International Flavors & Fragrances Inc (IFF)

Financial leverage 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
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
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
Financial leverage ratio		2.12	1.97	1.96	2.00	2.01	2.05	1.94	1.90	1.88	1.88	1.88	1.89	2.15	2.15	2.17	2.18	2.14	2.14	2.15	2.15

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,978,000K ÷ $14,611,000K
= 2.12

The financial leverage ratio of International Flavors & Fragrances Inc. has shown some fluctuations over the recent quarters. The ratio ranged between 1.90 and 2.12 during the past eight quarters. In Q4 2023, the ratio was 2.12, which indicates that the company has $2.12 in debt for every $1 of equity. This suggests a higher level of financial leverage compared to the previous quarters.

It is important to consider the trend of the ratio over time to assess the company's ability to meet its financial obligations and the level of risk associated with its capital structure. A higher financial leverage ratio can indicate higher financial risk and potential volatility in earnings and cash flows. Conversely, a lower ratio may suggest a more conservative capital structure.

To gain a more comprehensive understanding of the company's financial leverage, it is valuable to analyze other financial metrics and industry benchmarks to assess the overall financial health and stability of International Flavors & Fragrances Inc.