APDNEUTRAL

APD Debt-to-Equity Ratio Analysis

1.17x

Higher than 100% of Basic Materials sector peers

Updated 2016h ago·SEC filings & market data

Key Takeaway

Air Products’ debt-to-equity ratio of 1.17x means the company uses $1.17 of debt for every $1.00 of shareholders’ equity, indicating a moderate reliance on borrowed funds.

Sector Performance

100th percentile

APD

1.17x

Sector Median

0.10x

Sector Avg

0.29x

Prior Period

1.16x(May 2026)

→ Stable

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Deep Analysis

Air Products’ debt-to-equity ratio of 1.17x means the company uses $1.17 of debt for every $1.00 of shareholders’ equity, indicating a moderate reliance on borrowed funds.

This ratio ranks in the 100th percentile among Basic Materials peers, well above the sector median of 0.95x. The metric has remained completely stable over the past eight quarters, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%. A high debt-to-equity level combined with no movement suggests the company’s leverage profile is a known constant, offering neither an increasing risk nor a deleveraging opportunity. This supports the overall CAUTIOUS verdict because the elevated leverage relative to peers implies higher financial vulnerability compared to most sector competitors.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about APD?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does APD's Debt-to-Equity Ratio compare to its sector?

APD's Debt-to-Equity Ratio of 1.17x compares to a Basic Materials sector median of 0.10x, placing it in the 100th percentile.

Who are APD's closest peers by Debt-to-Equity Ratio?

The closest Basic Materials peers by Debt-to-Equity Ratio include: PAAS (0.10x), AG (0.11x), RGLD (0.08x), KGC (0.08x), CDE (0.07x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.