Air Products and Chemicals Inc (APD)

Debt-to-equity ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	17,036,500	14,312,900	13,144,000	13,539,700	12,079,800
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $17,036,500K
= 0.00

The debt-to-equity ratio for Air Products and Chemicals Inc has consistently been 0.00 for the past five years, from September 30, 2020, to September 30, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has relied solely on equity financing. A debt-to-equity ratio of 0.00 suggests that the company has a conservative financial structure with minimal financial risk stemming from debt obligations. It indicates that the company has a strong equity base relative to debt, which may be perceived positively by investors and lenders due to lower financial leverage. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Air Products and Chemicals Inc's overall financial health and performance.