Air Products and Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Air Products and Chemicals has a total shareholder equity of $16.3B and total debt of $13.7B, which brings its debt-to-equity ratio to 83.8%. Its total assets and total liabilities are $35.9B and $19.6B respectively. Air Products and Chemicals's EBIT is $2.7B making its interest coverage ratio 13. It has cash and short-term investments of $2.6B.
Key information
83.8%
Debt to equity ratio
US$13.69b
Debt
Interest coverage ratio | 13x |
Cash | US$2.65b |
Equity | US$16.33b |
Total liabilities | US$19.59b |
Total assets | US$35.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AP3's short term assets ($6.1B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: AP3's short term assets ($6.1B) do not cover its long term liabilities ($15.5B).
Debt to Equity History and Analysis
Debt Level: AP3's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: AP3's debt to equity ratio has increased from 33.1% to 83.8% over the past 5 years.
Debt Coverage: AP3's debt is well covered by operating cash flow (23.9%).
Interest Coverage: AP3's interest payments on its debt are well covered by EBIT (13x coverage).