Sensient Technologies Corporation (SXT)

Debt-to-equity 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-equity ratio 0.58 0.58 0.60 0.60 0.61 0.61 0.65 0.66 0.63 0.57 0.52 0.55 0.54 0.52 0.51 0.57 0.55 0.60 0.62 0.70

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $613,523K ÷ $1,060,990K
= 0.58

The debt-to-equity ratio of Sensient Technologies Corporation has shown a downward trend from 0.70 as of March 31, 2020, to 0.58 as of December 31, 2024. This indicates that the company has been gradually reducing its reliance on debt financing in comparison to equity over the analyzed period. The decreasing ratio suggests that Sensient Technologies Corporation has been effectively managing its debt levels or potentially strengthening its equity base. A lower debt-to-equity ratio can signify a healthier financial position and reduced financial risk for the company.