International Flavors & Fragrances (FRA:IFF) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is International Flavors & Fragrances Debt-to-Equity?

International Flavors & Fragrances's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €889 Mil. International Flavors & Fragrances's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €9,012 Mil. International Flavors & Fragrances's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €13,398 Mil. International Flavors & Fragrances's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for International Flavors & Fragrances's Debt-to-Equity or its related term are showing as below:

FRA:IFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.73 Max: 0.97
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of International Flavors & Fragrances was 0.97. The lowest was 0.58. And the median was 0.73.

FRA:IFF's Debt-to-Equity is ranked worse than
75.23% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs FRA:IFF: 0.74

International Flavors & Fragrances Debt-to-Equity Historical Data

The historical data trend for International Flavors & Fragrances's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Flavors & Fragrances Debt-to-Equity Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.75

0.58

0.66

0.74

International Flavors & Fragrances Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.67	0.64	0.65	0.74

Competitive Comparison of International Flavors & Fragrances's Debt-to-Equity

For the Specialty Chemicals subindustry, International Flavors & Fragrances's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Flavors & Fragrances's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Debt-to-Equity falls into.

International Flavors & Fragrances Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Flavors & Fragrances's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(889.49	+	9012.276)	/	13398.287
	=	0.74

International Flavors & Fragrances's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(889.49	+	9012.276)	/	13398.287
	=	0.74

International Flavors & Fragrances (FRA:IFF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

International Flavors & Fragrances Debt-to-Equity Related Terms

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International Flavors & Fragrances (FRA:IFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (FRA:IFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IFF:USA I1FF34:Brazil I1CE34:Brazil IFF:Austria IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.