Parker-Hannifin (PH) Interest Coverage Ratio: History & Chart

Parker-Hannifin Corporation (PH)PHParker-Hannifin Corporation

About Parker-Hannifin Corporation

Parker-Hannifin Corporation is a global enterprise specializing in the production and distribution of advanced motion and control technologies and systems. These solutions serve a broad spectrum of international markets, including mobile applications, industrial operations, and the aerospace sector. Its organizational structure is primarily divided into two key business units: Diversified Industrial and Aerospace Systems. Within the Diversified Industrial division, the product portfolio is extensive, covering sealing, protective shielding, thermal management systems, bonding agents, surface coatings, and technologies designed to reduce noise, vibration, and harshness. This segment also provides filtration units, diagnostic tools, and related solutions for purifying fuel, air, oil, water, and various other liquids and gases by eliminating contaminants. Additionally, it produces connectors vital for fluid handling (controlling, transmitting, and containing), along with advanced control mechanisms engineered for demanding environments involving extreme corrosion, temperatures, pressures, and requiring precise flow regulation. Crucially, it supplies hydraulic, pneumatic, and electromechanical components and integrated systems to manufacturers and operators of both mobile and stationary industrial machinery. Products from this division are supplied to original equipment manufacturers (OEMs) as well as to distributors who cater to the aftermarket across a wide array of sectors. These include industries focused on manufacturing, packaging, processing, transportation, construction, climate control (refrigeration and air conditioning), agriculture, and military machinery and equipment. In contrast, the Aerospace Systems segment focuses on delivering specialized components and systems for both commercial and military aircraft structures and engine applications. Its comprehensive offerings encompass control actuation systems, parts for engine construction and exhaust, entire engine systems, fluid transport and fuel systems (including those for fuel tank inerting), hydraulic and lubrication components, pilot interface controls, pneumatic control elements, thermal regulation products, and landing gear wheels and brakes. The segment also provides devices for precise fluid measurement, distribution, and atomization. Sales within this particular division are conducted directly with original equipment manufacturers (OEMs) and final consumers. Overall, Parker-Hannifin distributes its solutions via a diversified sales network, comprising its own dedicated sales personnel, independent distributors, and authorized sales representatives. Established in 1917, the corporation maintains its global headquarters in Cleveland, Ohio.

Cleveland, OH

57,950 employees

www.parker.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Jennifer A. Parmentier

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PH Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

11.44x

INTEREST COVERAGE RATIO AVG TTM

10.84x

INTEREST COVERAGE RATIO AVG 3Y

8.88x

INTEREST COVERAGE RATIO AVG 5Y

9.13x

INTEREST COVERAGE RATIO AVG 10Y

9.00x

INTEREST COVERAGE RATIO AVG 15Y

10.07x

INTEREST COVERAGE RATIO AVG 20Y

11.00x

CURRENT VS TTM AVG

+5.60%

CURRENT VS 3Y AVG

+28.93%

CURRENT VS 5Y AVG

+25.32%

CURRENT VS 10Y AVG

+27.21%

CURRENT VS 15Y AVG

+13.65%

CURRENT VS 20Y AVG

+4.02%

SECTOR MEDIAN · INDUSTRIALS

7.81x

median of 122 covered companies

CURRENT VS SECTOR MEDIAN

+46.44%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Parker-Hannifin Corporation (PH)	$123.13B	11.44x	10.84x	8.88x	9.13x
Howmet Aerospace Inc. (HWM)vs ›	$112.93B	14.11x	11.65x	8.38x	6.52x
Lockheed Martin Corporation (LMT)vs ›	$134.49B	6.92x	6.84x	9.09x	11.17x
General Dynamics Corporation (GD)vs ›	$103.74B	17.06x	14.63x	12.67x	11.46x
Quanta Services, Inc. (PWR)vs ›	$100.14B	6.26x	6.43x	6.65x	8.43x
Trane Technologies plc (TT)vs ›	$100.10B	17.44x	16.06x	13.82x	11.68x
Siemens Energy AG (SMEGF)vs ›	$149.69B	6.86x	6.63x	6.63x	6.63x
CSX Corporation (CSX)vs ›	$93.36B	5.36x	5.91x	6.65x	6.58x
Vertiv Holdings Co (VRT)vs ›	$93.00B	22.03x	15.60x	9.21x	7.01x
3M Company (MMM)vs ›	$90.91B	6.34x	5.25x	5.76x	8.68x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Parker-Hannifin Corporation (PH)

$123.13B

11.44x

10.84x

8.88x

9.13x

Howmet Aerospace Inc. (HWM)vs ›

$112.93B

14.11x

11.65x

8.38x

6.52x

Lockheed Martin Corporation (LMT)vs ›

$134.49B

6.92x

6.84x

9.09x

11.17x

General Dynamics Corporation (GD)vs ›

$103.74B

17.06x

14.63x

12.67x

11.46x

Quanta Services, Inc. (PWR)vs ›

$100.14B

6.26x

6.43x

6.65x

8.43x

Trane Technologies plc (TT)vs ›

$100.10B

17.44x

16.06x

13.82x

11.68x

Siemens Energy AG (SMEGF)vs ›

$149.69B

6.86x

6.63x

CSX Corporation (CSX)vs ›

$93.36B

5.36x

5.91x

6.65x

6.58x

Vertiv Holdings Co (VRT)vs ›

$93.00B

22.03x

15.60x

9.21x

7.01x

3M Company (MMM)vs ›

$90.91B

6.34x

5.25x

5.76x

8.68x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Parker-Hannifin Corporation (PH)?

The interest coverage ratio for PH stock is 11.44x.

Is Parker-Hannifin Corporation's interest coverage ratio high or low?

The interest coverage ratio of 11.44x is 25% above its 5-year average of 9.13x, near the high end of its 5-year range (4.50x–12.09x).

What is the TTM average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The TTM average interest coverage ratio for PH stock is 10.84x.

What is the 3Y average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The 3Y average interest coverage ratio for PH stock is 8.88x.

What is the 5Y average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The 5Y average interest coverage ratio for PH stock is 9.13x.

What is the 10Y average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The 10Y average interest coverage ratio for PH stock is 9.00x.

What is the 15Y average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The 15Y average interest coverage ratio for PH stock is 10.07x.

What is the 20Y average interest coverage ratio for Parker-Hannifin Corporation (PH)?

The 20Y average interest coverage ratio for PH stock is 11.00x.

DATE	INTEREST COVERAGE RATIO
2026-03-31	11.44x
2025-12-31	10.32x
2025-09-30	10.24x
2025-06-30	11.28x
2025-03-31	10.90x
2024-12-31	9.57x
2024-09-30	8.60x
2024-06-30	8.77x
2024-03-31	8.13x
2023-12-31	7.25x
2023-09-30	6.66x
2023-06-30	6.52x
2023-03-31	5.72x
2022-12-31	4.50x
2022-09-30	5.68x
2022-06-30	10.65x
2022-03-31	11.05x
2021-12-31	10.72x
2021-09-30	10.87x
2021-06-30	12.09x
2021-03-31	10.82x
2020-12-31	8.87x
2020-09-30	7.10x
2020-06-30	6.53x
2020-03-31	6.74x
2019-12-31	5.32x
2019-09-30	6.79x
2019-06-30	11.48x
2019-03-31	11.71x
2018-12-31	10.10x
2018-09-30	11.25x
2018-06-30	11.20x
2018-03-31	9.80x
2017-12-31	7.97x
2017-09-30	8.56x
2017-06-30	8.71x
2017-03-31	8.55x
2016-12-31	8.90x
2016-09-30	9.51x
2016-06-30	9.58x
2016-03-31	8.40x
2015-12-31	7.30x
2015-09-30	8.34x
2015-06-30	8.54x
2015-03-31	11.91x
2014-12-31	12.79x
2014-09-30	19.52x
2014-06-30	20.74x
2014-03-31	16.77x
2013-12-31	13.78x
2013-09-30	16.36x
2013-06-30	18.11x
2013-03-31	15.54x
2012-12-31	10.84x
2012-09-30	15.16x
2012-06-30	18.28x
2012-03-31	19.08x
2011-12-31	15.01x
2011-09-30	18.65x
2011-06-30	16.34x
2011-03-31	16.33x
2010-12-31	12.69x
2010-09-30	14.53x
2010-06-30	12.01x
2010-03-31	9.11x
2009-12-31	7.01x
2009-09-30	5.22x
2009-06-30	3.73x
2009-03-31	4.16x
2008-12-31	7.59x
2008-09-30	14.05x
2008-03-31	15.20x
2007-12-31	12.14x
2007-09-30	15.16x
2007-03-31	13.77x
2006-12-31	12.57x
2006-09-30	18.18x
2006-03-31	12.79x
2005-12-31	10.52x
2005-09-30	13.40x
2005-03-31	12.31x
2004-12-31	10.16x
2004-09-30	13.27x
2004-03-31	9.29x
2003-12-31	5.73x
2003-09-30	4.96x
2003-03-31	4.72x

DATE

INTEREST COVERAGE RATIO

2026-03-31

11.44x

2025-12-31

10.32x

2025-09-30

10.24x

2025-06-30

11.28x

2025-03-31

10.90x

2024-12-31

9.57x

2024-09-30

8.60x

2024-06-30

8.77x

2024-03-31

8.13x

2023-12-31

7.25x

2023-09-30

6.66x

2023-06-30

6.52x

2023-03-31

5.72x

2022-12-31

4.50x

2022-09-30

5.68x

2022-06-30

10.65x

2022-03-31

11.05x

2021-12-31

10.72x

2021-09-30

10.87x

2021-06-30

12.09x

2021-03-31

10.82x

2020-12-31

8.87x

2020-09-30

7.10x

2020-06-30

6.53x

2020-03-31

6.74x

2019-12-31

5.32x

2019-09-30

6.79x

2019-06-30

11.48x

2019-03-31

11.71x

2018-12-31

10.10x

2018-09-30

11.25x

2018-06-30

11.20x

2018-03-31

9.80x

2017-12-31

7.97x

2017-09-30

8.56x

2017-06-30

8.71x

2017-03-31

8.55x

2016-12-31

8.90x

2016-09-30

9.51x

2016-06-30

9.58x

2016-03-31

8.40x

2015-12-31

7.30x

2015-09-30

8.34x

2015-06-30

8.54x

2015-03-31

11.91x

2014-12-31

12.79x

2014-09-30

19.52x

2014-06-30

20.74x

2014-03-31

16.77x

2013-12-31

13.78x

2013-09-30

16.36x

2013-06-30

18.11x

2013-03-31

15.54x

2012-12-31

10.84x

2012-09-30

15.16x

2012-06-30

18.28x

2012-03-31

19.08x

2011-12-31

15.01x

2011-09-30

18.65x

2011-06-30

16.34x

2011-03-31

16.33x

2010-12-31

12.69x

2010-09-30

14.53x

2010-06-30

12.01x

2010-03-31

9.11x

2009-12-31

7.01x

2009-09-30

5.22x

2009-06-30

3.73x

2009-03-31

4.16x

2008-12-31

7.59x

2008-09-30

14.05x

2008-03-31

15.20x

2007-12-31

12.14x

2007-09-30

15.16x

2007-03-31

13.77x

2006-12-31

12.57x

2006-09-30

18.18x

2006-03-31

12.79x

2005-12-31

10.52x

2005-09-30

13.40x

2005-03-31

12.31x

2004-12-31

10.16x

2004-09-30

13.27x

2004-03-31

9.29x

2003-12-31

5.73x

2003-09-30

4.96x

2003-03-31

4.72x

Interest Coverage Ratio: 11.44x

PH Interest Coverage Ratio

PH Average Interest Coverage Ratio Chart

PH Current vs Average Interest Coverage Ratio Chart

PH Interest Coverage Ratio Metrics

PH Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

PH Interest Coverage Ratio History

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