International Flavors & Fragrances Inc (IFF)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 469,000 | 567,000 | 671,000 | 739,000 | 709,000 | 639,000 | 649,000 | 606,000 | 493,000 | 548,000 | 569,000 | 657,000 | 715,000 | 672,000 | 935,000 | 872,000 | 656,836 | 469,840 | 497,412 | 442,945 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.11 | 0.18 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 | 0.12 | 0.13 | 0.15 | 0.12 | 0.16 | 0.20 | 0.19 | 0.29 | 0.27 | 0.35 | 0.29 | 0.37 | 0.31 |
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 shown fluctuations over the past few years, ranging from 0.11 to 0.37. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The trend in the quick ratio shows a general decrease over the last few quarters, reaching its lowest point of 0.12 as of June 30, 2022. This may raise concerns about the company's liquidity position and its ability to cover immediate financial obligations using its current assets, such as cash and accounts receivable.
Although there have been slight improvements in the quick ratio in the subsequent periods, the ratio remains below 1, indicating a potential liquidity challenge for International Flavors & Fragrances Inc. It is crucial for the company to closely monitor its liquidity position and consider strategies to improve its ability to meet short-term obligations to ensure financial stability and safeguard against potential cash flow difficulties.
Peer comparison
Dec 31, 2024