Air Products and Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Air Products and Chemicals has a total shareholder equity of $18.7B and total debt of $14.3B, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are $39.6B and $20.9B respectively. Air Products and Chemicals's EBIT is $2.8B making its interest coverage ratio 12. It has cash and short-term investments of $3.0B.
Key information
76.4%
Debt to equity ratio
US$14.26b
Debt
| Interest coverage ratio | 12x |
| Cash | US$2.99b |
| Equity | US$18.67b |
| Total liabilities | US$20.90b |
| Total assets | US$39.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AP3's short term assets ($6.4B) exceed its short term liabilities ($4.2B).
Long Term Liabilities: AP3's short term assets ($6.4B) do not cover its long term liabilities ($16.7B).
Debt to Equity History and Analysis
Debt Level: AP3's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: AP3's debt to equity ratio has increased from 29.1% to 76.4% over the past 5 years.
Debt Coverage: AP3's debt is well covered by operating cash flow (25.6%).
Interest Coverage: AP3's interest payments on its debt are well covered by EBIT (12x coverage).