Air Products and Chemicals, Inc.APD

Where APD's Net Debt / EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$304.22-5.23 (-1.69%)Previous close
NYSEBasic MaterialsDividend King

APD Net Debt / EBITDA: current value, 10-year range and year-by-year history

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
APD Net Debt / EBITDA historyAPD Net Debt / EBITDA from Sep 2023 to Jun 2026: low 1.85, high 13.24, latest 13.24.0.944.247.5510.8514.15Sep 23Mar 24Sep 24Jun 25Dec 25Jun 26med 2.56

APD Net Debt / EBITDA by year

Yearly range of APD’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from 0.2 to 13.2, averaging 2.1.

APD Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20263.88.513.213.2
20254.28.312.412.1
20241.92.22.62.0
20231.82.12.42.4
20221.11.21.31.3
20210.60.91.11.1
20200.30.71.20.6
20190.30.30.30.3
20180.20.30.30.3
20170.30.50.70.3
20161.41.41.51.4

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How many years of operating earnings it would take to pay off the company's net debt. The most common leverage ratio — higher means more financial risk and less flexibility.

Formula(Total Debt − Cash) / EBITDA
Full guide
How to read this chart

Watch the trend more than the level. Declining ratio = deleveraging, growing financial flexibility. Rising ratio = increasing leverage, which constrains dividends, buybacks, and future investment.

Key caveats
  • Sector context is essential: 3× is aggressive for a consumer brand but normal for a regulated utility. Always compare to sector peers.
  • Large acquisitions spike the ratio temporarily — check whether the integration plan credibly drives paydown.
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