Darling Ingredients Inc (DAR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,605,430 | 3,809,020 | 3,280,960 | 2,891,910 | 2,565,820 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,605,430K)
= 0.00
Based on the data provided for Darling Ingredients Inc over the past five years, the debt-to-capital ratio has consistently been 0.00, indicating that the company has not utilized any debt in financing its operations relative to its total capital structure during this period. This suggests that Darling Ingredients Inc has primarily relied on equity financing or other non-debt sources to fund its operations and investments. A debt-to-capital ratio of 0.00 signifies a conservative financial approach with a lower level of financial risk related to debt obligations. It also indicates a strong financial position where the company may have ample cash flow or retained earnings to support its business activities without the need for significant debt financing.
Peer comparison
Dec 31, 2023