Air Products and Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Air Products and Chemicals has a total shareholder equity of $16.8B and total debt of $15.9B, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are $38.9B and $22.1B respectively. Air Products and Chemicals's EBIT is $2.8B making its interest coverage ratio 13.4. It has cash and short-term investments of $1.6B.
Key information
94.73%
Debt to equity ratio
US$15.90b
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$1.61b |
| Equity | US$16.78b |
| Total liabilities | US$22.09b |
| Total assets | US$38.87b |
Recent financial health updates
Is Air Products and Chemicals (NYSE:APD) Using Too Much Debt?
Feb 24
Does Air Products and Chemicals (NYSE:APD) Have A Healthy Balance Sheet?
Sep 10Recent updates
Air Products and Chemicals: Margin Rebound To Drive Earnings Surge
Jun 23A Look At The Intrinsic Value Of Air Products and Chemicals, Inc. (NYSE:APD)
May 16Here's Why Air Products and Chemicals (NYSE:APD) Has Caught The Eye Of Investors
Apr 18The Returns On Capital At Air Products and Chemicals (NYSE:APD) Don't Inspire Confidence
Apr 06At US$293, Is It Time To Put Air Products and Chemicals, Inc. (NYSE:APD) On Your Watch List?
Mar 25Air Products and Chemicals: Why I'm Bullish On This Hydrogen Stock
Mar 21Air Products And Chemicals: New Management Team Is Derisking The Company's Project Pipeline, Buy Confirmed
Mar 11Is Air Products and Chemicals (NYSE:APD) Using Too Much Debt?
Feb 24Air Products and Chemicals, Inc. (NYSE:APD) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 10Air Products and Chemicals: Q1 Results Unlikely To Resolve Significant Uncertainty
Feb 05Air Products and Chemicals, Inc.'s (NYSE:APD) Shareholders Might Be Looking For Exit
Feb 01With EPS Growth And More, Air Products and Chemicals (NYSE:APD) Makes An Interesting Case
Jan 01Air Products And Chemicals: This Dividend Aristocrat Remains Buyable Now
Dec 28Is It Too Late To Consider Buying Air Products and Chemicals, Inc. (NYSE:APD)?
Dec 17Air Products and Chemicals: Why This Dividend Aristocrat And Hydrogen Leader Is A Buy
Dec 16Air Products and Chemicals' (NYSE:APD) Earnings Might Not Be As Promising As They Seem
Nov 18Air Products And Chemicals: 2 Strategies For A Dividend Champion (Technical Analysis)
Nov 18Are Investors Undervaluing Air Products and Chemicals, Inc. (NYSE:APD) By 35%?
Nov 10Air Products and Chemicals: Mixed Results Offset By Lower Capital Spending (Rating Downgrade)
Nov 08Air Products: A Low-Risk Bet On Clean Hydrogen Future
Oct 31Shareholders Should Be Pleased With Air Products and Chemicals, Inc.'s (NYSE:APD) Price
Oct 17Air Products and Chemicals: Scoop Up This Dividend Aristocrat Now
Oct 03Does Air Products and Chemicals (NYSE:APD) Have A Healthy Balance Sheet?
Sep 10Why Air Products & Chemicals Deserves A Spot In Your Portfolio
Sep 01Air Products and Chemicals (NYSE:APD) Ticks All The Boxes When It Comes To Earnings Growth
Aug 28Is It Time To Consider Buying Air Products and Chemicals, Inc. (NYSE:APD)?
Aug 16Analysts Are Updating Their Air Products and Chemicals, Inc. (NYSE:APD) Estimates After Its Third-Quarter Results
Aug 03Air Products and Chemicals: Upside Remains After A Better Than Feared Quarter
Aug 01Air Products and Chemicals: Shifting To Hydrogen Is Forward-Looking But Risky
Jul 18Returns On Capital Signal Tricky Times Ahead For Air Products and Chemicals (NYSE:APD)
Jul 11Air Products And Chemicals: Low Volatility And Stellar Dividend Growth
Jun 07Air Products And Chemicals: Shares Can Rise As It Executes On Its Backlog
May 19Air Products and Chemicals: Perfect Combo Of 3% Income, Growth, Great Valuation
May 01Financial Position Analysis
Short Term Liabilities: APD's short term assets ($5.2B) do not cover its short term liabilities ($5.2B).
Long Term Liabilities: APD's short term assets ($5.2B) do not cover its long term liabilities ($16.9B).
Debt to Equity History and Analysis
Debt Level: APD's net debt to equity ratio (85.1%) is considered high.
Reducing Debt: APD's debt to equity ratio has increased from 28.3% to 94.7% over the past 5 years.
Debt Coverage: APD's debt is well covered by operating cash flow (21.1%).
Interest Coverage: APD's interest payments on its debt are well covered by EBIT (13.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/10 12:04 |
| End of Day Share Price | 2025/07/10 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Air Products and Chemicals, Inc. is covered by 46 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| David Manthey | Baird |
| Sergey Vasnetsov | Barclays |