International Flavors & Fragrances debt and dilution13

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$5,699M

Cash & equivalents

USD millions

$569M

Net debt

USD millions

$5,130M

Debt / equity

0.41×

Debt / assets

22.66%

Net debt / EBITDA

× · TTM

3.01×

Debt / FCF

× · TTM

10.55×

Interest coverage

× · TTM

—

Current ratio

2.06×

Diluted shares

Million shares

257M shares

Basic shares

Million shares

255M shares

Share count growth

-0.39%

Share repurchases

USD millions

$36M

Quarterly data

International Flavors & Fragrances capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	5,699	569	5,130	0.41×	22.66%	3.01×	10.55×	—	2.06×	257	255	-0.39%	36
FY 2026 Q1	Mar 31, 2026	5,817	562	5,255	0.41×	23.13%	2.98×	14.54×	—	1.49×	257	256	0%	35
FY 2025 Q4	Dec 31, 2025	5,994	590	5,404	0.42×	23.47%	9.32×	23.41×	-1.67×	1.42×	256	256	-1.15%	—
FY 2025 Q3	Sep 30, 2025	6,049	621	5,428	0.42×	23.47%	8.81×	18.11×	—	1.44×	257	256	0%	—
FY 2025 Q2	Jun 30, 2025	6,184	816	5,368	0.43×	23.67%	8.39×	10.95×	—	1.86×	257	256	0.39%	0
FY 2025 Q1	Mar 31, 2025	9,290	613	8,677	0.7×	32.87%	13.62×	16.18×	—	1.87×	256	256	0.39%	0
FY 2024 Q4	Dec 31, 2024	8,977	469	8,508	0.65×	31.31%	4.78×	14.79×	2.51×	1.84×	256	258.98	1.56%	—
FY 2024 Q3	Sep 30, 2024	9,099	567	8,532	0.61×	30.4%	—	9.78×	-6.8×	2.62×	257	256	0.39%	—
FY 2024 Q2	Jun 30, 2024	9,379	671	8,708	0.66×	31.75%	—	9.5×	-6.34×	2.38×	256	255	0%	—
FY 2024 Q1	Mar 31, 2024	9,462	732	8,730	0.66×	30.88%	—	9.81×	-5.8×	1.68×	256	255	0%	—
FY 2023 Q4	Dec 31, 2023	10,071	703	9,368	0.69×	32.51%	—	10.76×	-5.55×	1.67×	255	255	0%	—
FY 2023 Q3	Sep 30, 2023	10,301	629	9,672	0.61×	30.85%	5.8×	22.74×	1.2×	1.74×	256	255	0%	—
FY 2023 Q2	Jun 30, 2023	10,411	638	9,773	0.59×	30.21%	—	33.16×	-3.87×	1.64×	255	255	0%	—
FY 2023 Q1	Mar 31, 2023	10,703	590	10,113	0.6×	30.17%	—	—	-4.1×	1.53×	255	255	0%	—
FY 2022 Q4	Dec 31, 2022	10,783	483	10,300	0.61×	30.45%	—	—	-3.95×	1.99×	255	255	0.05%	—
FY 2022 Q3	Sep 30, 2022	10,568	538	10,030	0.62×	30.6%	—	2,113.6×	-4.12×	1.79×	255	255	0.39%	—
FY 2022 Q2	Jun 30, 2022	11,320	569	10,751	0.56×	28.8%	4.84×	64.69×	3.46×	1.64×	255	255	0.39%	—
FY 2022 Q1	Mar 31, 2022	11,046	657	10,389	0.53×	27.79%	4.86×	17.18×	3.11×	1.86×	255	255	23.79%	—
FY 2021 Q4	Dec 31, 2021	11,076	711	10,365	0.52×	27.93%	5.95×	10.61×	2.02×	1.92×	254.87	254.87	127.15%	—
FY 2021 Q3	Sep 30, 2021	11,526	672	10,854	0.54×	28.63%	7.46×	10.33×	2.06×	1.99×	255	254	126.42%	—
FY 2021 Q2	Jun 30, 2021	11,970	935	11,035	0.55×	29.29%	10.09×	12.91×	1.74×	1.95×	255	254	126.43%	—
FY 2021 Q1	Mar 31, 2021	11,958	872	11,086	0.55×	29.3%	12.88×	14.61×	2.27×	1.89×	206	206	83.79%	—
FY 2020 Q4	Dec 31, 2020	4,413.52	649.54	3,763.98	0.7×	32.56%	4.22×	8.45×	4.3×	1.61×	113.63	112.2	0.18%	—
FY 2020 Q3	Sep 30, 2020	4,331.72	469.84	3,861.88	0.71×	33.1%	4.22×	8.15×	4.33×	1.82×	113.62	112.18	0.17%	—
FY 2020 Q2	Jun 30, 2020	4,366.9	497.41	3,869.49	0.73×	33.62%	4.09×	8.31×	4.63×	2.24×	113.68	112.18	0.16%	—
FY 2020 Q1	Mar 31, 2020	4,332.47	433.25	3,899.23	0.74×	34.14%	3.82×	9.8×	5.21×	1.97×	113.59	112.08	0.19%	—
FY 2019 Q4	Dec 31, 2019	4,382.4	606.82	3,775.57	0.7×	32.98%	3.82×	9.47×	4.81×	1.9×	113.82	112	1.27%	0
FY 2019 Q3	Sep 30, 2019	4,392.96	494.9	3,898.06	0.72×	33.83%	4.07×	11.25×	4.55×	2.05×	113.49	112	37.82%	0
FY 2019 Q2	Jun 30, 2019	4,512.91	426.72	4,086.19	0.73×	33.81%	4.63×	13.06×	4.69×	2.6×	112.87	112	41.65%	0
FY 2019 Q1	Mar 31, 2019	4,505.43	483.5	4,021.93	0.73×	34.1%	5.06×	14.94×	3.76×	2.56×	113.39	111.86	41.57%	0
FY 2018 Q4	Dec 31, 2018	4,553.06	634.9	3,918.16	0.75×	35.32%	5.17×	17.02×	4.4×	2.61×	111.88	110.6	—	0
FY 2018 Q3	Sep 30, 2018	4,377.23	5,274.46	-897.23	1.08×	45.52%	—	—	—	9.16×	81.65	81.26	—	0
FY 2018 Q2	Jun 30, 2018	1,723.69	322.42	1,401.27	0.98×	36.88%	—	—	—	2.9×	79.3	79.07	—	4.86
FY 2018 Q1	Mar 31, 2018	1,713.03	305.28	1,407.75	0.96×	36.59%	—	—	—	2.75×	79.39	79.02	—	10.62

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · IFF, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 51253