Air Products and Chemicals (APD) Debt/Equity Ratio: History & Chart

Air Products and Chemicals, Inc.(APD)

Chemicals - Specialty · Allentown, PA

$289.37-1.19 (-0.41%)

Delayed quote: Sep 16, 2026, 10:55 AM EDT

About Air Products and Chemicals, Inc.

Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases. APD is involved in the fabrication of crucial machinery for gas production and handling, including air separation units and non-cryogenic generators. These products and services cater to a broad spectrum of industries, including but not limited to refining, chemical processing, gasification, metals production, general manufacturing, food and beverage, electronics, medical imaging, and energy generation. Moreover, the company's capabilities extend to designing and manufacturing advanced systems for air separation, hydrocarbon recovery and purification, the liquefaction of natural gas, and the secure transportation and storage of liquid helium and hydrogen. APD also engages in a strategic partnership with Baker Hughes Company to further innovate hydrogen compression systems. The firm was established in 1940 and is based in Allentown, Pennsylvania.

Allentown, PA

21,194 employees

www.airproducts.com

Basic Materials / Chemicals - Specialty

Sector: Basic Materials
Industry: Chemicals - Specialty
CEO: Eduardo F. Menezes

View full financials

APD Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.31

DEBT TO EQUITY RATIO AVG TTM

1.21

DEBT TO EQUITY RATIO AVG 3Y

1.02

DEBT TO EQUITY RATIO AVG 5Y

0.86

DEBT TO EQUITY RATIO AVG 10Y

0.67

DEBT TO EQUITY RATIO AVG 15Y

0.71

DEBT TO EQUITY RATIO AVG 20Y

0.71

CURRENT VS TTM AVG

+7.85%

CURRENT VS 3Y AVG

+28.43%

CURRENT VS 5Y AVG

+52.53%

CURRENT VS 10Y AVG

+95.96%

CURRENT VS 15Y AVG

+84.81%

CURRENT VS 20Y AVG

+83.64%

SECTOR MEDIAN · BASIC MATERIALS

0.49

median of 53 covered companies

CURRENT VS SECTOR MEDIAN

+166.90%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Air Products and Chemicals, Inc. (APD)	$64.44B	1.31	1.21	1.02	0.86
Vale S.A. (VALE)vs ›	$61.09B	0.50	0.55	0.49	0.51
Wheaton Precious Metals Corp. (WPM)vs ›	$68.16B	0.20	0.00	0.00	0.01
Nucor Corporation (NUE)vs ›	$60.16B	0.32	0.34	0.34	0.38
CRH plc (CRH)vs ›	$59.39B	0.82	0.76	0.66	0.66
Barrick Mining Corporation (B)vs ›	$72.28B	0.17	0.20	0.21	0.22
Corteva, Inc. (CTVA)vs ›	$55.22B	0.19	0.11	0.09	0.07
Ecolab Inc. (ECL)vs ›	$77.77B	1.37	0.96	1.06	1.11
AngloGold Ashanti plc (AU)vs ›	$50.85B	0.20	0.31	0.45	0.48
The Sherwin-Williams Company (SHW)vs ›	$78.73B	3.69	2.88	3.24	3.41

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Air Products and Chemicals, Inc. (APD)

$64.44B

1.31

1.21

1.02

0.86

Vale S.A. (VALE)vs ›

$61.09B

0.50

0.55

0.49

0.51

Wheaton Precious Metals Corp. (WPM)vs ›

$68.16B

0.20

0.00

0.01

Nucor Corporation (NUE)vs ›

$60.16B

0.32

0.34

0.38

CRH plc (CRH)vs ›

$59.39B

0.82

0.76

0.66

Barrick Mining Corporation (B)vs ›

$72.28B

0.17

0.20

0.21

0.22

Corteva, Inc. (CTVA)vs ›

$55.22B

0.19

0.11

0.09

0.07

Ecolab Inc. (ECL)vs ›

$77.77B

1.37

0.96

1.06

1.11

AngloGold Ashanti plc (AU)vs ›

$50.85B

0.20

0.31

0.45

0.48

The Sherwin-Williams Company (SHW)vs ›

$78.73B

3.69

2.88

3.24

3.41

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The debt to equity ratio for APD stock is 1.31.

Is Air Products and Chemicals, Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 1.31 is 53% above its 5-year average of 0.86, near the high end of its 5-year range (0.53–1.31).

What is the TTM average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The TTM average debt to equity ratio for APD stock is 1.21.

What is the 3Y average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The 3Y average debt to equity ratio for APD stock is 1.02.

What is the 5Y average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The 5Y average debt to equity ratio for APD stock is 0.86.

What is the 10Y average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The 10Y average debt to equity ratio for APD stock is 0.67.

What is the 15Y average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The 15Y average debt to equity ratio for APD stock is 0.71.

What is the 20Y average debt to equity ratio for Air Products and Chemicals, Inc. (APD)?

The 20Y average debt to equity ratio for APD stock is 0.71.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.31
2026-03-31	1.17
2025-12-31	1.18
2025-09-30	1.23
2025-06-30	1.18
2025-03-31	1.12
2024-12-31	0.91
2024-09-30	0.88
2024-06-30	0.97
2024-03-31	0.96
2023-12-31	0.86
2023-09-30	0.77
2023-06-30	0.71
2023-03-31	0.70
2022-12-31	0.62
2022-09-30	0.63
2022-06-30	0.56
2022-03-31	0.53
2021-12-31	0.53
2021-09-30	0.61
2021-06-30	0.59
2021-03-31	0.63
2020-12-31	0.63
2020-09-30	0.69
2020-06-30	0.74
2020-03-31	0.29
2019-12-31	0.29
2019-09-30	0.30
2019-06-30	0.34
2019-03-31	0.34
2018-12-31	0.35
2018-09-30	0.35
2018-06-30	0.37
2018-03-31	0.34
2017-12-31	0.34
2017-09-30	0.39
2017-06-30	0.42
2017-03-31	0.41
2016-12-31	0.60
2016-09-30	0.74
2016-06-30	0.81
2016-03-31	0.84
2015-12-31	0.79
2015-09-30	0.81
2015-06-30	0.77
2015-03-31	0.81
2014-12-31	0.83
2014-09-30	0.83
2014-06-30	0.80
2014-03-31	0.84
2013-12-31	0.85
2013-09-30	0.89
2013-06-30	0.94
2013-03-31	0.94
2012-12-31	0.96
2012-09-30	0.82
2012-06-30	0.65
2012-03-31	0.76
2011-12-31	0.78
2011-09-30	0.79
2011-06-30	0.72
2011-03-31	0.75
2010-12-31	0.69
2010-09-30	0.74
2010-06-30	0.80
2010-03-31	0.82
2009-12-31	0.88
2009-09-30	0.94
2009-06-30	0.84
2009-03-31	0.88
2008-12-31	0.88
2008-09-30	0.79
2008-06-30	0.72
2008-03-31	0.79
2007-12-31	0.71
2007-09-30	0.67
2007-06-30	0.69
2007-03-31	0.63
2006-12-31	0.62
2006-09-30	0.58
2006-06-30	0.59
2006-03-31	0.56
2005-12-31	0.55
2005-09-30	0.55
2005-06-30	0.54
2005-03-31	0.51
2004-12-31	0.54
2004-09-30	0.54
2004-06-30	0.58
2004-03-31	0.64
2003-12-31	0.65
2003-09-30	0.66
2003-06-30	0.63
2003-03-31	0.66
2002-12-31	0.67
2002-09-30	0.69

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.31

2026-03-31

1.17

2025-12-31

1.18

2025-09-30

1.23

2025-06-30

1.18

2025-03-31

1.12

2024-12-31

0.91

2024-09-30

0.88

2024-06-30

0.97

2024-03-31

0.96

2023-12-31

0.86

2023-09-30

0.77

2023-06-30

0.71

2023-03-31

0.70

2022-12-31

0.62

2022-09-30

0.63

2022-06-30

0.56

2022-03-31

0.53

2021-12-31

0.53

2021-09-30

0.61

2021-06-30

0.59

2021-03-31

0.63

2020-12-31

0.63

2020-09-30

0.69

2020-06-30

0.74

2020-03-31

0.29

2019-12-31

0.29

2019-09-30

0.30

2019-06-30

0.34

2019-03-31

0.34

2018-12-31

0.35

2018-09-30

0.35

2018-06-30

0.37

2018-03-31

0.34

2017-12-31

0.34

2017-09-30

0.39

2017-06-30

0.42

2017-03-31

0.41

2016-12-31

0.60

2016-09-30

0.74

2016-06-30

0.81

2016-03-31

0.84

2015-12-31

0.79

2015-09-30

0.81

2015-06-30

0.77

2015-03-31

0.81

2014-12-31

0.83

2014-09-30

0.83

2014-06-30

0.80

2014-03-31

0.84

2013-12-31

0.85

2013-09-30

0.89

2013-06-30

0.94

2013-03-31

0.94

2012-12-31

0.96

2012-09-30

0.82

2012-06-30

0.65

2012-03-31

0.76

2011-12-31

0.78

2011-09-30

0.79

2011-06-30

0.72

2011-03-31

0.75

2010-12-31

0.69

2010-09-30

0.74

2010-06-30

0.80

2010-03-31

0.82

2009-12-31

0.88

2009-09-30

0.94

2009-06-30

0.84

2009-03-31

0.88

2008-12-31

0.88

2008-09-30

0.79

2008-06-30

0.72

2008-03-31

0.79

2007-12-31

0.71

2007-09-30

0.67

2007-06-30

0.69

2007-03-31

0.63

2006-12-31

0.62

2006-09-30

0.58

2006-06-30

0.59

2006-03-31

0.56

2005-12-31

0.55

2005-09-30

0.55

2005-06-30

0.54

2005-03-31

0.51

2004-12-31

0.54

2004-09-30

0.54

2004-06-30

0.58

2004-03-31

0.64

2003-12-31

0.65

2003-09-30

0.66

2003-06-30

0.63

2003-03-31

0.66

2002-12-31

0.67

2002-09-30

0.69

Debt to Equity Ratio: 1.31

APD Debt to Equity Ratio

APD Average Debt to Equity Ratio Chart

APD Current vs Average Debt to Equity Ratio Chart

APD Debt to Equity Ratio Metrics

APD Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

APD Debt to Equity Ratio History

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