Air Products and Chemicals Inc (APD) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Air Products and Chemicals Inc (APD) has a cash flow conversion efficiency ratio of 0.050x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($900.70 Million) by net assets ($17.84 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See APD defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Air Products and Chemicals Inc - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how Air Products and Chemicals Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Air Products and Chemicals Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Air Products and Chemicals Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NETEASE INC. O.N.
F:4Y01
|
0.090x |
|
Petróleo Brasileiro S.A. - Petrobras
SA:PETR3
|
0.092x |
|
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
|
0.034x |
|
ENGIE ADR/1 EO 1
F:GZFB
|
N/A |
|
Larsen & Toubro Limited
NSE:LT
|
0.030x |
|
NetEase Inc
F:NEH
|
0.080x |
|
Yageo Corp
TW:2327
|
0.051x |
|
Larsen & Toubro Limited
IL:LTOD
|
N/A |
Annual Cash Flow Conversion Efficiency for Air Products and Chemicals Inc (1989–2025)
The table below shows the annual cash flow conversion efficiency of Air Products and Chemicals Inc from 1989 to 2025. For the full company profile with market capitalisation and key ratios, see how much is Air Products and Chemicals Inc worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | $17.35 Billion | $3.25 Billion | 0.187x | -4.11% |
| 2024-09-30 | $18.67 Billion | $3.65 Billion | 0.195x | -4.62% |
| 2023-09-30 | $15.66 Billion | $3.21 Billion | 0.205x | -13.15% |
| 2022-09-30 | $13.70 Billion | $3.23 Billion | 0.236x | -0.62% |
| 2021-09-30 | $14.09 Billion | $3.34 Billion | 0.237x | -9.59% |
| 2020-09-30 | $12.44 Billion | $3.26 Billion | 0.262x | +0.61% |
| 2019-09-30 | $11.39 Billion | $2.97 Billion | 0.261x | +14.66% |
| 2018-09-30 | $11.18 Billion | $2.54 Billion | 0.227x | +47.75% |
| 2017-09-30 | $10.19 Billion | $1.57 Billion | 0.154x | -58.27% |
| 2016-09-30 | $7.21 Billion | $2.66 Billion | 0.369x | +11.68% |
| 2015-09-30 | $7.38 Billion | $2.44 Billion | 0.330x | +13.58% |
| 2014-09-30 | $7.52 Billion | $2.19 Billion | 0.291x | +33.55% |
| 2013-09-30 | $7.20 Billion | $1.57 Billion | 0.218x | -19.82% |
| 2012-09-30 | $6.62 Billion | $1.80 Billion | 0.272x | -8.02% |
| 2011-09-30 | $5.94 Billion | $1.75 Billion | 0.295x | +10.49% |
| 2010-09-30 | $5.70 Billion | $1.52 Billion | 0.267x | -0.43% |
| 2009-09-30 | $4.93 Billion | $1.32 Billion | 0.268x | -17.45% |
| 2008-09-30 | $5.17 Billion | $1.68 Billion | 0.325x | +23.15% |
| 2007-09-30 | $5.67 Billion | $1.50 Billion | 0.264x | +0.04% |
| 2006-09-30 | $5.10 Billion | $1.35 Billion | 0.264x | -9.35% |
| 2005-09-30 | $4.73 Billion | $1.38 Billion | 0.291x | +23.65% |
| 2004-09-30 | $4.61 Billion | $1.09 Billion | 0.235x | -10.72% |
| 2003-09-30 | $3.93 Billion | $1.04 Billion | 0.264x | -9.67% |
| 2002-09-30 | $3.64 Billion | $1.06 Billion | 0.292x | -13.19% |
| 2001-09-30 | $3.22 Billion | $1.08 Billion | 0.336x | -15.89% |
| 2000-09-30 | $2.94 Billion | $1.17 Billion | 0.400x | +13.40% |
| 1999-09-30 | $3.09 Billion | $1.09 Billion | 0.353x | -3.43% |
| 1998-09-30 | $2.67 Billion | $973.70 Million | 0.365x | -6.45% |
| 1997-09-30 | $2.65 Billion | $1.03 Billion | 0.390x | +32.86% |
| 1996-09-30 | $2.57 Billion | $756.00 Million | 0.294x | -1.91% |
| 1995-09-30 | $2.40 Billion | $718.00 Million | 0.299x | -12.03% |
| 1994-09-30 | $2.21 Billion | $751.00 Million | 0.340x | +22.42% |
| 1993-09-30 | $2.10 Billion | $584.40 Million | 0.278x | -2.66% |
| 1992-09-30 | $2.10 Billion | $599.20 Million | 0.286x | -15.07% |
| 1991-09-30 | $1.84 Billion | $619.30 Million | 0.336x | +7.65% |
| 1990-09-30 | $1.69 Billion | $527.50 Million | 0.312x | +1.49% |
| 1989-09-30 | $1.44 Billion | $444.80 Million | 0.308x | -- |
About Air Products and Chemicals Inc
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in… Read more