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Applied Industrial Technologies AIT Quick ratio

Quick ratio at other companies

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0.5×0.0×
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W.W. GraingerGWW
1.6×0.0×
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2.3×+0.2×
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1.9×+0.4×
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0.7×0.0×
IR
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1.5×-0.2×

Other financials

Income statement

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Revenue$1.3B+7.3%
Gross profit$380.8M+7.2%
Operating income$137.9M+6.6%
Net income$99.8M0.0%
EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%
Total debt$365.3M-36.2%
Total equity$1.9B+1.8%
Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%
CapEx$4.7M-37.3%
Free cash flow$95.4M-17.0%

Valuation

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Market cap$12.49B+14.4%
Enterprise value$12.68B+13.8%
P/E30.9×+2.9×
P/S2.6×+0.2×

Profitability

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Gross margin30.4%+0.1pp
Operating margin10.9%-0.3pp
Net margin8.3%-0.3pp
FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp
Debt / equity0.2×-0.1×
Current ratio2.9×-0.6×

Where this comes from

Calculated from Applied Industrial Technologies’s reported figures.

quick assets/total current liabilities=2×

Based on the most recent quarter.

The official record: Applied Industrial Technologies’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Industrial Technologies's quick ratio?
Applied Industrial Technologies (AIT) reported quick ratio of 2× in Q1 2026.
How has Applied Industrial Technologies's quick ratio changed year-over-year?
Applied Industrial Technologies's quick ratio decreased by 21.7% year-over-year, from 2.5× to 2×.
What is the long-term trend for Applied Industrial Technologies's quick ratio?
Over 4 years (2021 to 2025), Applied Industrial Technologies's quick ratio has grown at a 4.9% compound annual growth rate (CAGR), from 2× to 2.4×.
What does quick ratio mean?
Can the company cover short-term bills without having to sell inventory first?
How do you interpret quick ratio?
More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.
How does quick ratio compare across companies?
Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.