Sensient Technologies Corporation (SXT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,060,990 1,080,450 1,057,780 1,063,940 1,053,320 1,057,660 1,054,260 1,028,220 999,598 954,514 958,967 961,710 938,425 939,392 944,277 925,646 934,336 896,785 860,716 842,658
Debt-to-capital ratio 0.37 0.37 0.37 0.38 0.38 0.38 0.39 0.40 0.39 0.36 0.34 0.36 0.35 0.34 0.34 0.36 0.36 0.37 0.38 0.41

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

The debt-to-capital ratio of Sensient Technologies Corporation has demonstrated a downward trend over the period from March 31, 2020, to December 31, 2024, decreasing from 0.41 to 0.37. This indicates that the company has been able to reduce its reliance on debt in relation to its total capital structure. The ratio remained relatively stable around the 0.36-0.34 range throughout most of 2021 and 2022, before slightly increasing in late 2022 and early 2023. However, the ratio then stabilized again at 0.37 from March 31, 2024, to December 31, 2024. Overall, the company's debt-to-capital ratio suggests a moderate debt burden relative to its total capitalization, which can be considered a positive sign of financial health and stability.