Final answer:
Parker Industries has a higher debt ratio compared to the industry average, indicating a higher dependence on borrowed funds.
Step-by-step explanation:
The debt ratio is a financial ratio that indicates the proportion of a company's total debt to its total assets. It is calculated by dividing total debt by total assets. In this case, Parker Industries has a debt ratio of 48.2%, which is higher than the industry average of 43.5%.
This means that Parker Industries has a higher proportion of debt compared to its total assets compared to other companies in the industry. A higher debt ratio can indicate a higher risk for the company as it implies a higher dependence on borrowed funds.
It is important for companies to carefully manage their debt to maintain a healthy financial position and avoid excessive risk.