Dana Inc (DAN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 494,000 | 419,000 | 430,000 | 351,000 | 529,000 | 421,000 | 484,000 | 401,000 | 425,000 | 371,000 | 321,000 | 259,000 | 268,000 | 220,000 | 384,000 | 483,000 | 559,000 | 956,000 | 694,000 | 628,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 17,000 | 13,000 | 19,000 | 19,000 | 17,000 | 18,000 | 59,000 | 26,000 | 21,000 | 22,000 | 19,000 | 23,000 |
| Total current liabilities | US$ in thousands | 2,561,000 | 2,716,000 | 2,758,000 | 2,565,000 | 2,602,000 | 2,670,000 | 2,720,000 | 2,876,000 | 2,479,000 | 2,658,000 | 2,605,000 | 2,620,000 | 2,174,000 | 2,173,000 | 2,200,000 | 2,170,000 | 1,941,000 | 1,837,000 | 1,379,000 | 2,067,000 |
| Cash ratio | 0.19 | 0.15 | 0.16 | 0.14 | 0.20 | 0.16 | 0.18 | 0.14 | 0.18 | 0.14 | 0.13 | 0.11 | 0.13 | 0.11 | 0.20 | 0.23 | 0.30 | 0.53 | 0.52 | 0.31 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($494,000K
+ $—K)
÷ $2,561,000K
= 0.19
The cash ratio of Dana Inc has varied over the reporting periods, ranging from 0.11 to 0.53. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
The trend in Dana Inc's cash ratio shows some fluctuations, with decreases followed by increases, and vice versa, over the quarters. It is important to assess the company's cash management policies and liquidity position to understand the reasons behind these fluctuations.
Overall, the cash ratio of Dana Inc provides insights into its liquidity position and ability to meet short-term obligations with cash on hand. Monitoring this ratio over time can help assess the company's financial health and cash management practices.
Peer comparison
Dec 31, 2024