Air Products and Chemicals Inc (APD) — Capital Reinvestment Ratio
Air Products and Chemicals Inc (APD) has a Capital Reinvestment Ratio of 1.39x as of December 2025, meaning it reinvests 1% of its operating cash flow ($900.70 Million) in capital expenditures ($1.25 Billion). Check APD tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air Products and Chemicals Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Air Products and Chemicals Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Air Products and Chemicals Inc operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Air Products and Chemicals Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Air Products and Chemicals Inc from 1989 to 2025. See free cash flow generation of Air Products and Chemicals Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.16x | $3.25 Billion | $7.02 Billion | ▲ +16.0% |
| 2024 | 1.86x | $3.65 Billion | $6.80 Billion | ▲ +29.2% |
| 2023 | 1.44x | $3.21 Billion | $4.63 Billion | ▲ +59.3% |
| 2022 | 0.91x | $3.23 Billion | $2.93 Billion | ▲ +22.9% |
| 2021 | 0.74x | $3.34 Billion | $2.46 Billion | ▼ -4.1% |
| 2020 | 0.77x | $3.26 Billion | $2.51 Billion | ▲ +14.7% |
| 2019 | 0.67x | $2.97 Billion | $1.99 Billion | ▲ +8.6% |
| 2018 | 0.62x | $2.54 Billion | $1.57 Billion | ▼ -7.0% |
| 2017 | 0.66x | $1.57 Billion | $1.04 Billion | ▲ +94.4% |
| 2016 | 0.34x | $2.66 Billion | $907.70 Million | ▼ -48.5% |
| 2015 | 0.66x | $2.44 Billion | $1.61 Billion | ▼ -14.0% |
| 2014 | 0.77x | $2.19 Billion | $1.68 Billion | ▼ -20.8% |
| 2013 | 0.97x | $1.57 Billion | $1.52 Billion | ▲ +15.0% |
| 2012 | 0.85x | $1.80 Billion | $1.52 Billion | ▲ +9.7% |
| 2011 | 0.77x | $1.75 Billion | $1.35 Billion | ▲ +13.9% |
| 2010 | 0.68x | $1.52 Billion | $1.03 Billion | ▼ -24.0% |
| 2009 | 0.89x | $1.32 Billion | $1.18 Billion | ▲ +38.0% |
| 2008 | 0.65x | $1.68 Billion | $1.09 Billion | ▼ -8.3% |
| 2007 | 0.70x | $1.50 Billion | $1.05 Billion | ▼ -24.8% |
| 2006 | 0.94x | $1.35 Billion | $1.26 Billion | ▲ +38.7% |
| 2005 | 0.68x | $1.38 Billion | $929.50 Million | ▲ +4.0% |
| 2004 | 0.65x | $1.09 Billion | $705.50 Million | ▲ +9.8% |
| 2003 | 0.59x | $1.04 Billion | $612.90 Million | ▲ +0.3% |
| 2002 | 0.59x | $1.06 Billion | $627.60 Million | ▼ -9.7% |
| 2001 | 0.65x | $1.08 Billion | $708.30 Million | ▼ -0.1% |
| 2000 | 0.65x | $1.17 Billion | $767.70 Million | ▼ -19.9% |
| 1999 | 0.82x | $1.09 Billion | $888.90 Million | ▲ +3.1% |
| 1998 | 0.79x | $973.70 Million | $770.90 Million | ▼ -6.0% |
| 1997 | 0.84x | $1.03 Billion | $870.20 Million | ▼ -33.1% |
| 1996 | 1.26x | $756.00 Million | $951.00 Million | ▲ +3.8% |
| 1995 | 1.21x | $718.00 Million | $870.00 Million | ▲ +48.9% |
| 1994 | 0.81x | $751.00 Million | $611.10 Million | ▼ -3.1% |
| 1993 | 0.84x | $584.40 Million | $490.60 Million | ▲ +17.7% |
| 1992 | 0.71x | $599.20 Million | $427.50 Million | ▼ -12.7% |
| 1991 | 0.82x | $619.30 Million | $506.40 Million | ▼ -7.7% |
| 1990 | 0.89x | $527.50 Million | $467.50 Million | ▼ -4.7% |
| 1989 | 0.93x | $444.80 Million | $413.70 Million | — |