Air Products and Chemicals (FRA:AP3) Debt-to-EBITDA : (As of Jun. 2026)

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FRA:AP3 Air Products and Chemicals Inc FRA:AP3
79 GF Score
Price €246.70
GF Value €248.88
Valuation Fairly Valued
! 7 Warning Signs
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What is Air Products and Chemicals Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Air Products and Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €784 Mil. Air Products and Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €15,098 Mil. Air Products and Chemicals's annualized EBITDA for the quarter that ended in Jun. 2026 was €-5,169 Mil. Air Products and Chemicals's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was -3.07.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Air Products and Chemicals's Debt-to-EBITDA or its related term are showing as below:

FRA:AP3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.95   Med: 2.07   Max: 13.76
Current: 10.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Air Products and Chemicals was 13.76. The lowest was 0.95. And the median was 2.07.

FRA:AP3's Debt-to-EBITDA is ranked worse than
90.08% of 1270 companies
in the Chemicals industry
Industry Median: 1.98 vs FRA:AP3: 10.79

Air Products and Chemicals  (FRA:AP3) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Air Products and Chemicals Debt-to-EBITDA Related Terms


Air Products and Chemicals Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Air Products and Chemicals's Debt-to-EBITDA 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.

Air Products and Chemicals Debt-to-EBITDA Chart

Air Products and Chemicals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-EBITDA
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Air Products and Chemicals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:AP3 vs ECL, SHW, PPG: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, Air Products and Chemicals's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Products and Chemicals Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Air Products and Chemicals's Debt-to-EBITDA falls into.


FRA:AP3
79GF Score
Air Products and Chemicals Inc FRA:AP3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air Products and Chemicals Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Air Products and Chemicals's Debt-to-EBITDA for the fiscal year that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(717.27659574468 + 14947.574468085) / 1211.4607230556
=12.93

Air Products and Chemicals's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(783.87124989067 + 15097.612175282) / -5169.3042060136
=-3.07

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Air Products and Chemicals (FRA:AP3) Overvalued in 2026?

Based on GuruFocus' analysis, Air Products and Chemicals stock appears to be undervalued. The current stock price of €246.70 is trading 0.9% below its estimated GF Value™ of €248.88. GuruFocus considers Air Products and Chemicals to be Fairly Valued.

Key valuation signals for FRA:AP3:

  • Debt-to-EBITDA:
  • GF Value™: €248.88 vs. price of €246.70 (0.9% below fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the FRA:AP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Air Products and Chemicals Business Description

Address 1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500
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 world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.
79GF Score

Get the complete analysis for FRA:AP3

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€246.70
Price
€248.88
GF Value