Air Products & Chemicals, Inc.

APD

Quality scores

Data as of Sep 5, 2026

1 / 9

Weak

1/9 — WEAK fundamentals (a sign of low quality).

FailROA > 0 — ROA last year = -0.96 %
FailFCF > 0 — FCF last year = -3,765.80 mill.
FailFCF > net income (accrual quality) — FCF -3,765.80 vs. net income -394.50 (mill.)
FailRising ROA — ROA -0.96 % vs. prior year 9.67 %

FailLower long-term leverage — long-term debt/assets 0.41 vs. prior 0.34
FailRising current ratio (more liquidity) — Current ratio 1.38 vs. prior 1.52
FailNo dilution (shares do not grow) — Shares 222.59 mill. vs. prior 222.37 mill.

Z-Score (original)

2.59

Grey zone

Z''-Score (non-manufacturing)

5.42

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.04
X2 — Retained earnings / Total assets	0.43
X3 — EBIT / Total assets	-0.02
X4 — Market cap / Total liabilities	2.87
X4 — Book equity / Total liabilities	0.63
X5 — Sales / Total assets	0.29