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
Air Products and Chemicals (NYSE:APD) Has A Pretty Healthy Balance Sheet
Jan 31
Does Air Products and Chemicals (NYSE:APD) Have A Healthy Balance Sheet?
Sep 30Is Air Products and Chemicals (NYSE:APD) Using Too Much Debt?
Jun 12Air Products and Chemicals (NYSE:APD) Has A Pretty Healthy Balance Sheet
Feb 11We Think Air Products and Chemicals (NYSE:APD) Can Stay On Top Of Its Debt
Oct 23Recent updates
Air Products and Chemicals (NYSE:APD) Strong Profits May Be Masking Some Underlying Issues
May 07Air Products and Chemicals: Perfect Combo Of 3% Income, Growth, Great Valuation
May 01Air Products and Chemicals, Inc.'s (NYSE:APD) Popularity With Investors Is Clear
Apr 30Air Products And Chemicals: After Stock Decline, Is Hydrogen An Opportunity Or A Threat?
Apr 16Air Products And Chemicals: First Mover Advantage Not Priced In
Apr 05Air Products and Chemicals (NYSE:APD) Will Want To Turn Around Its Return Trends
Apr 04Air Products And Chemicals Is A Key Player In Energy Transition
Mar 16Air Products and Chemicals (NYSE:APD) Will Pay A Larger Dividend Than Last Year At $1.77
Mar 08Air Products and Chemicals: Betting On Tomorrow's Air, Today
Mar 05Opportunity Knocks: Why The Air Products and Chemicals Stock Implosion May Be A Gift
Feb 06Air Products and Chemicals (NYSE:APD) Has A Pretty Healthy Balance Sheet
Jan 31We Think Some Shareholders May Hesitate To Increase Air Products and Chemicals, Inc.'s (NYSE:APD) CEO Compensation
Jan 19Air Products and Chemicals: One Of My Favorite Holdings Is A Buy
Jan 12Why Air Products and Chemicals, Inc. (NYSE:APD) Could Be Worth Watching
Jan 08Shareholders Should Be Pleased With Air Products and Chemicals, Inc.'s (NYSE:APD) Price
Dec 25Air Products and Chemicals: Recent Investor Concerns Make It A Top Pick For 2024
Dec 21Undervalued Air Products and Chemicals Offers A Fantastic Mix Of Growth And Value
Dec 112 Dividend Aristocrats To Avoid
Dec 04Slowing Rates Of Return At Air Products and Chemicals (NYSE:APD) Leave Little Room For Excitement
Dec 01Air Products and Chemicals: Cost Overruns Scare The Market
Nov 07Estimating The Fair Value Of Air Products and Chemicals, Inc. (NYSE:APD)
Oct 13Does Air Products and Chemicals (NYSE:APD) Have A Healthy Balance Sheet?
Sep 30Air Products and Chemicals: Future Dividend King With Accelerating Growth
Sep 14Slowing Rates Of Return At Air Products and Chemicals (NYSE:APD) Leave Little Room For Excitement
Aug 25Air Products and Chemicals: It Doesn't Get Much Better Than This
Aug 16Is It Too Late To Consider Buying Air Products and Chemicals, Inc. (NYSE:APD)?
Aug 09Air Products and Chemicals: Increasing Backlog Will Likely Drive EPS Growth
Aug 07Growth, Yield, Aristocracy: Air Products and Chemicals' Trifecta
Jul 05Air Products and Chemicals, Inc.'s (NYSE:APD) Intrinsic Value Is Potentially 36% Above Its Share Price
Jun 26Is Air Products and Chemicals (NYSE:APD) Using Too Much Debt?
Jun 12Air Products And Chemicals Participates In The Hydrogen Revolution But At High Price
Jun 11Air Products and Chemicals: Growth Has A Price
May 31Is It Time To Consider Buying Air Products and Chemicals, Inc. (NYSE:APD)?
May 02Returns On Capital At Air Products and Chemicals (NYSE:APD) Have Stalled
Apr 19Here's Why Air Products and Chemicals (NYSE:APD) Has Caught The Eye Of Investors
Mar 26Air Products and Chemicals' (NYSE:APD) Upcoming Dividend Will Be Larger Than Last Year's
Feb 17Air Products And Chemicals: Short-Term Pain But Long-Term Gain
Feb 15Air Products and Chemicals (NYSE:APD) Has A Pretty Healthy Balance Sheet
Feb 11Air Products and Chemicals Q1 2023 Earnings Preview
Feb 01Air Products and Chemicals (NYSE:APD) Has Announced That It Will Be Increasing Its Dividend To $1.75
Jan 30Air Products and Chemicals raises dividend by 8% to $1.75
Jan 26Is It Time To Consider Buying Air Products and Chemicals, Inc. (NYSE:APD)?
Jan 20Investors Met With Slowing Returns on Capital At Air Products and Chemicals (NYSE:APD)
Jan 08The Hydrogen Revolution Is Nigh And Could Take Air Products Investors To A 2023 High
Dec 16Air Products and Chemicals Is Up Big, What To Do Now
Dec 10Air Products bags government funding for hydrogen energy complex in Alberta
Nov 08Air Products and Chemicals Q4 2022 Earnings Preview
Nov 02We Think Air Products and Chemicals (NYSE:APD) Can Stay On Top Of Its Debt
Oct 23Air Products: Long-Term Tailwinds Outweigh Risks From Europe And Inflation
Oct 12What Is Air Products and Chemicals, Inc.'s (NYSE:APD) Share Price Doing?
Oct 11Financial Position Analysis
Short Term Liabilities: APD's short term assets ($6.1B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: APD's short term assets ($6.1B) do not cover its long term liabilities ($15.5B).
Debt to Equity History and Analysis
Debt Level: APD's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: APD's debt to equity ratio has increased from 33.1% to 83.8% over the past 5 years.
Debt Coverage: APD's debt is well covered by operating cash flow (23.9%).
Interest Coverage: APD's interest payments on its debt are well covered by EBIT (13x coverage).