International Flavors & Fragrances Inc (IFF)

Debt-to-assets 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
Long-term debt	US$ in thousands	9,186,000	9,159,000	9,208,000	9,220,000	10,373,000	10,260,000	10,363,000	10,738,000	10,768,000	10,818,000	11,354,000	11,330,000	3,779,000	3,890,760	4,181,700	3,946,900	3,997,440	4,008,130	4,428,680	4,421,430
Total assets	US$ in thousands	30,978,000	33,395,000	34,459,000	35,470,000	35,522,000	34,537,000	39,304,000	39,747,000	39,658,000	40,252,000	40,864,000	40,817,000	13,555,000	13,085,400	12,989,100	12,689,100	13,287,400	12,984,700	13,348,100	13,211,400
Debt-to-assets ratio		0.30	0.27	0.27	0.26	0.29	0.30	0.26	0.27	0.27	0.27	0.28	0.28	0.28	0.30	0.32	0.31	0.30	0.31	0.33	0.33

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $9,186,000K ÷ $30,978,000K
= 0.30

The debt-to-assets ratio for International Flavors & Fragrances Inc. has been relatively stable over the past eight quarters, fluctuating between 0.29 and 0.33. This indicates that, on average, the company has been financing approximately 29% to 33% of its assets through debt during this period.

A debt-to-assets ratio of around 0.30 to 0.32 suggests that International Flavors & Fragrances Inc. relies moderately on debt to finance its operations and investments, while the rest of its assets are funded by equity. This level of leverage can be considered moderate and may indicate a healthy balance between debt and equity financing.

Overall, the company's debt-to-assets ratio trend has been stable, which could indicate a consistent approach to managing its capital structure and maintaining a reasonable level of debt relative to its total assets. It is important for stakeholders to continue monitoring this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.