Dana Inc (DAN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 494,000 | 529,000 | 425,000 | 268,000 | 559,000 |
| Short-term investments | US$ in thousands | — | — | 17,000 | 17,000 | 21,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,782,000 | 2,602,000 | 2,479,000 | 2,174,000 | 1,941,000 |
| Quick ratio | 0.28 | 0.20 | 0.18 | 0.13 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($494,000K
+ $—K
+ $—K)
÷ $1,782,000K
= 0.28
The quick ratio of Dana Inc has shown a declining trend over the past five years. Starting at 0.30 on December 31, 2020, the quick ratio decreased to 0.13 by December 31, 2021. However, there was a slight improvement in liquidity as the ratio increased to 0.18 by December 31, 2022, and further to 0.20 by December 31, 2023. The most recent figure, as of December 31, 2024, indicates a quick ratio of 0.28.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. While the latest ratio of 0.28 shows an improvement in liquidity compared to previous years, it is still relatively low, indicating that Dana Inc may continue to face challenges in efficiently meeting its short-term financial obligations. Further monitoring of Dana Inc's liquidity position would be advisable to assess its ability to manage liquidity effectively.
Peer comparison
Dec 31, 2024