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.
Peer comparison
Dec 31, 2023