AIR LIQUIDE ADR 1/5/EO 11 (AILA) - Net Assets
Based on the latest financial reports, AIR LIQUIDE ADR 1/5/EO 11 (AILA) has net assets worth €26.95 Billion EUR (≈ $31.50 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€51.91 Billion ≈ $60.69 Billion USD) and total liabilities (€24.97 Billion ≈ $29.19 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of AIR LIQUIDE ADR 1/5/EO 11 to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €26.95 Billion |
| % of Total Assets | 51.91% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.86 |
AIR LIQUIDE ADR 1/5/EO 11 - Net Assets Trend (2021–2025)
This chart illustrates how AIR LIQUIDE ADR 1/5/EO 11's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see AIR LIQUIDE ADR 1/5/EO 11 stock valuation.
Annual Net Assets for AIR LIQUIDE ADR 1/5/EO 11 (2021–2025)
The table below shows the annual net assets of AIR LIQUIDE ADR 1/5/EO 11 from 2021 to 2025. Read AILA current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €26.95 Billion ≈ $31.50 Billion |
-2.44% |
| 2024-12-31 | €27.62 Billion ≈ $32.29 Billion |
+10.30% |
| 2023-12-31 | €25.04 Billion ≈ $29.28 Billion |
+1.92% |
| 2022-12-31 | €24.57 Billion ≈ $28.73 Billion |
+11.70% |
| 2021-12-31 | €22.00 Billion ≈ $25.72 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to AIR LIQUIDE ADR 1/5/EO 11's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €21.01 Billion | 80.17% |
| Other Components | €5.20 Billion | 19.83% |
| Total Equity | €26.21 Billion | 100.00% |
AIR LIQUIDE ADR 1/5/EO 11 Competitors by Market Cap
The table below lists competitors of AIR LIQUIDE ADR 1/5/EO 11 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medtronic plc
SA:MDTC34
|
$104.84 Billion |
|
Sanofi
F:SNW2
|
$105.72 Billion |
|
Lockheed Martin Corporation
NYSE:LMT
|
$106.03 Billion |
|
Bank of Montreal
TO:BMO
|
$106.09 Billion |
|
INTESA SANPAOLO ADR/6
F:IESJ
|
$103.85 Billion |
|
Zijin Mining Group Co Ltd Class A
SHG:601899
|
$103.43 Billion |
|
CME Group Inc
NASDAQ:CME
|
$103.42 Billion |
|
Trane Technologies plc
NYSE:TT
|
$103.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AIR LIQUIDE ADR 1/5/EO 11's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,860,000,000 to 26,213,900,000, a change of -646,100,000 (-2.4%).
- Net income of 3,517,900,000 contributed positively to equity growth.
- Dividend payments of 1,955,000,000 reduced retained earnings.
- Share repurchases of 4,000,000 reduced equity.
- New share issuances of 139,500,000 increased equity.
- Other factors decreased equity by 2,344,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.52 Billion | +13.42% |
| Dividends Paid | €1.96 Billion | -7.46% |
| Share Repurchases | €4.00 Million | -0.02% |
| Share Issuances | €139.50 Million | +0.53% |
| Other Changes | €-2.34 Billion | -8.94% |
| Total Change | €- | -2.41% |
Book Value vs Market Value Analysis
This analysis compares AIR LIQUIDE ADR 1/5/EO 11's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.98x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €37.42 | €36.60 | x |
| 2022-12-31 | €41.32 | €36.60 | x |
| 2023-12-31 | €42.26 | €36.60 | x |
| 2024-12-31 | €46.60 | €36.60 | x |
| 2025-12-31 | €45.36 | €36.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AIR LIQUIDE ADR 1/5/EO 11 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.06%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.98x
- Recent ROE (13.42%) is above the historical average (12.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.98% | 11.02% | 0.50x | 2.18x | €425.97 Million |
| 2022 | 11.62% | 9.22% | 0.60x | 2.09x | €385.16 Million |
| 2023 | 12.66% | 11.15% | 0.57x | 1.99x | €645.85 Million |
| 2024 | 12.31% | 12.22% | 0.52x | 1.93x | €620.10 Million |
| 2025 | 13.42% | 13.06% | 0.52x | 1.98x | €896.51 Million |
Industry Comparison
This section compares AIR LIQUIDE ADR 1/5/EO 11's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $594,206,842
- Average return on equity (ROE) among peers: -27.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AIR LIQUIDE ADR 1/5/EO 11 (AILA) | €26.95 Billion | 11.98% | 0.93x | $103.86 Billion |
| GRAPHENE MANUFACT.GROUP (0GF) | $2.03 Million | 0.00% | 1.43x | $152.93 Million |
| Orion Engineered Carbons SA (0OE) | $99.89 Million | 80.26% | 10.70x | $318.41 Million |
| H&R GmbH & Co. KGaA (2HRA) | $241.14 Million | 15.96% | 1.63x | $183.88 Million |
| Dotz Nano Ltd (57N) | $4.06 Million | -195.35% | 0.31x | $1.62 Million |
| EXPLOS. PROD. CHIM.EO 31 (9Z50) | $126.38 Million | 13.98% | 2.40x | $536.15 Million |
| Altech Chemicals Ltd (A3Y) | $33.88 Million | -176.29% | 0.32x | $27.76 Million |
| AlzChem Group AG (ACT) | $258.23 Million | 24.57% | 1.39x | $1.83 Billion |
| AKZO NOBEL SPONS.ADRS 1/3 (AKUP) | $4.55 Billion | 7.74% | 2.24x | $8.57 Billion |
| BRAIN Biotech AG (BNN) | $34.25 Million | -19.24% | 1.28x | $51.56 Million |
About AIR LIQUIDE ADR 1/5/EO 11
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, and Engineering & Construction segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carb… Read more