Air Products and Chemicals Inc (APD)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	17,036,500	15,101,300	14,913,400	14,873,000	14,312,900	14,138,000	14,058,300	13,935,700	13,144,000	13,643,900	13,955,100	13,825,100	13,539,700	13,082,900	12,726,200	12,683,600	12,079,800	11,659,300	11,371,900	11,556,000
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $17,036,500K
= 0.00

Air Products and Chemicals Inc has consistently maintained a debt-to-equity ratio of 0.00 for the past 16 quarters. This indicates that the company has not utilized any debt in its capital structure and relies solely on equity to finance its operations and growth. A debt-to-equity ratio of 0.00 signifies that the company has no financial leverage and is not exposed to the risks associated with debt repayment obligations. However, it is important to note that a low debt-to-equity ratio may also imply missed opportunities for leveraging debt financing to potentially enhance returns on equity. Overall, Air Products and Chemicals Inc's consistent zero debt-to-equity ratio reflects a conservative financial strategy focused on stability and minimizing financial risk.