Darling Ingredients Inc (DAR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,911,370 | 4,140,630 | — | — | 4,322,380 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 10,070,500 | 10,572,700 | 10,620,600 | 10,942,800 | 11,061,100 | 10,810,300 | 10,973,200 | 10,861,100 | 9,202,370 | 8,808,750 | 8,026,690 | 6,615,620 | 6,133,730 | 5,925,720 | 5,833,320 | 5,591,450 | 5,613,330 | 5,380,990 | 5,327,150 | 5,377,780 |
| Debt-to-assets ratio | 0.39 | 0.39 | 0.00 | 0.00 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Darling Ingredients Inc has been consistently at 0.00 from March 31, 2020, to June 30, 2024. However, there was a noticeable increase to 0.39 as of December 31, 2023, which was maintained through September 30, 2024. This increase in the ratio indicates that a larger portion of the company's assets are being funded by debt during this period, which might suggest a shift in the company's capital structure or an increase in its borrowing levels. It would be important for investors and stakeholders to monitor this ratio in future periods to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2024