• Darling Ingredients average debt/equity ratio for 2023 was 1, a 31.58% decline from 2022.
• Darling Ingredients average debt/equity ratio for 2022 was 0.76, a 72.73% increase from 2021.
• Darling Ingredients average debt/equity ratio for 2021 was 0.44, a 21.43% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.