Dana Inc (DAN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,485,000 | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,485,000K
= 0.00
Based on the provided data, Dana Inc's debt-to-assets ratio has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that Dana Inc's assets are entirely funded by equity, which can be a positive sign as it signifies lower financial risk and potential financial stability. However, it is important to note that a very low debt-to-assets ratio may also indicate a missed opportunity to leverage debt for potential growth or tax advantages. Overall, Dana Inc's consistent 0.00 debt-to-assets ratio suggests a conservative capital structure approach.
Peer comparison
Dec 31, 2024