Air Products and Chemicals Inc (APD) — Cash Flow Quality Index
Air Products and Chemicals Inc (APD) has a Cash Flow Quality Index of 1.33x as of December 2025. Operating cash flow of $900.70 Million exceeds net income of $678.20 Million, indicating high earnings quality where cash backs reported profits. Explore how well can Air Products and Chemicals Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Air Products and Chemicals Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Air Products and Chemicals Inc across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Air Products and Chemicals Inc operating cash flow efficiency.
Annual Cash Flow Quality Index for Air Products and Chemicals Inc (1989–2025)
Year-by-year earnings quality comparison for Air Products and Chemicals Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 663.02x | $3.25 Billion | $4.90 Million | ▲ +69754.7% |
| 2024 | 0.95x | $3.65 Billion | $3.84 Billion | ▼ -32.1% |
| 2023 | 1.40x | $3.21 Billion | $2.29 Billion | ▼ -2.9% |
| 2022 | 1.44x | $3.23 Billion | $2.24 Billion | ▼ -12.6% |
| 2021 | 1.65x | $3.34 Billion | $2.03 Billion | ▼ -4.1% |
| 2020 | 1.72x | $3.26 Billion | $1.90 Billion | ▲ +1.8% |
| 2019 | 1.69x | $2.97 Billion | $1.76 Billion | ▼ -3.4% |
| 2018 | 1.75x | $2.54 Billion | $1.46 Billion | ▲ +26.3% |
| 2017 | 1.38x | $1.57 Billion | $1.13 Billion | ▼ -42.9% |
| 2016 | 2.42x | $2.66 Billion | $1.10 Billion | ▲ +26.9% |
| 2015 | 1.91x | $2.44 Billion | $1.28 Billion | ▼ -13.9% |
| 2014 | 2.22x | $2.19 Billion | $987.10 Million | ▲ +42.0% |
| 2013 | 1.56x | $1.57 Billion | $1.00 Billion | ▼ -13.3% |
| 2012 | 1.80x | $1.80 Billion | $999.20 Million | ▲ +29.5% |
| 2011 | 1.39x | $1.75 Billion | $1.26 Billion | ▼ -6.1% |
| 2010 | 1.48x | $1.52 Billion | $1.03 Billion | ▼ -29.6% |
| 2009 | 2.10x | $1.32 Billion | $629.20 Million | ▲ +0.6% |
| 2008 | 2.09x | $1.68 Billion | $803.80 Million | ▲ +44.5% |
| 2007 | 1.45x | $1.50 Billion | $1.04 Billion | ▼ -22.3% |
| 2006 | 1.86x | $1.35 Billion | $723.40 Million | ▼ -3.7% |
| 2005 | 1.93x | $1.38 Billion | $711.70 Million | ▲ +7.5% |
| 2004 | 1.80x | $1.09 Billion | $604.10 Million | ▼ -31.1% |
| 2003 | 2.61x | $1.04 Billion | $397.30 Million | ▲ +28.8% |
| 2002 | 2.02x | $1.06 Billion | $525.40 Million | ▼ -13.0% |
| 2001 | 2.33x | $1.08 Billion | $465.60 Million | ▼ -75.4% |
| 2000 | 9.45x | $1.17 Billion | $124.20 Million | ▲ +291.1% |
| 1999 | 2.42x | $1.09 Billion | $450.50 Million | ▲ +35.7% |
| 1998 | 1.78x | $973.70 Million | $546.80 Million | ▼ -26.0% |
| 1997 | 2.41x | $1.03 Billion | $429.30 Million | ▲ +32.4% |
| 1996 | 1.82x | $756.00 Million | $416.00 Million | ▼ -6.9% |
| 1995 | 1.95x | $718.00 Million | $368.00 Million | ▼ -35.6% |
| 1994 | 3.03x | $751.00 Million | $247.80 Million | ▲ +4.2% |
| 1993 | 2.91x | $584.40 Million | $200.90 Million | ▲ +34.5% |
| 1992 | 2.16x | $599.20 Million | $277.00 Million | ▼ -13.1% |
| 1991 | 2.49x | $619.30 Million | $248.90 Million | ▲ +8.4% |
| 1990 | 2.29x | $527.50 Million | $229.90 Million | ▲ +14.6% |
| 1989 | 2.00x | $444.80 Million | $222.10 Million | — |