Air Products & Chemicals annual net debt
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2025
Air Products & Chemicals Net Debt Growth & History (APD)
Air Products & Chemicals's net debt was $16.55B for fiscal 2025.
View full Air Products & Chemicals company overviewAir Products & Chemicals annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $16.55B | $4.52B | +37.62% |
| 2024 | 2024-09-30 | $12.03B | $2.61B | +27.74% |
| 2023 | 2023-09-30 | $9.41B | $3.80B | +67.64% |
| 2022 | 2022-09-30 | $5.62B | $1.87B | +49.75% |
| 2021 | 2021-09-30 | $3.75B | $689.0M | +22.51% |
| 2020 | 2020-09-30 | $3.06B | $1.98B | +184.16% |
| 2019 | 2019-09-30 | $1.08B | $56.0M | +5.48% |
| 2018 | 2018-10-01 | $1.02B | $332.1M | +48.19% |
| 2017 | 2017-09-30 | $689.2M | −$3.23B | −82.41% |
| 2016 | 2016-09-30 | $3.92B | −$1.78B | −31.22% |
| 2015 | 2015-09-30 | $5.70B | −$86.0M | −1.49% |
| 2014 | 2014-09-30 | $5.78B | −$41.3M | −0.71% |
| 2013 | 2013-09-30 | $5.82B | $985.7M | +20.38% |
| 2012 | 2012-09-30 | $4.84B | $697.4M | +16.85% |
| 2011 | 2011-09-30 | $4.14B | $385.5M | +10.27% |
| 2010 | 2010-09-30 | $3.75B | −$258.7M | −6.45% |
| 2009 | 2009-09-30 | $4.01B | $150.0M | +3.88% |
| 2008 | 2008-09-30 | $3.86B | — | — |
Air Products & Chemicals quarterly net debt
Q4.08
Q3.09
Q4.09
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As of Sep 30, 2018
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
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Q3.20
Q4.20
Q1.21
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Q3.25
Q4.25
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Q3.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $405.5M | $848.0M | — |
| Q2 2026 | 2026-03-31 | $137.0M | −$612.9M | −81.73% |
| Q1 2026 | 2025-12-31 | −$182.9M | −$192.1M | — |
| Q4 2025 | 2025-09-30 | $16.55B | $4.52B | +37.62% |
| Q3 2025 | 2025-06-30 | −$442.5M | $143.9M | — |
| Q2 2025 | 2025-03-31 | $749.9M | $1.51B | — |
| Q1 2025 | 2024-12-31 | $9.2M | $1.10B | — |
| Q4 2024 | 2024-09-30 | $12.03B | $2.61B | +27.74% |
| Q3 2024 | 2024-06-30 | −$586.4M | −$360.9M | — |
| Q2 2024 | 2024-03-31 | −$761.1M | −$7.43B | — |
| Q1 2024 | 2023-12-31 | −$1.09B | −$5.43B | — |
| Q4 2023 | 2023-09-30 | $9.41B | $3.80B | +67.64% |
| Q3 2023 | 2023-06-30 | −$225.5M | −$3.82B | — |
| Q2 2023 | 2023-03-31 | $6.67B | $2.35B | +54.35% |
| Q1 2023 | 2022-12-31 | $4.33B | $280.7M | +6.93% |
| Q4 2022 | 2022-09-30 | $5.62B | $1.87B | +49.75% |
| Q3 2022 | 2022-06-30 | $3.60B | $983.0M | +37.59% |
| Q2 2022 | 2022-03-31 | $4.32B | $3.29B | +317.98% |
| Q1 2022 | 2021-12-31 | $4.05B | $3.05B | +305.11% |
| Q4 2021 | 2021-09-30 | $3.75B | $689.0M | +22.51% |
| Q3 2021 | 2021-06-30 | $2.61B | −$944.3M | −26.53% |
| Q2 2021 | 2021-03-31 | $1.03B | −$90.7M | −8.07% |
| Q1 2021 | 2020-12-31 | $1.00B | $68.3M | +7.33% |
| Q4 2020 | 2020-09-30 | $3.06B | $1.98B | +184.16% |
| Q3 2020 | 2020-06-30 | $3.56B | $3.22B | +963.08% |
| Q2 2020 | 2020-03-31 | $1.12B | $873.2M | +347.61% |
| Q1 2020 | 2019-12-31 | $932.0M | $877.9M | +1622.74% |
| Q4 2019 | 2019-09-30 | $1.08B | — | — |
| Q3 2019 | 2019-06-30 | $334.8M | −$146.2M | −30.40% |
| Q2 2019 | 2019-03-31 | $251.2M | −$236.8M | −48.52% |
| Q1 2019 | 2018-12-31 | $54.1M | −$725.3M | −93.06% |
| Q4 2018 | 2018-10-01 | $1.02B | $332.1M | +48.19% |
| As of Sep 30, 2018 | 2018-09-30 | $1.02B | $332.1M | +48.19% |
| Q3 2018 | 2018-06-30 | $481.0M | −$1.11B | −69.81% |
| Q2 2018 | 2018-03-31 | $488.0M | −$1.49B | −75.28% |
| Q1 2018 | 2017-12-31 | $779.4M | −$2.88B | −78.72% |
| Q4 2017 | 2017-09-30 | $689.2M | −$3.23B | −82.41% |
| Q3 2017 | 2017-06-30 | $1.59B | −$3.65B | −69.62% |
| Q2 2017 | 2017-03-31 | $1.97B | −$3.56B | −64.31% |
| Q1 2017 | 2016-12-31 | $3.66B | −$1.92B | −34.42% |
| Q4 2016 | 2016-09-30 | $3.92B | −$1.78B | −31.22% |
| Q3 2016 | 2016-06-30 | $5.25B | −$402.7M | −7.13% |
| Q2 2016 | 2016-03-31 | $5.53B | −$203.2M | −3.54% |
| Q1 2016 | 2015-12-31 | $5.59B | −$264.8M | −4.53% |
| Q4 2015 | 2015-09-30 | $5.70B | −$86.0M | −1.49% |
| Q3 2015 | 2015-06-30 | $5.65B | −$150.5M | −2.60% |
| Q2 2015 | 2015-03-31 | $5.73B | −$75.7M | −1.30% |
| Q1 2015 | 2014-12-31 | $5.85B | $69.5M | +1.20% |
| Q4 2014 | 2014-09-30 | $5.78B | −$41.3M | −0.71% |
| Q3 2014 | 2014-06-30 | $5.80B | $86.9M | +1.52% |
| Q2 2014 | 2014-03-31 | $5.81B | $230.6M | +4.13% |
| Q1 2014 | 2013-12-31 | $5.78B | $290.6M | +5.29% |
| Q4 2013 | 2013-09-30 | $5.82B | $985.7M | +20.38% |
| Q3 2013 | 2013-06-30 | $5.71B | $1.86B | +48.13% |
| Q2 2013 | 2013-03-31 | $5.58B | $1.16B | +26.24% |
| Q1 2013 | 2012-12-31 | $5.49B | $1.28B | +30.41% |
| Q4 2012 | 2012-09-30 | $4.84B | $697.4M | +16.85% |
| Q3 2012 | 2012-06-30 | $3.86B | −$213.8M | −5.25% |
| Q2 2012 | 2012-03-31 | $4.42B | $294.0M | +7.13% |
| Q1 2012 | 2011-12-31 | $4.21B | $465.0M | +12.42% |
| Q4 2011 | 2011-09-30 | $4.14B | $385.5M | +10.27% |
| Q3 2011 | 2011-06-30 | $4.07B | $286.8M | +7.58% |
| Q2 2011 | 2011-03-31 | $4.13B | $13.4M | +0.33% |
| Q1 2011 | 2010-12-31 | $3.74B | −$350.9M | −8.57% |
| Q4 2010 | 2010-09-30 | $3.75B | −$258.7M | −6.45% |
| Q3 2010 | 2010-06-30 | $3.78B | −$292.2M | −7.17% |
| Q2 2010 | 2010-03-31 | $4.11B | — | — |
| Q1 2010 | 2009-12-31 | $4.10B | — | — |
| Q4 2009 | 2009-09-30 | $4.01B | $150.0M | +3.88% |
| Q3 2009 | 2009-06-30 | $4.07B | — | — |
| Q4 2008 | 2008-09-30 | $3.86B | — | — |
Air Products & Chemicals net debt trends
Over the last five fiscal years, Air Products & Chemicals's net debt increased from $3.06B to $16.55B, a change of $13.49B. The latest reported quarter, Q3 2026, shows $405.5M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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