International Flavors & Fragrances Inc (IFF)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 469,000 | 567,000 | 671,000 | 739,000 | 709,000 | 639,000 | 649,000 | 606,000 | 493,000 | 548,000 | 569,000 | 657,000 | 715,000 | 672,000 | 935,000 | 872,000 | 656,836 | 469,840 | 497,412 | 442,945 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,333,000 | 3,218,000 | 3,425,000 | 3,820,000 | 3,758,000 | 3,683,000 | 3,932,000 | 4,874,000 | 3,738,000 | 3,626,000 | 4,720,000 | 4,032,000 | 3,633,000 | 3,579,000 | 3,227,000 | 3,261,000 | 1,903,730 | 1,616,260 | 1,344,170 | 1,427,000 |
| Cash ratio | 0.11 | 0.18 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 | 0.12 | 0.13 | 0.15 | 0.12 | 0.16 | 0.20 | 0.19 | 0.29 | 0.27 | 0.35 | 0.29 | 0.37 | 0.31 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($469,000K
+ $—K)
÷ $4,333,000K
= 0.11
The cash ratio of International Flavors & Fragrances Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, the cash ratio was 0.31 on March 31, 2020, indicating that the company had $0.31 in cash and cash equivalents for every $1 of current liabilities. The ratio improved to 0.37 on June 30, 2020, suggesting that the company had strengthened its liquidity position. However, the ratio dropped to 0.29 on September 30, 2020.
Throughout the subsequent quarters, the cash ratio displayed some fluctuations, ranging from 0.16 to 0.29. The ratio dropped notably to 0.12 on June 30, 2022, signifying a lower level of liquidity. Although there was some recovery in the ratio in the following quarters, it stayed below 0.20, indicating a moderate liquidity position.
As of December 31, 2024, the cash ratio stood at 0.11, the lowest level in the period analyzed. This suggests that International Flavors & Fragrances Inc may have challenges in meeting its short-term obligations solely with cash and cash equivalents.
Overall, the trend in the cash ratio demonstrates fluctuations in the company's liquidity position over the years, emphasizing the importance of closely monitoring its cash management practices and ensuring adequate levels of liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024