Sensient Technologies Corporation (SXT)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 613,523 625,627 634,663 643,511 645,085 648,556 686,589 679,779 630,331 547,190 498,715 530,005 503,006 490,901 483,230 524,244 518,004 537,124 537,680 589,339
Total assets US$ in thousands 2,023,790 2,042,610 1,994,870 2,005,680 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
Debt-to-assets ratio 0.30 0.31 0.32 0.32 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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $613,523K ÷ $2,023,790K
= 0.30

The debt-to-assets ratio of Sensient Technologies Corporation has exhibited a gradual decline from 0.35 as of March 31, 2020, to 0.30 as of December 31, 2024, with slight fluctuations in between. This indicates that the company's level of debt in relation to its total assets has been decreasing over the period under review. A lower debt-to-assets ratio suggests a lower level of financial risk and a stronger financial position, as the company is relying less on debt financing to support its operations and investments. Overall, the trend in Sensient Technologies Corporation's debt-to-assets ratio reflects a prudent approach to managing its leverage and a favorable stance in terms of its financial health and stability.