Dana Inc (DAN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,575,000	1,589,000	1,623,000	1,603,000	1,551,000	1,622,000	1,849,000	1,932,000	1,922,000	1,856,000	1,871,000	1,795,000	1,758,000	1,703,000	1,644,000	1,783,000	1,873,000	1,791,000	1,716,000	1,434,000
Debt-to-capital ratio		0.62	0.62	0.61	0.59	0.60	0.58	0.56	0.55	0.55	0.56	0.56	0.57	0.57	0.62	0.63	0.57	0.56	0.58	0.60	0.64

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,582,000K ÷ ($2,582,000K + $1,575,000K)
= 0.62

The debt-to-capital ratio of Dana Inc has been relatively stable over the past eight quarters, ranging between 0.58 and 0.63. This ratio indicates the proportion of the company's capital structure that is funded by debt. A higher ratio suggests a higher level of financial risk as the company relies more on debt financing.

In the case of Dana Inc, the debt-to-capital ratio has hovered around the mid-0.6 range, indicating a moderately high reliance on debt to finance its operations and investments. The slight fluctuations in the ratio over the quarters suggest that the company has maintained a consistent balance between debt and equity in its capital structure.

Overall, the trend in the debt-to-capital ratio for Dana Inc does not show significant variations, portraying a steady approach to managing its financial leverage. It is essential for investors and stakeholders to continue monitoring this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.