Darling Ingredients Inc (DAR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 75,973 | 114,778 | 121,587 | 145,473 | 126,502 | 118,977 | 111,541 | 132,572 | 127,016 | 126,032 | 146,730 | 99,460 | 68,906 | 67,188 | 77,741 | 71,199 | 81,617 | 65,845 | 76,185 | 76,339 |
| Short-term investments | US$ in thousands | 277,473 | — | 290,946 | 253,004 | — | — | — | — | — | — | — | — | — | — | 1,037,440 | 915,085 | 805 | 5,739,060 | 5,602,450 | — |
| Total current liabilities | US$ in thousands | 1,043,500 | 1,062,540 | 963,057 | 967,294 | 998,137 | 1,033,700 | 1,013,550 | 1,099,020 | 1,068,440 | 1,027,980 | 919,827 | 813,414 | 752,684 | 756,197 | 692,212 | 637,707 | 675,305 | 623,554 | 606,296 | 651,746 |
| Cash ratio | 0.34 | 0.11 | 0.43 | 0.41 | 0.13 | 0.12 | 0.11 | 0.12 | 0.12 | 0.12 | 0.16 | 0.12 | 0.09 | 0.09 | 1.61 | 1.55 | 0.12 | 9.31 | 9.37 | 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 fluctuations over the periods from March 31, 2020, to December 31, 2024. The ratio has ranged from as low as 0.09 to as high as 9.37 during this time frame.
In the initial period, the cash ratio was notably low at 0.12 on March 31, 2020, indicating a relatively limited ability to cover its short-term liabilities with cash alone. However, there was a significant improvement in the ratio to 9.37 on June 30, 2020, suggesting a substantial increase in cash reserves relative to current liabilities.
The ratio remained relatively high in the subsequent quarters of 2020 and 2021 before decreasing to 0.09 by September 30, 2021. This sudden drop may be indicative of a decrease in cash reserves compared to the company's short-term obligations at that point.
Throughout 2022 and part of 2023, the cash ratio stayed relatively stable around 0.12, indicating that the company's cash position was generally consistent with its short-term liabilities during this period. There was a slight increase in the ratio to 0.41 on March 31, 2024, signifying an improvement in the ability to cover short-term obligations with cash.
The ratio continued to increase in the subsequent quarters of 2024, reaching 0.43 on June 30, 2024, before dropping to 0.11 on September 30, 2024. The final ratio recorded in the dataset was 0.34 on December 31, 2024, showing a moderate level of liquidity, although lower than the peaks observed earlier in the period.
Overall, the cash ratio of Darling Ingredients Inc has displayed fluctuations over the analyzed periods, indicating variations in the company's ability to meet short-term liabilities solely with its cash reserves.
Peer comparison
Dec 31, 2024