Dana Inc (DAN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,582,000 | 2,304,000 | 2,338,000 | 2,376,000 | 2,384,000 |
| Total assets | US$ in thousands | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 | 7,220,000 |
| Debt-to-assets ratio | 0.32 | 0.31 | 0.31 | 0.32 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,582,000K ÷ $7,965,000K
= 0.32
Dana Inc's debt-to-assets ratio has been relatively stable over the past five years, ranging between 0.32 and 0.33. This indicates that the company finances a significant portion of its assets through debt, typically accounting for around 32% to 33% of its total assets. The consistency in this ratio suggests that Dana Inc has maintained a consistent balance between debt and asset levels in its capital structure for the period analyzed. Overall, the debt-to-assets ratio of Dana Inc appears to reflect a moderate level of leverage, which could be manageable depending on the company's overall financial health and ability to service its debt obligations.
Peer comparison
Dec 31, 2023