Sensient Technologies Corporation (SXT)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 613,523 645,085 630,331 503,006 518,004
Total stockholders’ equity US$ in thousands 1,060,990 1,053,320 999,598 938,425 934,336
Debt-to-capital ratio 0.37 0.38 0.39 0.35 0.36

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $613,523K ÷ ($613,523K + $1,060,990K)
= 0.37

To analyze Sensient Technologies Corporation's debt-to-capital ratio over the years, we observe a consistent but slight fluctuation. The ratio decreased from 0.36 at the end of 2020 to 0.35 at the end of 2021, indicating a reduction in the proportion of debt relative to total capital. However, by the end of 2022, the ratio increased to 0.39 before slightly decreasing to 0.38 by the end of 2023 and further to 0.37 by the end of 2024. These fluctuations suggest a relatively stable debt structure with minor variations in the capital composition. Overall, Sensient Technologies Corporation has maintained a moderate level of debt in relation to its total capital over the period under review.