Air Products and Chemicals, Inc. balance sheet
At the end of its fiscal year on Sep 30, 2025, Air Products and Chemicals, Inc. reported total assets of $41.06B and shareholders' equity of $15.02B. That works out to liabilities equal to 58% of assets, a current ratio of 1.38 (current assets ÷ current liabilities).
Balance sheet at each fiscal year end
| Fiscal year ended | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $18.03B | $18.47B | $19.18B | $18.94B | $25.17B | $26.86B | $27.19B | $32.00B | $39.57B | $41.06B |
| Current assets | $4.32B | $5.88B | $5.08B | $4.62B | $8.68B | $8.38B | $6.28B | $5.20B | $6.36B | $5.83B |
| Cash & equivalents | $1.29B | $3.27B | $2.79B | $2.25B | $5.25B | $4.47B | $2.71B | $1.62B | $2.98B | $1.86B |
| Total liabilities | $10.82B | $8.28B | $8.00B | $7.55B | $12.73B | $12.77B | $13.49B | $16.34B | $20.90B | $23.71B |
| Current liabilities | $3.28B | $2.49B | $2.34B | $1.82B | $2.42B | $2.80B | $3.47B | $3.90B | $4.18B | $4.22B |
| Long-term debt | $4.92B | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $7.08B | $10.09B | $10.86B | $11.05B | $12.08B | $13.54B | $13.14B | $14.31B | $17.04B | $15.02B |
| Reported in | 10-K 2018 | 10-K 2018 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2025 |
Balance-sheet figures are point-in-time values on the last day of each fiscal year. Some companies (for example banks and insurers) do not present current assets and liabilities; those cells show —.
Source: SEC EDGAR XBRL company facts for CIK 2969 (raw data). Most recent filing in this dataset: 10-Q filed Jul 30, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.