International Flavors & Fragrances Inc (IFF)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	14,611,000	16,978,000	17,623,000	17,758,000	17,655,000	16,887,000	20,260,000	20,933,000	21,082,000	21,426,000	21,761,000	21,642,000	6,310,000	6,078,210	5,987,800	5,827,850	6,217,300	6,055,820	6,199,380	6,143,210
Debt-to-equity ratio		0.63	0.54	0.52	0.52	0.59	0.61	0.51	0.51	0.51	0.50	0.52	0.52	0.60	0.64	0.70	0.68	0.64	0.66	0.71	0.72

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 shown some fluctuations over the past eight quarters. The ratio ranged from 0.56 to 0.69 during this period. In Q4 2023, the ratio was 0.69, indicating that the company had a higher level of debt relative to equity compared to the previous quarters. However, it's important to note that the ratio has been hovering around the range of 0.60 to 0.64 for most of the quarters, suggesting a relatively stable capital structure. Overall, International Flavors & Fragrances Inc. appears to manage its debt levels effectively, maintaining a reasonable balance between debt and equity.