Dana Inc (DAN)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,582,000	2,546,000	2,571,000	2,310,000	2,304,000	2,276,000	2,311,000	2,331,000	2,338,000	2,338,000	2,348,000	2,369,000	2,376,000	2,832,000	2,837,000	2,336,000	2,384,000	2,436,000	2,531,000	2,501,000
Total assets	US$ in thousands	7,965,000	7,937,000	8,046,000	7,893,000	7,449,000	7,662,000	7,919,000	8,053,000	7,632,000	7,577,000	7,679,000	7,602,000	7,376,000	7,522,000	6,908,000	7,235,000	7,220,000	7,231,000	7,346,000	7,284,000
Debt-to-assets ratio		0.32	0.32	0.32	0.29	0.31	0.30	0.29	0.29	0.31	0.31	0.31	0.31	0.32	0.38	0.41	0.32	0.33	0.34	0.34	0.34

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 remained relatively stable over the past eight quarters, hovering around 0.33 to 0.34. This indicates that approximately 33% to 34% of the company's assets are financed by debt, while the remaining portion is funded by equity. A consistent debt-to-assets ratio suggests that Dana Inc has been maintaining a balanced capital structure, utilizing a mix of debt and equity to finance its operations and investments. However, it is important to note that a higher debt-to-assets ratio could indicate higher financial risk, as the company may have a larger debt burden to service. Conversely, a lower ratio could suggest a conservative approach to leverage. Overall, Dana Inc's stable debt-to-assets ratio reflects a prudent capital management strategy.