International Flavors & Fragrances Inc (IFF)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,060,000 | 2,946,200 | 3,012,580 | 2,818,290 | 2,942,540 | 2,898,560 | 2,990,030 | 2,925,820 |
| Total current liabilities | US$ in thousands | 3,758,000 | 3,683,000 | 3,932,000 | 4,874,000 | 3,728,000 | 3,626,000 | 4,720,000 | 4,032,000 | 3,633,000 | 3,579,000 | 3,227,000 | 3,261,000 | 1,904,000 | 1,616,260 | 1,344,170 | 1,427,000 | 1,552,190 | 1,412,450 | 1,149,530 | 1,144,130 |
| Current ratio | 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 | 1.90 | 2.05 | 2.60 | 2.56 |
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 eight quarters provided. In Q4 2023, the current ratio was 1.67, indicating the company had $1.67 in current assets for every $1 in current liabilities. This ratio decreased from the previous quarter, suggesting a potential liquidity strain.
While the current ratio peaked at 1.99 in Q4 2022, indicating a stronger liquidity position, it has since shown a downward trend. The company experienced a dip in Q1 2023 with a current ratio of 1.53, before recovering slightly in the following quarters.
Overall, the current ratio has displayed some volatility, with values ranging from 1.53 to 1.99 over the past eight quarters. It is important for stakeholders to monitor this ratio closely to assess the company's ability to meet its short-term obligations as it evolves over time.
Peer comparison
Dec 31, 2023