Air Products and Chemicals Inc (APD) — Financial Flexibility Index
Air Products and Chemicals Inc (APD) has a Financial Flexibility Index of 0.09x as of December 2025. Free cash flow of $2.15 Billion (operating CF $900.70 Million minus capex $1.25 Billion) represents 0% of total liabilities ($23.40 Billion). Check Air Products and Chemicals Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Air Products and Chemicals Inc Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Air Products and Chemicals Inc across 37 annual periods. For the full cash flow conversion analysis, see how efficiently does Air Products and Chemicals Inc generate cash.
Annual Financial Flexibility Index for Air Products and Chemicals Inc (1989–2025)
Year-by-year free cash flow to debt coverage for Air Products and Chemicals Inc. Explore Air Products and Chemicals Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.43x | $10.27 Billion | $3.25 Billion | $23.71 Billion | ▼ -13.3% |
| 2024 | 0.50x | $10.44 Billion | $3.65 Billion | $20.90 Billion | ▲ +4.2% |
| 2023 | 0.48x | $7.83 Billion | $3.21 Billion | $16.34 Billion | ▲ +5.0% |
| 2022 | 0.46x | $6.16 Billion | $3.23 Billion | $13.49 Billion | ▲ +0.4% |
| 2021 | 0.45x | $5.81 Billion | $3.34 Billion | $12.77 Billion | ▲ +0.2% |
| 2020 | 0.45x | $5.77 Billion | $3.26 Billion | $12.73 Billion | ▼ -30.9% |
| 2019 | 0.66x | $4.96 Billion | $2.97 Billion | $7.55 Billion | ▲ +27.8% |
| 2018 | 0.51x | $4.11 Billion | $2.54 Billion | $8.00 Billion | ▲ +63.1% |
| 2017 | 0.31x | $2.61 Billion | $1.57 Billion | $8.28 Billion | ▼ -4.6% |
| 2016 | 0.33x | $3.57 Billion | $2.66 Billion | $10.82 Billion | ▼ -19.0% |
| 2015 | 0.41x | $4.05 Billion | $2.44 Billion | $9.95 Billion | ▲ +7.9% |
| 2014 | 0.38x | $3.87 Billion | $2.19 Billion | $10.26 Billion | ▲ +30.0% |
| 2013 | 0.29x | $3.09 Billion | $1.57 Billion | $10.65 Billion | ▼ -9.8% |
| 2012 | 0.32x | $3.32 Billion | $1.80 Billion | $10.32 Billion | ▼ -13.5% |
| 2011 | 0.37x | $3.10 Billion | $1.75 Billion | $8.35 Billion | ▲ +13.4% |
| 2010 | 0.33x | $2.55 Billion | $1.52 Billion | $7.79 Billion | ▲ +6.1% |
| 2009 | 0.31x | $2.50 Billion | $1.32 Billion | $8.10 Billion | ▼ -17.3% |
| 2008 | 0.37x | $2.76 Billion | $1.68 Billion | $7.40 Billion | ▲ +2.2% |
| 2007 | 0.37x | $2.55 Billion | $1.50 Billion | $6.99 Billion | ▼ -14.8% |
| 2006 | 0.43x | $2.61 Billion | $1.35 Billion | $6.08 Billion | ▲ +5.7% |
| 2005 | 0.41x | $2.31 Billion | $1.38 Billion | $5.68 Billion | ▲ +22.9% |
| 2004 | 0.33x | $1.79 Billion | $1.09 Billion | $5.43 Billion | ▲ +10.2% |
| 2003 | 0.30x | $1.65 Billion | $1.04 Billion | $5.50 Billion | ▼ -14.1% |
| 2002 | 0.35x | $1.69 Billion | $1.06 Billion | $4.85 Billion | ▼ -5.4% |
| 2001 | 0.37x | $1.79 Billion | $1.08 Billion | $4.86 Billion | ▲ +1.3% |
| 2000 | 0.36x | $1.94 Billion | $1.17 Billion | $5.33 Billion | ▼ -5.3% |
| 1999 | 0.38x | $1.98 Billion | $1.09 Billion | $5.15 Billion | ▲ +6.2% |
| 1998 | 0.36x | $1.74 Billion | $973.70 Million | $4.82 Billion | ▼ -12.6% |
| 1997 | 0.41x | $1.90 Billion | $1.03 Billion | $4.60 Billion | ▼ -4.2% |
| 1996 | 0.43x | $1.71 Billion | $756.00 Million | $3.95 Billion | ▼ -6.9% |
| 1995 | 0.46x | $1.59 Billion | $718.00 Million | $3.42 Billion | ▼ -3.5% |
| 1994 | 0.48x | $1.36 Billion | $751.00 Million | $2.83 Billion | ▲ +19.1% |
| 1993 | 0.40x | $1.07 Billion | $584.40 Million | $2.66 Billion | ▼ -5.8% |
| 1992 | 0.43x | $1.03 Billion | $599.20 Million | $2.39 Billion | ▼ -9.1% |
| 1991 | 0.47x | $1.13 Billion | $619.30 Million | $2.39 Billion | ▲ +4.8% |
| 1990 | 0.45x | $995.00 Million | $527.50 Million | $2.21 Billion | ▲ +0.7% |
| 1989 | 0.45x | $858.50 Million | $444.80 Million | $1.92 Billion | — |