International Flavors & Fragrances Inc (IFF)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,993,000 | 8,423,000 | 8,149,000 | 6,407,000 | 6,293,000 | 6,391,000 | 6,436,000 | 7,442,000 | 7,432,000 | 6,494,000 | 7,730,000 | 7,507,000 | 6,987,000 | 7,132,000 | 6,297,000 | 6,174,000 | 3,059,800 | 2,946,200 | 3,012,580 | 2,818,290 |
| 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 |
| Current ratio | 1.84 | 2.62 | 2.38 | 1.68 | 1.67 | 1.74 | 1.64 | 1.53 | 1.99 | 1.79 | 1.64 | 1.86 | 1.92 | 1.99 | 1.95 | 1.89 | 1.61 | 1.82 | 2.24 | 1.97 |
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 some fluctuations over the past few years. The data reveals that the company's current ratio ranged from 1.53 to 2.62 during the period from March 31, 2023, to December 31, 2024.
The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 is generally considered healthy, as it suggests that the company has more current assets than current liabilities.
From the data provided, we can see that the company's current ratio generally remained above 1 throughout the period, indicating that it had sufficient current assets to meet its short-term obligations. The ratio peaked at 2.62 on September 30, 2024, indicating a strong liquidity position at that time. However, there were instances where the current ratio dipped below 1.5, such as on March 31, 2023, which may be a cause for concern as it suggests potential liquidity issues.
Overall, the trend in International Flavors & Fragrances Inc's current ratio demonstrates fluctuations but generally indicates a reasonable ability to manage its short-term obligations with its current assets. Further analysis and comparison to industry benchmarks would help provide a more comprehensive understanding of the company's liquidity position.
Peer comparison
Dec 31, 2024