Air Products and Chemicals Inc (APD) — Cash Flow-to-Debt Ratio
Air Products and Chemicals Inc (APD) has a Cash Flow-to-Debt Ratio of 0.04x as of December 2025, meaning its operating cash flow of $900.70 Million could theoretically repay 0% of its total liabilities ($23.40 Billion) in one year. See financial agility of Air Products and Chemicals Inc to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Air Products and Chemicals Inc Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Air Products and Chemicals Inc across 37 annual periods. For the full cash flow conversion analysis, see APD operating cash flow.
Annual Cash Flow-to-Debt Ratio for Air Products and Chemicals Inc (1989–2025)
Year-by-year debt coverage analysis for Air Products and Chemicals Inc. Check Air Products and Chemicals Inc (APD) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.14x | $3.25 Billion | $23.71 Billion | ▼ -21.5% |
| 2024 | 0.17x | $3.65 Billion | $20.90 Billion | ▼ -11.1% |
| 2023 | 0.20x | $3.21 Billion | $16.34 Billion | ▼ -18.1% |
| 2022 | 0.24x | $3.23 Billion | $13.49 Billion | ▼ -8.5% |
| 2021 | 0.26x | $3.34 Billion | $12.77 Billion | ▲ +2.0% |
| 2020 | 0.26x | $3.26 Billion | $12.73 Billion | ▼ -34.7% |
| 2019 | 0.39x | $2.97 Billion | $7.55 Billion | ▲ +23.8% |
| 2018 | 0.32x | $2.54 Billion | $8.00 Billion | ▲ +67.8% |
| 2017 | 0.19x | $1.57 Billion | $8.28 Billion | ▼ -23.0% |
| 2016 | 0.25x | $2.66 Billion | $10.82 Billion | ▲ +0.4% |
| 2015 | 0.24x | $2.44 Billion | $9.95 Billion | ▲ +14.9% |
| 2014 | 0.21x | $2.19 Billion | $10.26 Billion | ▲ +44.9% |
| 2013 | 0.15x | $1.57 Billion | $10.65 Billion | ▼ -15.6% |
| 2012 | 0.17x | $1.80 Billion | $10.32 Billion | ▼ -17.0% |
| 2011 | 0.21x | $1.75 Billion | $8.35 Billion | ▲ +7.4% |
| 2010 | 0.20x | $1.52 Billion | $7.79 Billion | ▲ +19.7% |
| 2009 | 0.16x | $1.32 Billion | $8.10 Billion | ▼ -28.0% |
| 2008 | 0.23x | $1.68 Billion | $7.40 Billion | ▲ +5.8% |
| 2007 | 0.21x | $1.50 Billion | $6.99 Billion | ▼ -3.2% |
| 2006 | 0.22x | $1.35 Billion | $6.08 Billion | ▼ -8.5% |
| 2005 | 0.24x | $1.38 Billion | $5.68 Billion | ▲ +21.0% |
| 2004 | 0.20x | $1.09 Billion | $5.43 Billion | ▲ +6.3% |
| 2003 | 0.19x | $1.04 Billion | $5.50 Billion | ▼ -14.2% |
| 2002 | 0.22x | $1.06 Billion | $4.85 Billion | ▼ -1.6% |
| 2001 | 0.22x | $1.08 Billion | $4.86 Billion | ▲ +1.3% |
| 2000 | 0.22x | $1.17 Billion | $5.33 Billion | ▲ +4.0% |
| 1999 | 0.21x | $1.09 Billion | $5.15 Billion | ▲ +4.8% |
| 1998 | 0.20x | $973.70 Million | $4.82 Billion | ▼ -10.2% |
| 1997 | 0.22x | $1.03 Billion | $4.60 Billion | ▲ +17.4% |
| 1996 | 0.19x | $756.00 Million | $3.95 Billion | ▼ -8.8% |
| 1995 | 0.21x | $718.00 Million | $3.42 Billion | ▼ -20.8% |
| 1994 | 0.27x | $751.00 Million | $2.83 Billion | ▲ +20.8% |
| 1993 | 0.22x | $584.40 Million | $2.66 Billion | ▼ -12.2% |
| 1992 | 0.25x | $599.20 Million | $2.39 Billion | ▼ -3.6% |
| 1991 | 0.26x | $619.30 Million | $2.39 Billion | ▲ +8.8% |
| 1990 | 0.24x | $527.50 Million | $2.21 Billion | ▲ +3.0% |
| 1989 | 0.23x | $444.80 Million | $1.92 Billion | — |