Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.41 is 34% below its 5-year average of 0.62, near the low end of its 5-year range (0.41–0.77).
As of the fiscal period ended Tuesday, March 31, 2026. 21.31% below its 12-month average of 0.52.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.41
DEBT TO EQUITY RATIO AVG TTM
0.52
DEBT TO EQUITY RATIO AVG 3Y
0.63
DEBT TO EQUITY RATIO AVG 5Y
0.63
DEBT TO EQUITY RATIO AVG 10Y
0.72
DEBT TO EQUITY RATIO AVG 15Y
0.72
DEBT TO EQUITY RATIO AVG 20Y
0.77
CURRENT VS TTM AVG
-21.31%
CURRENT VS 3Y AVG
-34.38%
CURRENT VS 5Y AVG
-34.84%
CURRENT VS 10Y AVG
-42.83%
CURRENT VS 15Y AVG
-42.85%
CURRENT VS 20Y AVG
-46.38%
SECTOR MEDIAN · BASIC MATERIALS
0.47
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-12.35%
vs the sector median at left
International Flavors & Fragrances Inc.
Market Cap
$19.87B
Debt to Equity Ratio
0.41
TTM Avg
0.52
3Y Avg
0.63
5Y Avg
0.63
Market Cap
$19.49B
Debt to Equity Ratio
1.58
TTM Avg
1.31
3Y Avg
1.17
5Y Avg
1.33
Market Cap
$19.46B
Debt to Equity Ratio
0.82
TTM Avg
0.73
3Y Avg
0.67
5Y Avg
0.88
Market Cap
$20.93B
Debt to Equity Ratio
0.28
TTM Avg
0.24
3Y Avg
0.23
5Y Avg
0.26
Market Cap
$18.54B
Debt to Equity Ratio
0.23
TTM Avg
0.27
3Y Avg
0.29
5Y Avg
0.33
Market Cap
$17.15B
Debt to Equity Ratio
0.57
TTM Avg
0.58
3Y Avg
0.67
5Y Avg
0.84
Market Cap
$22.83B
Debt to Equity Ratio
0.73
TTM Avg
0.72
3Y Avg
0.71
5Y Avg
0.85
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Flavors & Fragrances Inc. (IFF) | $19.87B | 0.41 | 0.52 | 0.63 | 0.63 |
| LyondellBasell Industries N.V. (LYB)vs › | $19.49B | 1.58 | 1.31 | 1.17 | 1.33 |
| CF Industries Holdings, Inc. (CF)vs › | $19.46B | 0.82 | 0.73 | 0.67 | 0.88 |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.93B | 0.28 | 0.24 | 0.23 | 0.26 |
| DuPont de Nemours, Inc. (DD)vs › | $18.54B | 0.23 | 0.27 | 0.29 | 0.33 |
| Dow Inc. (DOW)vs › | $21.60B | 1.22 | 1.12 | 0.98 | 1.06 |
| CEMEX, S.A.B. de C.V. (CX)vs › | $17.15B | 0.57 | 0.58 | 0.67 | 0.84 |
| International Paper Company (IP)vs › | $22.83B | 0.73 | 0.72 | 0.71 | 0.85 |
| Royal Gold, Inc. (RGLD)vs › | $16.35B | 0.13 | 0.07 | 0.11 | 0.07 |
| PPG Industries, Inc. (PPG)vs › | $25.07B | -2.10 | 0.89 | 1.03 | 1.07 |
Debt/Equity
0.41
Current Ratio
1.42
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.41 |
| 2025-12-31 | 0.47 |
| 2025-09-30 | 0.51 |
| 2025-06-30 | 0.48 |
| 2025-03-31 | 0.75 |
| 2024-12-31 | 0.69 |
| 2024-09-30 | 0.66 |
| 2024-06-30 | 0.71 |
| 2024-03-31 | 0.77 |
| 2023-12-31 | 0.74 |
| 2023-09-30 | 0.65 |
| 2023-06-30 | 0.64 |
| 2023-03-31 | 0.67 |
| 2022-12-31 | 0.67 |
| 2022-09-30 | 0.68 |
| 2022-06-30 | 0.63 |
| 2022-03-31 | 0.59 |
| 2021-12-31 | 0.58 |
| 2021-09-30 | 0.57 |
| 2021-06-30 | 0.59 |
| 2021-03-31 | 0.58 |
| 2020-12-31 | 0.75 |
| 2020-09-30 | 0.71 |
| 2020-06-30 | 0.73 |
| 2020-03-31 | 0.74 |
| 2019-12-31 | 0.75 |
| 2019-09-30 | 0.78 |
| 2019-06-30 | 0.78 |
| 2019-03-31 | 0.78 |
| 2018-12-31 | 0.75 |
| 2018-09-30 | 1.09 |
| 2018-06-30 | 0.99 |
| 2018-03-31 | 0.97 |
| 2017-12-31 | 0.97 |
| 2017-09-30 | 0.95 |
| 2017-06-30 | 1.13 |
| 2017-03-31 | 0.95 |
| 2016-12-31 | 0.81 |
| 2016-09-30 | 0.81 |
| 2016-06-30 | 0.89 |
| 2016-03-31 | 0.92 |
| 2015-12-31 | 0.67 |
| 2015-09-30 | 0.75 |
| 2015-06-30 | 0.61 |
| 2015-03-31 | 0.60 |
| 2014-12-31 | 0.62 |
| 2014-09-30 | 0.58 |
| 2014-06-30 | 0.59 |
| 2014-03-31 | 0.62 |
| 2013-12-31 | 0.64 |
| 2013-09-30 | 0.65 |
| 2013-06-30 | 0.75 |
| 2013-03-31 | 0.78 |
| 2012-12-31 | 0.82 |
| 2012-09-30 | 0.72 |
| 2012-06-30 | 0.71 |
| 2012-03-31 | 0.73 |
| 2011-12-31 | 0.81 |
| 2011-09-30 | 0.76 |
| 2011-06-30 | 0.83 |
| 2011-03-31 | 0.88 |
| 2010-12-31 | 0.92 |
| 2010-09-30 | 1.00 |
| 2010-06-30 | 1.16 |
| 2010-03-31 | 1.25 |
| 2009-12-31 | 1.32 |
| 2009-09-30 | 1.53 |
| 2009-06-30 | 1.70 |
| 2009-03-31 | 1.91 |
| 2008-12-31 | 2.19 |
| 2008-09-30 | 1.64 |
| 2008-06-30 | 1.89 |
| 2008-03-31 | 2.10 |
| 2007-12-31 | 1.96 |
| 2007-09-30 | 2.17 |
| 2007-06-30 | 0.81 |
| 2007-03-31 | 0.86 |
| 2006-12-31 | 0.89 |
| 2006-09-30 | 0.84 |
| 2006-06-30 | 0.77 |
| 2006-03-31 | 1.05 |
| 2005-12-31 | 1.04 |
| 2005-09-30 | 0.74 |
| 2005-06-30 | 0.85 |
| 2005-03-31 | 0.81 |
| 2004-12-31 | 0.75 |
| 2004-09-30 | 0.86 |
| 2004-06-30 | 1.03 |
| 2004-03-31 | 1.12 |
| 2003-12-31 | 1.19 |
| 2003-09-30 | 1.44 |
| 2003-06-30 | 1.19 |
| 2003-03-31 | 1.88 |
| 2002-12-31 | 1.84 |
| 2002-09-30 | 1.87 |
| 2002-06-30 | 1.97 |