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 APD strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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. See Air Products and Chemicals Inc (APD) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. For the full company profile including market capitalisation, see market cap of Air Products and Chemicals Inc.
| 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 | — |