International Flavors & Fragrances Inc (IFF)

Quick ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash US$ in thousands 703,000 483,000 711,000 650,000 607,000
Short-term investments US$ in thousands
Receivables US$ in thousands 1,726,000 1,818,000 1,906,000 929,000 876,197
Total current liabilities US$ in thousands 3,758,000 3,728,000 3,633,000 1,904,000 1,552,190
Quick ratio 0.65 0.62 0.72 0.83 0.96

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($703,000K + $—K + $1,726,000K) ÷ $3,758,000K
= 0.65

The quick ratio of International Flavors & Fragrances Inc. has shown a declining trend over the past five years. As of December 31, 2023, the quick ratio stands at 0.88, indicating that the company may have difficulty meeting its short-term obligations with its most liquid assets. This decrease in the quick ratio from 1.16 in 2019 to 0.88 in 2023 suggests a potential deterioration in the company's liquidity position. Investors and creditors should closely monitor this trend to assess the company's ability to cover its short-term liabilities with its current liquid assets.


Peer comparison

Dec 31, 2023