Darling Ingredients Inc (DAR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,061,100 | 9,202,370 | 6,133,730 | 5,613,330 | 5,345,260 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,061,100K
= 0.00
The debt-to-assets ratio for Darling Ingredients Inc has been consistently reported as 0.00 for the past five years across the years 2019 to 2023. A debt-to-assets ratio of 0.00 indicates that the company has no debt on its balance sheet in relation to its total assets. This implies that the company is operating without relying on debt financing to fund its operations and investments, which could be viewed positively by investors and creditors seeking a lower risk profile. It suggests that the company may have a strong financial position and may be less vulnerable to financial distress caused by debt obligations. The trend of a consistent 0.00 debt-to-assets ratio over the years could reflect a deliberate strategic choice by Darling Ingredients Inc to maintain a debt-free capital structure or the ability to pay off debt quickly.
Peer comparison
Dec 31, 2023