Darling Ingredients Inc (DAR)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 917,288 | 853,681 | 867,138 | 871,175 |
| Total current liabilities | US$ in thousands | 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 | 688,339 | 595,893 | 566,306 | 546,172 |
| Current ratio | 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 | 1.33 | 1.43 | 1.53 | 1.60 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,855,670K ÷ $998,137K
= 1.86
The current ratio of Darling Ingredients Inc has been fluctuating over the past few quarters. It stood at 1.86 as of December 31, 2023, indicating that the company had $1.86 in current assets for every $1 in current liabilities. This suggests that the company had a stronger liquidity position at the end of 2023 compared to previous quarters.
Looking back at the trend, the current ratio has generally been above 1.5 over the past years, implying that Darling Ingredients Inc has typically maintained a healthy balance between its current assets and current liabilities. A current ratio above 1 indicates that the company should be able to meet its short-term obligations.
It is crucial for investors and analysts to continue monitoring Darling Ingredients Inc's current ratio in conjunction with other financial metrics to assess the company's liquidity and financial health accurately.
Peer comparison
Dec 31, 2023