Sensient Technologies Corporation (SXT)

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	645,085	648,556	686,589	679,779	630,331	547,190	498,715	530,005	503,006	490,901	483,230	524,244	518,004	537,124	537,680	589,339	598,499	616,967	656,737	688,952
Total assets	US$ in thousands	2,014,510	2,010,180	2,046,210	2,022,730	1,981,610	1,839,210	1,803,220	1,788,620	1,745,490	1,728,420	1,697,730	1,721,010	1,740,860	1,713,950	1,673,260	1,692,830	1,740,150	1,778,560	1,825,500	1,840,870
Debt-to-assets ratio		0.32	0.32	0.34	0.34	0.32	0.30	0.28	0.30	0.29	0.28	0.28	0.30	0.30	0.31	0.32	0.35	0.34	0.35	0.36	0.37

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $645,085K ÷ $2,014,510K
= 0.32

Sensient Technologies Corp.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.29 to 0.35. The ratio indicates that, on average, between 29% and 35% of the company's assets are financed by debt.

The ratio remained below 0.35 in all quarters, suggesting that Sensient Technologies Corp. has managed its debt levels prudently relative to its asset base. The slight fluctuations in the ratio may reflect varying levels of debt or asset growth during these periods.

Overall, the consistent moderate levels of debt in relation to assets indicate that Sensient Technologies Corp. has maintained a balanced approach to financing its operations, which could signal financial stability and effective risk management practices.