Applied Industrial Technologies

NYSE AIT

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Applied Industrial Technologies Debt to Income Ratio 2 year CAGR for the quarter ending March 31, 2024: -36.97%

Applied Industrial Technologies Debt to Income Ratio 2 year CAGR is -36.97% for the quarter ending March 31, 2024, a 11.85% change year over year. The debt to income ratio measures the level of debt relative to a company's net income. It is calculated by dividing total debt by net income. This ratio provides insights into the company's ability to generate sufficient income to cover its debt obligations. A higher ratio indicates a higher level of debt burden relative to the company's income. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Applied Industrial Technologies Debt to Income Ratio for the quarter ending March 31, 2022 was 10.56, a -30.51% change year over year.
  • Applied Industrial Technologies Debt to Income Ratio for the quarter ending March 31, 2021 was 15.20, a 233.35% change year over year.
  • Applied Industrial Technologies Debt to Income Ratio for the quarter ending March 31, 2020 was -11.40, a -119.20% change year over year.
NYSE: AIT

Applied Industrial Technologies

CEO Mr. Neil A. Schrimsher
IPO Date Sept. 7, 1984
Location United States
Headquarters 1 Applied Plaza, Cleveland, OH, United States, 44115
Employees 6,350
Sector Industrials
Industry Industrial distribution
Description

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.

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StockViz Staff

September 19, 2024

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