Air Products and Chemicals, Inc. (APD)

Solvency & Capital Structure

Total Debt

$18.16B

Net Debt

$17.18B

Air Products and Chemicals, Inc. currently has $18.16B in total debt. Net debt is $17.18B after cash offsets.

Financial Fundamentals

APD • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	18.16	0.98	17.18	40.45	44.9%
2026-03-31	18.36	0.95	17.41	41.64	44.1%
2025-12-31	18.14	1.03	17.11	41.24	44.0%
2025-09-30	18.41	1.86	16.55	41.06	44.8%
2025-06-30	18.34	2.32	16.02	41.66	44.0%
2025-03-31	16.50	1.60	14.89	38.87	42.4%
2024-12-31	15.13	1.96	13.16	40.02	37.8%
2024-09-30	15.01	2.98	12.02	39.57	37.9%
2024-06-30	14.67	2.44	12.23	36.97	39.7%
2024-03-31	14.27	2.64	11.64	35.92	39.7%
2023-12-31	12.74	2.23	10.51	34.12	37.3%
2023-09-30	11.03	1.95	9.08	32.00	34.5%
2023-06-30	10.03	1.91	8.12	30.93	32.4%
2023-03-31	9.77	2.51	7.26	29.44	33.2%
2022-12-31	8.69	3.15	5.53	28.28	30.7%
2022-09-30	8.33	3.30	5.03	27.19	30.6%
2022-06-30	7.59	3.31	4.27	27.49	27.6%
2022-03-31	7.44	3.20	4.24	27.45	27.1%
2021-12-31	7.38	3.68	3.70	27.13	27.2%
2021-09-30	8.22	5.80	2.42	26.86	30.6%
2021-06-30	7.67	5.82	1.85	26.25	29.2%
2021-03-31	8.00	6.20	1.81	26.16	30.6%
2020-12-31	8.01	6.20	1.81	26.09	30.7%
2020-09-30	8.31	6.36	1.96	25.17	33.0%
2020-06-30	8.59	6.44	2.15	24.78	34.7%
2020-03-31	3.31	2.22	1.09	19.50	17.0%
2019-12-31	3.34	2.41	0.94	19.65	17.0%
2019-09-30	3.33	2.41	0.91	18.94	17.6%
2019-06-30	3.82	2.70	1.12	19.53	19.6%
2019-03-31	3.79	2.74	1.05	19.24	19.7%
2018-12-31	3.77	2.94	0.83	19.14	19.7%
2018-09-30	3.81	2.98	0.84	19.18	19.9%
2018-06-30	3.87	2.99	0.88	19.21	20.2%
2018-03-31	3.57	3.20	0.36	18.51	19.3%
2017-12-31	3.51	3.13	0.38	18.21	19.3%
2017-09-30	3.96	3.68	0.29	18.47	21.5%
2017-06-30	3.93	3.35	0.58	17.85	22.0%
2017-03-31	3.84	3.29	0.55	17.87	21.5%
2016-12-31	4.32	0.66	3.66	15.96	27.1%
2016-09-30	5.21	1.29	3.92	18.03	28.9%
2016-06-30	5.68	0.51	5.17	17.08	33.3%
2016-03-31	5.82	0.31	5.50	16.81	34.6%
2015-12-31	5.82	0.28	5.54	17.26	33.7%
2015-09-30	5.88	0.21	5.67	17.33	33.9%
2015-06-30	5.86	0.22	5.65	17.67	33.2%
2015-03-31	5.93	0.20	5.73	17.49	33.9%
2014-12-31	6.09	0.24	5.85	17.64	34.5%
2014-09-30	6.12	0.34	5.78	17.78	34.4%
2014-06-30	6.14	0.34	5.80	18.32	33.5%
2014-03-31	6.17	0.36	5.81	17.96	34.3%
2013-12-31	6.17	0.39	5.78	17.92	34.4%
2013-09-30	6.27	0.45	5.82	17.85	35.1%
2013-06-30	6.13	0.42	5.71	17.49	35.0%
2013-03-31	5.98	0.40	5.58	17.22	34.7%
2012-12-31	6.04	0.55	5.49	17.39	34.7%
2012-09-30	5.29	0.45	4.84	16.94	31.2%
2012-06-30	4.22	0.36	3.86	14.88	28.3%
2012-03-31	4.74	0.32	4.42	14.96	31.7%
2011-12-31	4.62	0.41	4.21	14.39	32.1%
2011-09-30	4.56	0.42	4.14	14.29	31.9%
2011-06-30	4.50	0.43	4.07	14.45	31.1%
2011-03-31	4.40	0.27	4.13	13.82	31.8%
2010-12-31	3.99	0.25	3.74	13.46	29.7%
2010-09-30	4.13	0.37	3.75	13.51	30.6%
2010-06-30	4.19	0.41	3.78	13.00	32.2%
2010-03-31	4.34	0.23	4.11	13.15	33.0%
2009-12-31	4.42	0.32	4.10	12.91	34.2%
2009-09-30	4.50	0.49	4.01	13.03	34.5%
2009-06-30	4.15	0.07	4.07	12.24	33.9%
2009-03-31	4.10	0.08	4.02	11.88	34.5%
2008-12-31	4.17	0.12	4.05	12.25	34.0%
2008-09-30	3.97	0.10	3.86	12.57	31.6%
2008-06-30	4.03	0.13	3.90	13.08	30.8%
2008-03-31	4.39	0.14	4.25	13.23	33.2%
2007-12-31	3.98	0.10	3.88	13.01	30.5%
2007-09-30	3.68	0.04	3.64	12.66	29.0%
2007-06-30	3.78	0.03	3.75	12.57	30.1%
2007-03-31	3.31	0.04	3.28	11.88	27.9%
2006-12-31	3.15	0.06	3.09	11.50	27.4%
2006-09-30	2.85	0.04	2.81	11.18	25.5%
2006-06-30	2.98	0.06	2.92	11.29	26.4%
2006-03-31	2.80	0.07	2.73	11.03	25.4%
2005-12-31	2.61	0.07	2.54	10.62	24.5%
2005-09-30	2.50	0.06	2.44	10.41	24.0%
2005-06-30	2.51	0.08	2.43	10.31	24.4%
2005-03-31	2.51	0.41	2.10	10.71	23.5%
2004-12-31	2.57	0.27	2.29	10.65	24.1%
2004-09-30	2.39	0.15	2.25	10.04	23.8%
2004-06-30	2.46	0.09	2.37	9.93	24.8%
2004-03-31	2.65	0.14	2.51	9.96	26.6%
2003-12-31	2.57	0.09	2.48	9.79	26.3%
2003-09-30	2.51	0.08	2.43	9.43	26.6%
2003-06-30	2.37	0.14	2.23	8.95	26.5%
2003-03-31	2.42	0.07	2.35	8.84	27.4%
2002-12-31	2.40	0.10	2.30	8.68	27.7%
2002-09-30	2.38	0.25	2.13	8.49	28.1%
2002-06-30	2.21	0.19	2.03	8.24	26.9%
2002-03-31	2.08	0.10	1.98	7.87	26.5%
2001-12-31	2.40	0.07	2.34	8.04	29.9%
2001-09-30	2.48	0.07	2.41	8.08	30.6%
2001-06-30	2.91	0.12	2.80	8.22	35.5%
2001-03-31	3.03	0.10	2.93	8.28	36.5%
2000-12-31	2.96	0.09	2.88	8.30	35.7%
2000-09-30	3.04	0.09	2.95	8.27	36.8%
2000-06-30	3.59	0.11	3.48	8.57	41.9%
2000-03-31	3.06	0.09	2.97	8.57	35.7%
1999-12-31	3.10	0.08	3.02	8.51	36.3%
1999-09-30	2.84	0.06	2.78	8.24	34.5%
1999-06-30	2.83	0.08	2.75	8.01	35.4%
1999-03-31	2.72	0.09	2.64	7.79	34.9%
1998-12-31	2.69	0.06	2.63	7.72	34.8%
1998-09-30	2.70	0.06	2.64	7.49	36.0%
1998-06-30	2.62	0.11	2.51	7.35	35.7%
1998-03-31	2.47	0.09	2.38	7.16	34.5%
1997-12-31	2.35	0.09	2.26	7.07	33.2%
1997-09-30	2.47	0.05	2.42	7.24	34.1%
1997-06-30	2.57	0.07	2.50	7.23	35.6%
1997-03-31	2.66	0.11	2.55	7.21	36.9%
1996-12-31	2.74	0.16	2.58	7.32	37.5%
1996-09-30	2.19	0.08	2.12	6.52	33.7%