Darling Ingredients Inc (DAR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,911,370 | 4,322,380 | — | — | — |
| Total assets | US$ in thousands | 10,070,500 | 11,061,100 | 9,202,370 | 6,133,730 | 5,613,330 |
| Debt-to-assets ratio | 0.39 | 0.39 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,911,370K ÷ $10,070,500K
= 0.39
The debt-to-assets ratio for Darling Ingredients Inc remained constant at 0.00% from December 31, 2020, to December 31, 2022. However, there was an increase in the ratio to 0.39% as of December 31, 2023, and this ratio was maintained at the same level as of December 31, 2024. This indicates that Darling Ingredients Inc started using debt to finance its assets in 2023 and continued to do so in 2024, representing a shift towards a slightly more leveraged capital structure. It is important for stakeholders to monitor this trend to assess the company's ability to manage its debt obligations while maintaining healthy asset levels.
Peer comparison
Dec 31, 2024