International Flavors & Fragrances Inc (IFF)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 469,000 | 703,000 | 493,000 | 715,000 | 656,836 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,333,000 | 3,758,000 | 3,738,000 | 3,633,000 | 1,903,730 |
| Quick ratio | 0.11 | 0.19 | 0.13 | 0.20 | 0.35 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($469,000K
+ $—K
+ $—K)
÷ $4,333,000K
= 0.11
The quick ratio of International Flavors & Fragrances Inc has been on a declining trend over the past five years, decreasing from 0.35 as of December 31, 2020, to 0.11 as of December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened significantly over the period. A quick ratio below 1 suggests that the company may have difficulty covering its immediate liabilities with its current liquid assets alone. Investors and creditors may perceive a decreasing quick ratio as a red flag for potential liquidity issues and may need further investigation into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024