Dana Inc (DAN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 494,000 | 4,103,000 | 3,829,000 | 3,586,000 | 3,288,000 |
| Total current liabilities | US$ in thousands | 1,782,000 | 2,602,000 | 2,479,000 | 2,174,000 | 1,941,000 |
| Current ratio | 0.28 | 1.58 | 1.54 | 1.65 | 1.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $494,000K ÷ $1,782,000K
= 0.28
The current ratio of Dana Inc has progressively decreased from 1.69 as of December 31, 2020, to 1.65 as of December 31, 2021, and further to 1.54 as of December 31, 2022. However, there was a slight improvement to 1.58 as of December 31, 2023. Nevertheless, there was a significant decrease to a concerning level of 0.28 as of December 31, 2024.
A current ratio below 1 suggests that Dana Inc may have difficulty meeting its short-term obligations with its current assets. It is essential for the company to closely monitor its liquidity position and take necessary actions to improve its current ratio to a healthier level.
Peer comparison
Dec 31, 2024