Air Products and Chemicals, Inc. (APD) Quick Ratio (Acid-Test): 1.20
Is Air Products and Chemicals, Inc.’s quick ratio (acid-test) high or low?
Air Products and Chemicals, Inc.'s quick ratio (acid-test) of 1.20 is 38% below its 5-year average of 1.94, near the low end of its 5-year range (1.17–3.43).
The quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD) is 1.20 as of Wednesday, June 10, 2026. It is below its 12-month average by 5.51% (1.27).
APD Quick Ratio (Acid-Test) Chart
APD Average Quick Ratio (Acid-Test) Chart
APD Current vs Average Quick Ratio (Acid-Test) Chart
APD Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
1.20
QUICK RATIO (ACID-TEST) AVG TTM
1.27
QUICK RATIO (ACID-TEST) AVG 3Y
1.34
QUICK RATIO (ACID-TEST) AVG 5Y
1.94
QUICK RATIO (ACID-TEST) AVG 10Y
1.82
QUICK RATIO (ACID-TEST) AVG 15Y
1.55
QUICK RATIO (ACID-TEST) AVG 20Y
1.42
CURRENT VS TTM AVG
-5.51%
CURRENT VS 3Y AVG
-10.61%
CURRENT VS 5Y AVG
-38.09%
CURRENT VS 10Y AVG
-34.03%
CURRENT VS 15Y AVG
-22.83%
CURRENT VS 20Y AVG
-15.21%
APD Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | — | 1.20 | 1.27 | 1.34 | 1.94 |
| Nucor Corporation (NUE) | $57.92B | 1.57 | 1.52 | 1.88 | 1.85 |
| Ecolab Inc. (ECL) | $74.42B | 0.81 | 0.88 | 0.90 | 0.97 |
| The Sherwin-Williams Company (SHW) | $76.59B | 0.53 | 0.49 | 0.51 | 0.53 |
| Vulcan Materials Company (VMC) | $36.20B | 1.97 | 1.63 | 1.75 | 1.71 |
| Freeport-McMoRan Inc. (FCX) | $92.36B | 1.05 | 1.11 | 1.31 | 1.43 |
| Newmont Corporation (NEM) | $105.20B | 1.82 | 1.58 | 1.40 | 1.64 |
| DuPont de Nemours, Inc. (DD) | $19.29B | 1.91 | 1.40 | 1.73 | 1.93 |
| Alcoa Corporation (AA) | $19.11B | 0.87 | 0.86 | 0.85 | 0.92 |
| United States Steel Corporation (X) | $12.42B | 0.91 | 1.06 | 1.20 | 1.12 |
Liquidity Comparison
Quick Ratio
1.20
Excludes inventory
Current Ratio
1.38
Includes inventory
Air Products and Chemicals, Inc. Quick Ratio (Acid-Test) Formula & Definition
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Air Products and Chemicals, Inc. Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The quick ratio (acid-test) for APD stock is 1.20.
- Is Air Products and Chemicals, Inc.'s quick ratio (acid-test) high or low?
- Air Products and Chemicals, Inc.'s quick ratio (acid-test) of 1.20 is 38% below its 5-year average of 1.94, near the low end of its 5-year range (1.17–3.43).
- What is the TTM average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The TTM average quick ratio (acid-test) for APD stock is 1.27.
- What is the 3Y average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The 3Y average quick ratio (acid-test) for APD stock is 1.34.
- What is the 5Y average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The 5Y average quick ratio (acid-test) for APD stock is 1.94.
- What is the 10Y average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The 10Y average quick ratio (acid-test) for APD stock is 1.82.
- What is the 15Y average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The 15Y average quick ratio (acid-test) for APD stock is 1.55.
- What is the 20Y average quick ratio (acid-test) for Air Products and Chemicals, Inc. (APD)?
- The 20Y average quick ratio (acid-test) for APD stock is 1.42.
Air Products and Chemicals, Inc. Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-09-30 | 1.20 |
| 2024-09-30 | 1.34 |
| 2023-09-30 | 1.17 |
| 2022-09-30 | 1.66 |
| 2021-09-30 | 2.83 |
| 2020-09-30 | 3.43 |
| 2019-09-30 | 2.32 |
| 2018-09-30 | 2.00 |
| 2017-09-30 | 2.23 |
| 2016-09-30 | 1.24 |
| 2015-09-30 | 0.59 |
| 2014-09-30 | 0.87 |
| 2013-09-30 | 0.85 |
| 2012-09-30 | 0.98 |
| 2011-09-30 | 1.07 |
| 2010-09-30 | 1.10 |
| 2009-09-30 | 0.99 |
| 2008-09-30 | 0.99 |
| 2007-09-30 | 0.98 |
| 2006-09-30 | 0.91 |
| 2005-09-30 | 0.97 |
| 2004-09-30 | 1.12 |
| 2003-09-30 | 1.00 |
| 2002-09-30 | 1.21 |
| 2001-09-30 | 0.94 |
| 2000-09-30 | 1.03 |
| 1999-09-30 | 0.73 |
| 1998-09-30 | 0.96 |
| 1997-09-30 | 1.10 |
| 1996-09-30 | 0.79 |
Related Metrics
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.
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- CEO
- Eduardo F. Menezes