Quick Ratio Analysis of Parker-Hannifin Corp. - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Jun-23
Not Good Quick Ratio
0.508
Period Ending - Jun-22
Indecisive Quick Ratio
1.68
Growth
-69.75 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Poor Quick Ratio
0.497
Quick Ratio Analysis of Parker-Hannifin Corp.
| Quick Ratio of Parker-Hannifin Corp. with value of 0.497 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of PH drastically fell by -69.75 % this year. |
| Quick Ratio with value of 1.90 was highest in Year Jun-19 in last Five Years. |
| Quick Ratio with value of 0.508 was lowest in Year Jun-23 in last Five Years. |
| Latest Quick Ratio with value of 0.508 is lower than Average Quick Ratio of 1.24 in last five years. |
Other Quick Ratio Related Info of PH that may interest you.
Parker-Hannifin Corp. Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| PH | 503.3 | 528.9 | 4.84 % | Specialty Industrial Machinery |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..
Quick Ratio Related Ratios
| CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
| Low Stability Stock | |
FY - Historical Quick Ratio of Parker-Hannifin Corp.
| Period | Jun-23 | Jun-22 | Jun-21 | Jun-20 | Jun-19 | Jun-18 | Jun-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 0.508 | 1.68 | 1.14 | 0.975 | 1.90 | 1.08 | 0.951 |
| Change | -69.75 % | 47.36 % | 16.76 % | -48.73 % | 75.58 % | 13.89 % | -44.22 % |
FY Chart of Quick Ratio of Parker-Hannifin Corp.
Note : All Data Generated at the End of Trading Hours (EOD Data)