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Air LiquideWBO:AI +0.56%84 Debt-to-Equity is 0.52 as of Dec. 2025, which is 25% below its 10-year median of 0.69. GuruFocus rates WBO:AI with a GF Score™ of 84/100 and a GF Value™ of €149.46 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,421 Chemicals companies, Air Liquide ranks worse than 63.27% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Air Liquide's Debt-to-Equity or its related term are showing as below:
WBO:AI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.69 Max: 1
Current: 0.52
During the past 13 years, the highest Debt-to-Equity Ratio of Air Liquide was 1.00. The lowest was 0.46. And the median was 0.69.
WBO:AI's Debt-to-Equity is ranked worse than 63.27% of 1421
companies
in the Chemicals industry
Industry Median: 0.36
vs WBO:AI: 0.52
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Air Liquide Debt-to-Equity Related Terms
Air Liquide Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Air Liquide's Debt-to-Equity 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.
WBO:AI vs LIN, SHW, ECL: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Air Liquide's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Liquide Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Air Liquide's Debt-to-Equity falls into.
* 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 Liquide (WBO:AI) has a Debt-to-Equity of 0.52 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Air Liquide and its competitors. This is 25% below median its historical median of 0.69. Over the past decade, Air Liquide's Debt-to-Equity has ranged from 0.46 to 1.00. According to the industry distribution chart, Air Liquide ranks #899 out of 1421 companies in the Chemicals industry, placing it in the top 63.3%.
Is Air Liquide's Debt-to-Equity too high?
Air Liquide's current Debt-to-Equity of 0.52 is 25% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.00. The Chemicals industry median Debt-to-Equity is 0.36. Air Liquide's value of 0.52 is 44.4% above this industry median. Based on the distribution chart, Air Liquide ranks #899 out of 1421 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Liquide has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #899 out of 1421 companies for Debt-to-Equity. This places Air Liquide in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Air Liquide's value of 0.52 is 44.4% above this benchmark. Historically, Air Liquide's own Debt-to-Equity has ranged from 0.46 to 1.00 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.36, Air Liquide has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Liquide's current Debt-to-Equity of 0.52 is 44.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Air Liquide and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current Debt-to-Equity is 0.52, which is 25% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (WBO:AI) is currently considered Modestly Overvalued. The stock's GF Value™ is €149.46, compared to a current price of €176.54 — trading 18.1% above its estimated fair value. The current Debt-to-Equity is 0.52, which is 25% below median its 10-year median of 0.69 and 44.4% above the Chemicals industry median of 0.36. Air Liquide's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Air Liquide (WBO:AI), the current Debt-to-Equity is 0.52 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air Liquide (WBO:AI) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of €176.54 is trading 18.1% above its estimated GF Value™ of €149.46.
GuruFocus considers Air Liquide to be Modestly Overvalued.
Key valuation signals for WBO:AI:
Debt-to-Equity: 0.52 (25% below median its 10-year median of 0.69)
GF Value™: €149.46 vs. price of €176.54 (18.1% above fair value)
Industry Position: 44.4% above the Chemicals median (#899 of 1421)
No single metric tells the full story. See the WBO:AI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
84GF Score
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