International Flavors & Fragrances (FRA:IFF) Cash, Cash Equivalents, Marketable Securities : €645 Mil (As of Dec. 2023)

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What is International Flavors & Fragrances Cash, Cash Equivalents, Marketable Securities?

International Flavors & Fragrances's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (€588.87 Mil) to Sep. 2023 (€589.37 Mil) and increased from Sep. 2023 (€589.37 Mil) to Dec. 2023 (€644.65 Mil).

International Flavors & Fragrances's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (€629.24 Mil) to Dec. 2022 (€455.95 Mil) but then increased from Dec. 2022 (€455.95 Mil) to Dec. 2023 (€644.65 Mil).

International Flavors & Fragrances Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for International Flavors & Fragrances's Cash, Cash Equivalents, Marketable Securities 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 Cash, Cash Equivalents, Marketable Securities Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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546.14

534.30

629.24

455.95

644.65

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
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															455.95	551.06	588.87	589.37	644.65

International Flavors & Fragrances Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

International Flavors & Fragrances (FRA:IFF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

International Flavors & Fragrances Cash, Cash Equivalents, Marketable Securities 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 » Cash, Cash Equivalents, Marketable Securities

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.