Darling Ingredients Inc (DAR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 75,973 | 126,502 | 127,016 | 68,906 | 81,617 |
| Short-term investments | US$ in thousands | 277,473 | — | — | — | 805 |
| Total current liabilities | US$ in thousands | 1,043,500 | 998,137 | 1,068,440 | 752,684 | 675,305 |
| Cash ratio | 0.34 | 0.13 | 0.12 | 0.09 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($75,973K
+ $277,473K)
÷ $1,043,500K
= 0.34
The cash ratio of Darling Ingredients Inc has shown varying trends over the past five years. As of December 31, 2020, the company's cash ratio was 0.12, indicating that for every dollar of current liabilities, Darling Ingredients had $0.12 in cash or cash equivalents available to cover those liabilities.
However, by the end of December 31, 2021, the cash ratio had decreased to 0.09, suggesting a potential decrease in the company's liquidity position compared to the previous year.
In the following years, Darling Ingredients managed to improve its cash ratio, reaching 0.12 by the end of December 31, 2022, and further increasing to 0.13 by December 31, 2023. These improvements indicate a strengthening liquidity position and better ability to meet short-term obligations using available cash resources.
Notably, by December 31, 2024, Darling Ingredients' cash ratio significantly improved to 0.34, pointing to a substantial increase in the company's ability to cover its current liabilities with cash or cash equivalents. This notable improvement in the cash ratio suggests enhanced liquidity and better financial health for Darling Ingredients Inc as of the most recent reporting period.
Peer comparison
Dec 31, 2024