Darling Ingredients Inc (DAR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,439,440 | 1,496,920 | 1,507,520 | 1,619,310 | 1,855,670 | 1,843,000 | 1,875,960 | 1,902,510 | 1,638,100 | 1,562,040 | 1,461,830 | 1,259,030 | 1,089,010 | 1,103,640 | 1,022,580 | 940,767 | 986,994 | 931,174 | 931,051 | 930,060 |
| 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 |
| Current ratio | 1.38 | 1.41 | 1.57 | 1.67 | 1.86 | 1.78 | 1.85 | 1.73 | 1.53 | 1.52 | 1.59 | 1.55 | 1.45 | 1.46 | 1.48 | 1.48 | 1.46 | 1.49 | 1.54 | 1.43 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,439,440K ÷ $1,043,500K
= 1.38
Darling Ingredients Inc's current ratio has exhibited some fluctuations over the past few years, ranging from a low of 1.38 to a high of 1.85. Generally, the current ratio has remained relatively stable, indicating the company's ability to meet its short-term obligations with its current assets.
A current ratio above 1 signifies that the company has more current assets than current liabilities, which is a positive indication of liquidity. Throughout the period analyzed, Darling Ingredients Inc has consistently maintained a current ratio above 1, reflecting a healthy liquidity position.
It's important to note that while a high current ratio indicates a strong ability to meet short-term obligations, excessively high ratios may suggest inefficient use of assets. Therefore, it is essential for the company to strike a balance between liquidity and asset efficiency to optimize its financial performance.
Peer comparison
Dec 31, 2024