Darling Ingredients Inc (DAR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,377,810 | 4,605,430 | 3,809,020 | 3,280,960 | 2,891,910 |
| Debt-to-capital ratio | 0.47 | 0.48 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,911,370K ÷ ($3,911,370K + $4,377,810K)
= 0.47
The debt-to-capital ratio of Darling Ingredients Inc has shown a consistent trend of 0.00 from December 31, 2020, through December 31, 2022. However, there was a notable increase to 0.48 as of December 31, 2023, indicating a shift towards a higher level of debt relative to the company's capital structure. This trend continued slightly downwards to 0.47 by December 31, 2024. The increase in the debt-to-capital ratio in 2023 suggests that Darling Ingredients Inc may have taken on more debt in that period, potentially to finance growth opportunities or for other strategic purposes. It would be important to monitor this ratio in future periods to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2024