International Flavors & Fragrances Inc (IFF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,993,000 | 6,293,000 | 7,432,000 | 6,987,000 | 3,059,800 |
| Total current liabilities | US$ in thousands | 4,333,000 | 3,758,000 | 3,738,000 | 3,633,000 | 1,903,730 |
| Current ratio | 1.84 | 1.67 | 1.99 | 1.92 | 1.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,993,000K ÷ $4,333,000K
= 1.84
The current ratio of International Flavors & Fragrances Inc has shown a generally positive trend over the past five years. Starting at 1.61 in December 31, 2020, the ratio has steadily increased reaching 1.92 by December 31, 2021, further improving to 1.99 by December 31, 2022. However, there was a slight dip to 1.67 by December 31, 2023, followed by a recovery to 1.84 by December 31, 2024.
Overall, the company has maintained a healthy current ratio above 1, indicating its ability to cover short-term liabilities with its current assets. The fluctuations in the ratio might suggest variations in the company's liquidity position or working capital management during the period. Further analysis of the company's financial statements and business operations could provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024