Darling Ingredients Inc (DAR)

Debt-to-capital 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 stockholders’ equity US$ in thousands 4,605,430 4,380,710 4,368,230 4,032,530 3,809,020 3,580,110 3,493,470 3,425,280 3,280,960 3,205,520 3,118,580 2,966,600 2,891,910 2,773,920 2,633,360 2,543,560 2,565,820 2,308,490 2,342,910 2,290,540
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,605,430K)
= 0.00

The debt-to-capital ratio for Darling Ingredients Inc has consistently remained at 0.00 over the past few years, indicating that the company has not had any debt as a proportion of its total capital during the periods shown in the table. This suggests that the company has been relying more on equity financing rather than debt financing to fund its operations and investments. A low or zero debt-to-capital ratio can be seen as a positive indication of financial stability and lower financial risk for the company.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Darling Ingredients Inc
DAR
0.00
Archer-Daniels-Midland Company
ADM
0.28
Bunge Limited
BG
0.27