Company / Interest Expense
Air Products Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$141.8M
FY2023
5-year range
$109.3M / $141.8M
FY2019-FY2023
Trend
+29.7%
vs FY2022
Sector context
#21 of 51
Materials
What the data says
At $142M, Air Products's interest expense ranks #31 of 51 in the Materials sector. Interest Expense has fluctuated over the past 8 years, ranging from $109M in FY2022 to $142M in FY2023.
Based on SEC 10-K filings.
$142M in FY2023 with a 5-year CAGR of +4.2%.
Increased from $137M to $142M over the past 2 years.
Materials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +9.1%
- 5-Year CAGR
- +4.2%
- 10-Year CAGR
- -
Sector benchmark
#31 of 51 in MaterialsTop 59% of 51This company $141.8M Sector average $150.0M
▼
-5.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +4.2%, indicating consistent growth.
- In FY2023, interest expense increased 29.7% year-over-year.
- Ranks #21 out of 51 companies in the Materials sector.
- Lowest interest expense in the period was in FY2022.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $141.8M | +29.7% |
| FY2022 | $109.3M | -20.2% |
| FY2021 | $137.0M | +25.3% |
| FY2020 | $109.3M | -9.4% |
| FY2019 | $120.6M | +4.7% |
| FY2018 | $115.2M | -4.5% |
| FY2017 | $120.6M | +4.7% |
| FY2016 | $115.2M | +12.1% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026