Dana Inc (DAN)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 7,485,000 | 7,859,000 | 7,808,000 | 7,857,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Dana Inc's debt-to-assets ratio has been consistently reported as 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company's total debt level is negligible in comparison to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Dana Inc is primarily financing its operations through equity rather than debt, which may indicate a strong financial position and lower financial risk. However, it is important to note that a debt-to-assets ratio of 0.00 could also indicate that the company may not be leveraging debt effectively to finance its growth or operations.
Peer comparison
Dec 31, 2024