Darling Ingredients Inc (DAR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 5,345,260 | 4,944,900 | 5,036,600 | 4,995,050 |
| Debt-to-assets ratio | 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 | 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 consistently shows as 0.00 across all the periods provided in the table. This indicates that the company does not have any debt in relation to its assets or that the amount of debt is negligible compared to the total assets. A debt-to-assets ratio of 0.00 is generally considered favorable as it suggests a low risk of financial distress due to high levels of debt. It could imply that the company relies more on equity financing rather than debt financing to support its operations and investments. However, it is important to note that a debt-to-assets ratio of 0.00 may also indicate that the company has very few assets or that the data might not accurately reflect the actual financial position of the company. It would be beneficial to further analyze the company's financial statements and other relevant factors to gain a more comprehensive understanding of its capital structure and financial stability.
Peer comparison
Dec 31, 2023