• International Flavors & Fragrances average debt/equity ratio for 2023 was 0.55, a 1.79% increase from 2022.
• International Flavors & Fragrances average debt/equity ratio for 2022 was 0.56, a 9.8% decline from 2021.
• International Flavors & Fragrances average debt/equity ratio for 2021 was 0.51, a 22.73% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.