Parker-Hannifin

PH Industrials & Manufacturing 2/10 Low Risk
2/10
— 2 → 2 over 22 weeks
Sector avg: 4.0/10

Parker-Hannifin carries $7.5B in long-term debt, with $4.7B in scheduled principal maturities. Notably, the entire $4.7B maturity schedule falls within five years, creating a concentrated refinancing window. DebtCanary scores PH at 2/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2025-06-30 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $7M Year 2 $706M Year 3 $1.2B Year 4 $1.0B Year 5 $1.8B Beyond 5 $0
Period Amount Due % of Total
Year 1 (0-12 months) $7M 0.1%
Year 2 (12-24 months) $706M 15.0%
Year 3 (24-36 months) $1.2B 25.5%
Year 4 (36-48 months) $1.0B 21.2%
Year 5 (48-60 months) $1.8B 38.2%
Beyond 5 Years N/A N/A
Total Scheduled Maturities $4.7B 100.0%
Why don't these totals match? Total scheduled maturities ($4.7B) falls short of balance-sheet long-term debt ($7.5B) by about 37%. The two figures come from different disclosures: the maturity schedule aggregates gross principal repayments from the debt footnote — typically including the current portion of long-term debt and sometimes finance leases — while balance-sheet long-term debt is a carrying value that excludes the current portion and is net of unamortized discounts, premiums, and issuance costs. They can also come from filings with different period-end dates (2025-06-30 vs 2026-03-31). Both numbers are shown exactly as reported to the SEC.

Key Metrics

Total Long-Term Debt
$7.5B
Near-Term (12mo)
$7M
Interest Coverage
7.6x
Debt/Equity
0.51
Cash Coverage
68.00x
Operating Income
$4.3B

Refinancing Cost Shock

If Parker-Hannifin refinanced the $713M due within 24 months at today's market yields, its annual interest bill would change by an estimated -$17M/year.

Show the full calculation
Debt due within 24 months (Year 1 + Year 2 buckets): $713M
Current average rate = interest expense / interest-bearing debt = $574M / $7.5B = 7.64%
Synthetic rating bucket from coverage (operating income/interest 7.6x): AA
Market yield for AA bucket (ICE BofA via FRED, 2026-07-23): 5.28% (BAMLC0A2CAAEY)
Rate change: 5.28% − 7.64% = -2.36 pp
Annual cost change: -2.36% × $713M = -$17M/yr
Index-level estimate, not issuer-level bond pricing: the rating bucket is inferred from interest coverage (not an agency rating), and actual new-issue pricing depends on tenor, security, and market conditions. See the methodology.
Hidden future pain — added interest run-rate as the schedule rolls
+1yr
-$165,200/yr
+2yr
-$17M/yr
+3yr
-$45M/yr
+4yr
-$69M/yr
+5yr
-$111M/yr
Cumulative run-rate change once all debt maturing by each horizon has refinanced. Assumes yields hold. Market-wide view on the Hidden Future Pain page.
What if yields move? market yield 5.28% (+0 bps)
24-month wall refinanced at that yield: = of operating income

Compare across all companies on the Refinancing Cliff Map →

How This Score Was Computed

Weighted average of 4 scored components (raw 2.00, rounded to 2). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $7M
Total scheduled maturities: $4.7B
 0.1% 1/10 30%
Interest Coverage Ratio
Show calculation
Operating income / Interest expense
Operating income: $4.3B
Interest expense: $574M
 7.57x 3/10 25%
Debt-to-Equity Ratio
Show calculation
Long-term debt / Stockholders' equity
Long-term debt: $7.5B
Stockholders' equity: $14.6B
 0.51 3/10 25%
Cash Coverage of Near-Term Debt
Show calculation
Cash & equivalents / Debt due within 12 months
Cash & equivalents: $476M
Near-term debt: $7M
 68.00x 1/10 20%
Cash Runway
Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.
 N/A — not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Parker-Hannifin's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-05-01 10-Q Quarterly report
2026-04-30 8-K Earnings Results
2026-03-17 8-K Officer / Director Change
2026-01-30 10-Q Quarterly report
2026-01-29 8-K Earnings Results
2025-12-10 8-K Material Agreement, New Debt Obligation
2025-11-12 8-K Material Agreement
2025-11-07 10-Q Quarterly report

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-01. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Parker-Hannifin →