Dana Inc (DAN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,703,000 | 4,054,000 | 4,076,000 | 4,102,000 | 4,103,000 | 4,220,000 | 4,331,000 | 4,233,000 | 3,829,000 | 3,954,000 | 3,953,000 | 3,994,000 | 3,586,000 | 3,603,000 | 3,650,000 | 3,573,000 | 3,288,000 | 3,604,000 | 3,042,000 | 3,307,000 |
| 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 |
| Current ratio | 1.45 | 1.49 | 1.48 | 1.60 | 1.58 | 1.58 | 1.59 | 1.47 | 1.54 | 1.49 | 1.52 | 1.52 | 1.65 | 1.66 | 1.66 | 1.65 | 1.69 | 1.96 | 2.21 | 1.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,703,000K ÷ $2,561,000K
= 1.45
Dana Inc's current ratio has shown fluctuations over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, ranged from a low of 1.45 to a high of 2.21 during the period from December 31, 2020, to December 31, 2024.
The current ratio peaked at 2.21 on June 30, 2020, indicating that Dana Inc had more than enough current assets to cover its short-term obligations at that point in time. However, the ratio decreased over the following quarters, hitting a low of 1.45 on December 31, 2024. A current ratio below 1 suggests that a company may have difficulty meeting its short-term obligations.
Overall, Dana Inc's current ratio has generally stayed above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities. However, the downward trend in the ratio towards the end of the period should be closely monitored as it may indicate potential liquidity challenges for the company in the future.
Peer comparison
Dec 31, 2024