Darling Ingredients Inc (DAR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,605,430K
= 0.00
The debt-to-equity ratio for Darling Ingredients Inc has consistently been 0.00 for the last five years, from 2019 to 2023. This indicates that the company has not relied on debt to finance its operations and has been primarily funded by equity. A debt-to-equity ratio of 0.00 suggests that the company has no long-term debt on its balance sheet or has very minimal debt compared to its equity. This can be seen as a positive sign, as it indicates a lower financial risk and higher solvency for the company. However, it's important to consider other factors such as the industry norms, business model, and growth plans to fully assess the implications of this ratio.
Peer comparison
Dec 31, 2023