Air Products and Chemicals Inc (APD)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	39,574,600	36,974,300	35,921,700	34,118,200	32,002,500	30,929,500	29,435,400	28,278,300	27,192,600	27,489,000	27,449,700	27,125,300	26,859,200	26,252,100	26,158,900	26,088,100	25,168,500	24,782,100	19,501,200	19,651,600
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $39,574,600K
= 0.00

The debt-to-assets ratio of Air Products and Chemicals Inc has consistently been reported as 0.00 for the periods shown in the table. This indicates that the company has not had any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company has financed its operations primarily through equity rather than debt. This can be seen as a positive sign of financial strength and stability, as a lower debt-to-assets ratio implies lower financial risk and a stronger financial position. Investors and creditors may perceive a company with a low debt-to-assets ratio as more financially sound and less vulnerable to potential liquidity or solvency issues.