Dana Inc (DAN)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,162,000 | 3,273,000 | 3,370,000 | 3,443,000 |
| Total current liabilities | US$ in thousands | 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 | 1,845,000 | 1,990,000 | 2,064,000 | 2,113,000 |
| Current ratio | 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 | 1.71 | 1.64 | 1.63 | 1.63 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,103,000K ÷ $2,602,000K
= 1.58
The current ratio of Dana Inc has remained relatively stable over the past eight quarters, ranging from 1.47 to 1.59. The company's current assets continue to exceed its current liabilities, indicating a strong ability to meet short-term obligations. However, the slight fluctuations in the current ratio may suggest fluctuations in the company's liquidity position, potentially influenced by changes in working capital management or variations in current asset and liability levels. Overall, a current ratio consistently above 1.5 reflects a healthy liquidity position for Dana Inc, providing a cushion to cover short-term financial commitments.
Peer comparison
Dec 31, 2023