Air Products & Chemicals (Air Products & Chemicals) Interest Expense : $-190 Mil (TTM As of Dec. 2023)

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What is Air Products & Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Products & Chemicals's interest expense for the three months ended in Dec. 2023 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-190 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Air Products & Chemicals's Operating Income for the three months ended in Dec. 2023 was $ 667 Mil. Air Products & Chemicals's Interest Expense for the three months ended in Dec. 2023 was $ -54 Mil. Air Products & Chemicals's Interest Coverage for the quarter that ended in Dec. 2023 was 12.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Air Products & Chemicals Interest Expense Historical Data

The historical data trend for Air Products & Chemicals's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Air Products & Chemicals Interest Expense Chart

Air Products & Chemicals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-137.00

-109.30

-141.80

-128.00

-177.50

Air Products & Chemicals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-41.20	-40.90	-47.40	-48.00	-53.50

Air Products & Chemicals Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-190 Mil.

Air Products & Chemicals (NYSE:APD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Air Products & Chemicals's Interest Expense for the three months ended in Dec. 2023 was $-54 Mil. Its Operating Income for the three months ended in Dec. 2023 was $667 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $12,508 Mil.

Air Products & Chemicals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	666.9	/	-53.5
	=	12.47

The higher the ratio, the stronger the company's financial strength is.

Air Products & Chemicals (Air Products & Chemicals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Air Products & Chemicals Inc (NYSE:APD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

1APD:Italy AP3:Germany AP3:Germany AP3:Germany A1PD34:Brazil APCD:Austria

Address

1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500

Website

https://www.airproducts.com

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.

Executives

Jeffrey Kutz	officer: VP, Controller & PAO	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106-5500
Seifi Ghasemi	director	100 OVERLOOK CENTER, PRINCETON NJ 08540
Sean D Major	officer: Executive VP & General Counsel	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Tonit M Calaway	director	HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Wayne Thomas Smith	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Melissa N. Schaeffer	officer: Senior Vice President and CFO	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Edward L Monser	director
Lisa Ann Davis	director	2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Russell A Flugel	officer: Chief Accounting Officer	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Charles I Cogut	director	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Samir Serhan	officer: Executive Vice President	7201 HAMILTON BLVD., ALLENTOWN PA 18195
Jennifer Grant	officer: VP	7201 HAMILTON BLVD, ALLENTOWN PA 18195
John D. Stanley	officer: SR VP and General Counsel	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Guillermo Novo	officer: Senior V.P.	AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Painter Corning F.	officer: Senior V.P.	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501