International Flavors & Fragrances Inc (IFF)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,293,000 | 7,432,000 | 6,987,000 | 3,060,000 | 2,942,540 |
| Total current liabilities | US$ in thousands | 3,758,000 | 3,728,000 | 3,633,000 | 1,904,000 | 1,552,190 |
| Current ratio | 1.67 | 1.99 | 1.92 | 1.61 | 1.90 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,293,000K ÷ $3,758,000K
= 1.67
The current ratio of International Flavors & Fragrances Inc. has fluctuated over the past five years, indicating varying levels of liquidity and ability to meet short-term obligations.
Dec 31, 2023: The current ratio was 1.67, which reflects a slight decrease compared to the previous year. This could suggest a potential slight deterioration in the company's liquidity position relative to its current liabilities.
Dec 31, 2022: The current ratio was 1.99, showing a strong liquidity position, with a sufficient level of current assets to cover current liabilities. This implies that the company had a good ability to meet its short-term obligations at the end of 2022.
Dec 31, 2021: The current ratio stood at 1.92, indicating a healthy liquidity position, though slightly lower than the previous year. The company still had a strong ability to cover its short-term liabilities with its current assets.
Dec 31, 2020: The current ratio was 1.61, reflecting a lower level of liquidity compared to the previous year. This could indicate potential challenges in meeting short-term obligations with available current assets.
Dec 31, 2019: The current ratio was 1.90, showing a good liquidity position, with ample current assets to cover current liabilities. This suggests the company had a strong ability to meet short-term obligations at the end of 2019.
Overall, the trend in International Flavors & Fragrances Inc.'s current ratio indicates some fluctuations in liquidity over the past five years, with variations in the company's ability to cover short-term obligations with its current assets. Monitoring this ratio can provide insights into the company's financial health and ability to manage its short-term financial commitments.
Peer comparison
Dec 31, 2023