low
1.07 0.32 0.05
(Jun 30 2019)   (Dec 31 2023)




Financial Statements
Parker Hannifin's Current Liabilities $ 7,497 Millions Visit PH's Balance sheet
Parker Hannifin's Cash & cash equivalent $ 394 Millions Visit PH's Balance sheet
Source of PH's Sales Visit PH's Sales by Geography


Cumulative Parker Hannifin's Quick Ratio

PH's Quick Ratio for the trailling 12 Months

PH Quick Ratio

(Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 31.45 % 39.43 % 32.02 % 7.06 % 8.48 %
Y / Y Cash & cash equivalent TTM Growth -49.35 % -12.45 % -14.21 % 10.28 % 58.71 %
Quick Ratio TTM 0.07 0.08 0.09 0.11 0.11
Total Ranking TTM # 213 # 3844 # 4008 # 3267 # 1874
Seq. Current Liabilities TTM Growth -2.22 % -0.88 % 33.64 % 1.49 % 3.72 %
Seq. Cash & cash equivalent TTM Growth -13.79 % -5.52 % -13.38 % -28.21 % 49.03 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the II Quarter 2023 to $7,497.07 millions, cumulative Quick Ratio decreased to 0.07 below the Parker Hannifin Corporation average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Fabricated Products industry 3 other companies have achieved higher Quick Ratio than Parker Hannifin. While Quick Ratio overall ranking has improved so far to 213, from total ranking during the twelve months ending first quarter 2023 at 3844.

Explain Quick Ratio?
How much Cash & cash equivalents PH´s has?
What are PH´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Miscellaneous Fabricated Products Industry # 4
Basic Materials Sector # 19
Within the Market # 213


trailing twelve months Quick Ratio Statistics
High Average Low
0.87 0.31 0.07
(Dec 31 2016)   (Dec 31 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Miscellaneous Fabricated Products Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Constellium Se  0.11 $ 226.240  Millions$ 2,052.960  Millions
Matthews International Corp  0.11 $ 37.921  Millions$ 349.203  Millions
Apogee Enterprises Inc   0.10 $ 23.407  Millions$ 236.575  Millions
Parker hannifin Corporation  0.05 $ 393.868  Millions$ 7,497.073  Millions
Tredegar Corporation  0.04 $ 9.660  Millions$ 249.104  Millions

Date modified: 2024-02-06T17:27:31+00:00



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