International Flavors & Fragrances Inc (IFF)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 9,186,000 | 10,373,000 | 10,768,000 | 3,779,000 | 3,997,440 |
| Total stockholders’ equity | US$ in thousands | 14,611,000 | 17,655,000 | 21,082,000 | 6,310,000 | 6,217,300 |
| Debt-to-equity ratio | 0.63 | 0.59 | 0.51 | 0.60 | 0.64 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $9,186,000K ÷ $14,611,000K
= 0.63
The debt-to-equity ratio of International Flavors & Fragrances Inc. has fluctuated over the past five years, ranging from 0.54 in 2021 to 0.71 in 2019. In 2023, the ratio stood at 0.69, reflecting an increase from the previous year's 0.62. This indicates that the company's debt levels in relation to its equity have increased slightly, signaling a potential shift towards a higher reliance on debt financing as compared to equity. However, it is important to note that the ratio remains below 1 in all years, suggesting that the company's debt levels are generally manageable and that it relies more on equity for financing its operations. Further analysis and comparison with industry benchmarks would provide additional insights into the company's capital structure and financial leverage position.
Peer comparison
Dec 31, 2023