Other

Additional Collateral Required - One Notch Downgrade

Air Products and Chemicals Additional Collateral Required - One Notch Downgrade increased by 15.0% to $259.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 34.3%, from $193.30M to $259.60M. Over 5 years (FY 2020 to FY 2025), Additional Collateral Required - One Notch Downgrade shows an upward trend with a 17.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ3 2021
Last reportedQ3 2025

How to read this metric

An increase suggests higher sensitivity to credit rating changes and potential liquidity strain, while a decrease indicates improved financial flexibility.

Detailed definition

This metric represents the incremental cash or asset collateral that the company must post to counterparties following a...

Peer comparison

Commonly reported by utilities and energy firms with significant hedging or trading operations; peers typically disclose this to demonstrate liquidity resilience.

Metric ID: collateral_required_one_notch_downgrade

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$20.80M$38.10M$48.00M$28.60M$68.30M$62.80M$36.30M$37.30M$50.00M$345.00M$107.50M$225.50M$255.20M$57.20M$293.10M$193.30M$201.60M$174.00M$225.80M$259.60M
QoQ Change+83.2%+26.0%-40.4%+138.8%-8.1%-42.2%+2.8%+34.0%+590.0%-68.8%+109.8%+13.2%-77.6%+412.4%-34.0%+4.3%-13.7%+29.8%+15.0%
YoY Change+228.4%+64.8%-24.4%+30.4%-26.8%+449.4%+196.1%+504.6%+410.4%-83.4%+172.7%-14.3%-21.0%+204.2%-23.0%+34.3%
Range$20.80M$345.00M
CAGR+70.1%
Avg YoY Growth+131.4%
Median YoY Growth+49.6%
Current Streak2 quarters growth

Frequently Asked Questions

What is Air Products and Chemicals's additional collateral required - one notch downgrade?
Air Products and Chemicals (APD) reported additional collateral required - one notch downgrade of $259.60M in Q1 2026.
How has Air Products and Chemicals's additional collateral required - one notch downgrade changed year-over-year?
Air Products and Chemicals's additional collateral required - one notch downgrade increased by 34.3% year-over-year, from $193.30M to $259.60M.
What is the long-term trend for Air Products and Chemicals's additional collateral required - one notch downgrade?
Over 5 years (2020 to 2025), Air Products and Chemicals's additional collateral required - one notch downgrade has grown at a 17.9% compound annual growth rate (CAGR), from $76.50M to $174.00M.
What does additional collateral required - one notch downgrade mean?
The amount of extra collateral the company must provide if its credit rating drops by one level.