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International Flavors & Fragrances Interest Coverage

: 4.39 (As of Jun. 2022)
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. International Flavors & Fragrances's Operating Income for the three months ended in Jun. 2022 was $338 Mil. International Flavors & Fragrances's Interest Expense for the three months ended in Jun. 2022 was $-77 Mil. International Flavors & Fragrances's interest coverage for the quarter that ended in Jun. 2022 was 4.39. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for International Flavors & Fragrances's Interest Coverage or its related term are showing as below:

IFF' s Interest Coverage Range Over the Past 10 Years
Min: 2.16   Med: 9.48   Max: 12.94
Current: 3.93


IFF's Interest Coverage is ranked worse than
88.78% of 1212 companies
in the Chemicals industry
Industry Median: 18.78 vs IFF: 3.93

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


International Flavors & Fragrances Interest Coverage Historical Data

The historical data trend for International Flavors & Fragrances's Interest Coverage 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.75 4.43 5.06 4.45 2.16

International Flavors & Fragrances Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 4.09 2.47 4.76 4.39

Competitive Comparison

For the Specialty Chemicals subindustry, International Flavors & Fragrances's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Interest Coverage distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Interest Coverage falls into.



International Flavors & Fragrances Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Flavors & Fragrances's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, International Flavors & Fragrances's Interest Expense was $-289 Mil. Its Operating Income was $625 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,438 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*625/-289
=2.16

International Flavors & Fragrances's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, International Flavors & Fragrances's Interest Expense was $-77 Mil. Its Operating Income was $338 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,009 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*338/-77
=4.39

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


International Flavors & Fragrances  (NYSE:IFF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


International Flavors & Fragrances Interest Coverage Related Terms

Thank you for viewing the detailed overview of International Flavors & Fragrances's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


International Flavors & Fragrances Business Description

International Flavors & Fragrances logo
Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances produces 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.
Executives
Clyburn Frank officer: Chief Executive Officer 2000 GALLOPING HILL ROAD KENILWORTH NJ 07033
Bruno Barry A. director 500 CHARLES EWING BLVD EWING NJ 08628
Richter Glenn R officer: CFO 3333 BEVERLY ROAD B6 277A HOFFMAN ESTATES IL 60179
Fauchon De Villeplee Christophe officer: President, Scent INTERNATIONAL FLAVORS & FRANGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Johnson Jennifer Amy officer: EVP, General Counsel INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Strzelecki Angela officer: President, Pharma Solutions INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Herriott Simon officer: President Health & Biosciences INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Davidson Carol Anthony director
Heinzel Matthias director 974 CENTRE ROAD CRP 730 WILMINGTON DE 19805
Gordon Ilene S director C/O ARTHUR J. GALLAGHER & CO. TWO PIERCE PLACE ITASCA IL 60143
Schultz Kare director 5 BASEL STREET, PO BOX 3190 PETACH TIKVA L3 4951033
Boor Kathryn Jean director 3736 S. MAIN STREET MARION NY 14505
Breen Edward D director C/O TYCO INTERNATIONAL (US) INC 9 WEST 57TH ST 43RD FL. NEW YORK NY 10019
Fortmann Kathy Lynn officer: Divisional CEO, Taste INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Prast Peter 10 percent owner AEULESTRASSE5 VADUZ N2 9490

International Flavors & Fragrances Headlines

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