Air Products and Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Air Products and Chemicals has a total shareholder equity of $16.1B and total debt of $12.2B, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are $34.1B and $18.0B respectively. Air Products and Chemicals's EBIT is $2.7B making its interest coverage ratio 14. It has cash and short-term investments of $2.2B.
Key information
75.4%
Debt to equity ratio
US$12.17b
Debt
Interest coverage ratio | 14x |
Cash | US$2.24b |
Equity | US$16.13b |
Total liabilities | US$17.99b |
Total assets | US$34.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HBH's short term assets ($5.6B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: 0HBH's short term assets ($5.6B) do not cover its long term liabilities ($14.9B).
Debt to Equity History and Analysis
Debt Level: 0HBH's net debt to equity ratio (61.5%) is considered high.
Reducing Debt: 0HBH's debt to equity ratio has increased from 33.7% to 75.4% over the past 5 years.
Debt Coverage: 0HBH's debt is well covered by operating cash flow (25.6%).
Interest Coverage: 0HBH's interest payments on its debt are well covered by EBIT (14x coverage).