Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

This company has been moved to the archive! The financial data has not been updated since August 9, 2021.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity ratios measure the company ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Air Products & Chemicals Inc., liquidity ratios

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Current ratio 3.59 2.54 2.17 2.36 1.31 0.80
Quick ratio 3.16 2.02 1.79 1.95 0.90 0.44
Cash ratio 2.63 1.33 1.27 1.48 0.46 0.06

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Air Products & Chemicals Inc. current ratio improved from 2018 to 2019 and from 2019 to 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Air Products & Chemicals Inc. quick ratio improved from 2018 to 2019 and from 2019 to 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Air Products & Chemicals Inc. cash ratio improved from 2018 to 2019 and from 2019 to 2020.

Current Ratio

Air Products & Chemicals Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Current assets 8,684,900 4,618,300 5,082,200 5,876,700 4,317,300 2,910,800
Current liabilities 2,416,700 1,820,900 2,338,300 2,489,000 3,283,300 3,648,100
Liquidity Ratio
Current ratio1 3.59 2.54 2.17 2.36 1.31 0.80
Benchmarks
Current Ratio, Competitors2
Linde plc 0.80 0.85
Current Ratio, Industry
Materials 1.40 1.38

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,684,900 ÷ 2,416,700 = 3.59

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Air Products & Chemicals Inc. current ratio improved from 2018 to 2019 and from 2019 to 2020.

Quick Ratio

Air Products & Chemicals Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Cash and cash items 5,253,000 2,248,700 2,791,300 3,273,600 1,501,300 206,400
Short-term investments 1,104,900 166,000 184,700 404,000
Trade receivables, net 1,274,800 1,260,200 1,207,200 1,174,000 1,439,900 1,406,200
Total quick assets 7,632,700 3,674,900 4,183,200 4,851,600 2,941,200 1,612,600
 
Current liabilities 2,416,700 1,820,900 2,338,300 2,489,000 3,283,300 3,648,100
Liquidity Ratio
Quick ratio1 3.16 2.02 1.79 1.95 0.90 0.44
Benchmarks
Quick Ratio, Competitors2
Linde plc 0.59 0.61
Quick Ratio, Industry
Materials 0.95 0.76

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,632,700 ÷ 2,416,700 = 3.16

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Air Products & Chemicals Inc. quick ratio improved from 2018 to 2019 and from 2019 to 2020.

Cash Ratio

Air Products & Chemicals Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Cash and cash items 5,253,000 2,248,700 2,791,300 3,273,600 1,501,300 206,400
Short-term investments 1,104,900 166,000 184,700 404,000
Total cash assets 6,357,900 2,414,700 2,976,000 3,677,600 1,501,300 206,400
 
Current liabilities 2,416,700 1,820,900 2,338,300 2,489,000 3,283,300 3,648,100
Liquidity Ratio
Cash ratio1 2.63 1.33 1.27 1.48 0.46 0.06
Benchmarks
Cash Ratio, Competitors2
Linde plc 0.27 0.22
Cash Ratio, Industry
Materials 0.65 0.41

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,357,900 ÷ 2,416,700 = 2.63

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Air Products & Chemicals Inc. cash ratio improved from 2018 to 2019 and from 2019 to 2020.