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 Air Products and Chemicals Inc (APD) balance sheet quality index to measure how much of total assets are equity-financed.
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. Check Air Products and Chemicals Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Comfort Systems USA Inc
NYSE:FIX
|
0.138x |
|
NETEASE INC. O.N.
F:4Y01
|
0.090x |
|
Airbnb Inc
NASDAQ:ABNB
|
0.224x |
|
Imperial Oil Ltd
TO:IMO
|
0.113x |
|
Vingroup JSC
VN:VIC
|
0.172x |
|
NetEase Inc
F:NEH
|
0.080x |
|
Astera Labs, Inc.
NASDAQ:ALAB
|
0.050x |
|
Alimentation Couchen Tard Inc A
TO:ATD
|
0.080x |
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 APD stock market capitalisation.
| 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