Applied Industrial Technologies, Inc. (AIT) Balance Sheet
AIT balance sheet, FY2026
June 30, 2026 · U.S. dollars$3.01B assets = $1.15B liabilities + $1.86B equity
Both columns are drawn to the same scale: what AIT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AIT financial health
Descriptive bands, not a rating. Fiscal FY2026.
AIT balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.39BFY2017 | $3.01BFY2026 | +9.0%/yr | |
| Total liabilities | $642.3MFY2017 | $1.15BFY2026 | +6.7%/yr | |
| Shareholders’ equity | $745.3MFY2017 | $1.86BFY2026 | +10.7%/yr | |
| Cash & short-term investments | $105.1MFY2017 | $127.1MFY2026 | +2.1%/yr | |
| Total debt | $291.6MFY2017 | $483.4MFY2026 | +5.8%/yr | |
| Net cash (debt) | −$186.5MFY2017 | −$356.3MFY2026 | −$169.8M | |
| Working capital | $572.8MFY2017 | $966.3MFY2026 | +$393.5M | |
| Book value per share | $18.91FY2017 | $49.18FY2026 | +11.2%/yr | |
| Current ratio | 2.85FY2017 | 2.58FY2026 | −0.27 | |
| Debt / equity | 0.39FY2017 | 0.26FY2026 | −0.13 | |
| Shares outstanding | 39.4MFY2017 | 37.9MFY2026 | −0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AIT assets
AIT liabilities and equity
AIT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AIT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $127.1M | $388.4M | $460.6M | $344.0M | $184.5M | $257.7M | $268.6M | $108.2M | $54.1M | $105.1M |
| Cash & equivalents | $127.1M | $388.4M | $460.6M | $344.0M | $184.5M | $257.7M | $268.6M | $108.2M | $54.1M | $105.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $859.9M | $769.7M | $737.5M | $708.4M | $656.4M | $516.3M | $450.0M | $540.9M | $548.8M | $390.9M |
| Inventory | $509.0M | $505.3M | $488.3M | $501.2M | $449.8M | $362.5M | $389.1M | $447.6M | $422.1M | $345.1M |
| Other current assets | $82.7M | $84.0M | $83.5M | $93.2M | $68.8M | $60.0M | $52.1M | $51.5M | $33.0M | $41.4M |
| Total current assets | $1.58B | $1.75B | $1.77B | $1.65B | $1.36B | $1.20B | $1.16B | $1.15B | $1.06B | $882.5M |
| Property, plant & equipment (net) | $344.9M | $316.8M | $251.8M | $215.7M | $219.9M | $202.7M | $212.5M | $124.3M | $121.3M | $108.1M |
| Goodwill & intangible assets | $1.02B | $1.05B | $865.3M | $814.0M | $813.8M | $839.7M | $883.8M | $1.03B | $1.08B | $369.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.2M | $10.3M | $0 |
| Other non-current assets | $68.9M | $63.3M | $64.9M | $66.8M | $59.3M | $32.8M | $27.4M | $17.2M | $13.5M | $27.3M |
| Total assets | $3.01B | $3.18B | $2.95B | $2.74B | $2.45B | $2.27B | $2.28B | $2.33B | $2.29B | $1.39B |
| Liabilities | ||||||||||
| Accounts payable | $341.1M | $280.1M | $266.9M | $301.7M | $259.5M | $208.2M | $186.3M | $237.3M | $256.9M | $180.6M |
| Short-term debt | $52.9M | $39.8M | $58.5M | $25.2M | $70.3M | $70.9M | $78.6M | $49.0M | $19.2M | $4.8M |
| Deferred revenue | — | — | −$33.5M | $98.7M | — | $77.7M | $61.9M | $68.0M | $73.4M | $58.8M |
| Total current liabilities | $612.4M | $526.2M | $501.1M | $540.3M | $499.6M | $427.7M | $426.1M | $423.8M | $432.6M | $309.8M |
| Long-term debt | $262.3M | $572.3M | $572.3M | $596.9M | $649.1M | $784.9M | $855.1M | $908.9M | $944.5M | $286.8M |
| Other long-term liabilities | $273.5M | $232.6M | $189.8M | $147.6M | $154.5M | $126.7M | $158.8M | $102.0M | $93.7M | $45.8M |
| Total liabilities | $1.15B | $1.33B | $1.26B | $1.28B | $1.30B | $1.34B | $1.44B | $1.43B | $1.47B | $642.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M |
| Retained earnings (deficit) | $2.79B | $2.45B | $2.12B | $1.79B | $1.50B | $1.29B | $1.20B | $1.23B | $1.13B | $1.03B |
| Treasury stock | — | — | — | −$477.5M | −$471.8M | −$455.8M | −$414.1M | −$415.2M | −$403.9M | −$381.4M |
| Accumulated other comprehensive income | −$94.8M | −$91.7M | −$77.6M | −$55.3M | −$72.3M | −$93.1M | −$129.4M | −$99.9M | −$90.2M | −$81.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.86B | $1.84B | $1.69B | $1.46B | $1.15B | $932.5M | $843.5M | $897.0M | $815.0M | $745.3M |
| Key figures | ||||||||||
| Total debt | $483.4M | $572.3M | $734.9M | $622.1M | $800.2M | $920.0M | $933.8M | $957.9M | $963.7M | $291.6M |
| Net cash (debt) | −$356.3M | −$183.9M | −$274.3M | −$278.1M | −$615.8M | −$662.2M | −$665.2M | −$849.7M | −$909.6M | −$186.5M |
| Working capital | $966.3M | $1.22B | $1.27B | $1.11B | $859.9M | $768.9M | $733.7M | $724.3M | $625.5M | $572.8M |
| Tangible book value | $844.2M | $796.5M | $823.5M | $644.5M | $335.6M | $92.8M | −$40.3M | −$133.8M | −$267.6M | $375.6M |
| Book value per share | $49.18 | $47.52 | $43.02 | $37.19 | $29.39 | $23.73 | $21.63 | $22.91 | $20.75 | $18.91 |
| Shares outstanding | 37.9M | 38.8M | 39.3M | 39.2M | 39.1M | 39.3M | 39.0M | 39.2M | 39.3M | 39.4M |
| Current ratio | 2.58 | 3.32 | 3.53 | 3.05 | 2.72 | 2.80 | 2.72 | 2.71 | 2.45 | 2.85 |
| Quick ratio | 1.61 | 2.20 | 2.39 | 1.95 | 1.68 | 1.81 | 1.69 | 1.53 | 1.39 | 1.60 |
| Debt / equity | 0.26 | 0.31 | 0.44 | 0.43 | 0.70 | 0.99 | 1.11 | 1.07 | 1.18 | 0.39 |
| Equity / assets | 61.9% | 58.1% | 57.2% | 53.2% | 46.9% | 41.0% | 36.9% | 38.5% | 35.7% | 53.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $127.1M | $171.6M | $406.0M | $418.7M | $388.4M | $352.8M | $303.4M | $538.5M | $460.6M | $456.5M | $412.9M | $360.4M |
| Cash & equivalents | $127.1M | $171.6M | $406.0M | $418.7M | $388.4M | $352.8M | $303.4M | $538.5M | $460.6M | $456.5M | $412.9M | $360.4M |
| Receivables | $859.9M | $792.8M | $722.0M | $765.7M | $769.7M | $754.6M | $696.2M | $691.5M | $737.5M | $725.3M | $659.2M | $694.9M |
| Inventory | $509.0M | $526.3M | $529.0M | $521.7M | $505.3M | $500.6M | $518.0M | $497.6M | $488.3M | $503.9M | $520.2M | $507.6M |
| Other current assets | $82.7M | $90.5M | $91.5M | $59.2M | $84.0M | $83.3M | $97.0M | $82.0M | $83.5M | $81.9M | $89.8M | $81.3M |
| Total current assets | $1.58B | $1.58B | $1.75B | $1.77B | $1.75B | $1.69B | $1.61B | $1.81B | $1.77B | $1.77B | $1.68B | $1.64B |
| Property, plant & equipment (net) | $344.9M | $309.9M | $311.4M | $315.3M | $316.8M | $318.1M | $320.7M | $264.1M | $251.8M | $210.9M | $218.2M | $215.8M |
| Goodwill & intangible assets | $1.02B | $1.03B | $1.03B | $1.04B | $1.05B | $1.05B | $1.05B | $867.0M | $865.3M | $809.6M | $817.2M | $823.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $68.9M | $70.0M | $69.3M | $66.2M | $63.3M | $61.0M | $62.4M | $62.6M | $64.9M | $66.8M | $65.4M | $66.8M |
| Total assets | $3.01B | $2.99B | $3.16B | $3.19B | $3.18B | $3.12B | $3.04B | $3.00B | $2.95B | $2.85B | $2.78B | $2.75B |
| Liabilities | ||||||||||||
| Accounts payable | $341.1M | $303.1M | $258.2M | $276.9M | $280.1M | $282.2M | $240.9M | $265.1M | $266.9M | $271.2M | $253.7M | $259.8M |
| Short-term debt | $52.9M | $18.0M | $0 | $0 | $39.8M | $0 | $0 | $25.0M | $58.5M | $25.1M | $25.2M | $25.2M |
| Deferred revenue | — | — | $35.3M | $28.7M | — | — | — | — | — | — | $72.9M | $62.4M |
| Total current liabilities | $612.4M | $536.6M | $475.5M | $497.8M | $526.2M | $474.2M | $429.4M | $478.3M | $501.1M | $468.4M | $449.1M | $466.6M |
| Long-term debt | $262.3M | $347.3M | $572.3M | $572.3M | $572.3M | $572.3M | $572.3M | $572.3M | $572.3M | $571.9M | $571.9M | $596.9M |
| Other long-term liabilities | $273.5M | $244.7M | $237.1M | $231.7M | $232.6M | $241.7M | $249.4M | $200.5M | $189.8M | $145.7M | $153.8M | $151.0M |
| Total liabilities | $1.15B | $1.13B | $1.28B | $1.30B | $1.33B | $1.29B | $1.25B | $1.25B | $1.26B | $1.19B | $1.17B | $1.21B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M |
| Retained earnings (deficit) | $2.79B | $2.71B | $2.63B | $2.55B | $2.45B | $2.38B | $2.29B | $2.21B | $2.12B | $2.05B | $1.96B | $1.89B |
| Accumulated other comprehensive income | −$94.8M | −$95.5M | −$92.3M | −$93.6M | −$91.7M | −$106.8M | −$105.8M | −$86.5M | −$77.6M | −$64.5M | −$59.6M | −$62.4M |
| Total shareholders' equity | $1.86B | $1.86B | $1.87B | $1.88B | $1.84B | $1.83B | $1.79B | $1.75B | $1.69B | $1.67B | $1.61B | $1.54B |
| Key figures | ||||||||||||
| Total debt | $483.4M | $365.3M | $572.3M | $572.3M | $572.3M | $572.3M | $572.3M | $597.3M | $734.9M | $597.0M | $597.0M | $622.1M |
| Net cash (debt) | −$356.3M | −$193.7M | −$166.3M | −$153.6M | −$183.9M | −$219.5M | −$268.9M | −$58.8M | −$274.3M | −$140.4M | −$184.2M | −$261.6M |
| Working capital | $966.3M | $1.04B | $1.27B | $1.27B | $1.22B | $1.22B | $1.19B | $1.33B | $1.27B | $1.30B | $1.23B | $1.18B |
| Tangible book value | $844.2M | $832.4M | $844.2M | $845.0M | $796.5M | $782.3M | $746.6M | $885.1M | $823.5M | $859.5M | $790.8M | $712.5M |
| Book value per share | $49.18 | $48.95 | $49.12 | $49.22 | $47.90 | $47.04 | $46.03 | $44.99 | $43.13 | $42.52 | $40.91 | $39.08 |
| Shares outstanding | 37.9M | 38.0M | 38.2M | 38.3M | 38.5M | 38.8M | 39.0M | 38.9M | 39.2M | 39.3M | 39.3M | 39.3M |
| Current ratio | 2.58 | 2.95 | 3.68 | 3.55 | 3.32 | 3.57 | 3.76 | 3.78 | 3.53 | 3.77 | 3.75 | 3.52 |
| Quick ratio | 1.61 | 1.80 | 2.37 | 2.38 | 2.20 | 2.34 | 2.33 | 2.57 | 2.39 | 2.52 | 2.39 | 2.26 |
| Debt / equity | 0.26 | 0.20 | 0.31 | 0.30 | 0.31 | 0.31 | 0.32 | 0.34 | 0.44 | 0.36 | 0.37 | 0.40 |
| Equity / assets | 61.9% | 62.2% | 59.3% | 59.1% | 58.1% | 58.7% | 58.9% | 58.3% | 57.2% | 58.5% | 57.8% | 55.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 13, 2026); data from EODHD.
AIT financial position
At the end of fiscal 2026 (June 30, 2026), Applied Industrial Technologies had total assets of $3.0 billion (down 5.2% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.9 billion. It held $127.1 million in cash and short-term investments against $483.4 million of debt, net debt of $356.3 million. Its current ratio was 2.58.
Related: AIT income statement, AIT cash flow statement, AIT key metrics. See the AIT stock overview for the latest quote and news.
AIT balance sheet FAQ
What are Applied Industrial Technologies's total assets?
Applied Industrial Technologies reported total assets of $3.0 billion at the end of fiscal 2026 (June 30, 2026), compared with $3.2 billion a year earlier.
How much debt does Applied Industrial Technologies have?
Applied Industrial Technologies had $483.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.26.
How much cash does Applied Industrial Technologies have?
Applied Industrial Technologies held $127.1 million in cash and short-term investments at the end of fiscal 2026; with $483.4 million of debt that is net debt of $356.3 million.
What is Applied Industrial Technologies's book value?
Applied Industrial Technologies's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2026, or $49.18 per share.
What is Applied Industrial Technologies's current ratio?
Applied Industrial Technologies had current assets of $1.6 billion and current liabilities of $612.4 million, a current ratio of 2.58 (it can cover its short-term obligations).
How much goodwill does Applied Industrial Technologies have?
Applied Industrial Technologies carried $1.0 billion of goodwill and intangible assets, 33.8% of total assets, at the end of fiscal 2026.