Dana Inc (DAN)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,333,000 | 1,575,000 | 1,551,000 | 1,922,000 | 1,758,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,333,000K
= 0.00
Based on the data provided, Dana Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's financial structure is primarily equity-financed rather than debt-financed. A debt-to-equity ratio of 0.00 signifies that Dana Inc has no debt in relation to its equity, suggesting a lower financial risk and potentially more stable financial position. This could indicate that the company is managing its capital structure prudently and may have a strong ability to withstand economic downturns or financial shocks. However, it is important to note that a very low or zero debt-to-equity ratio may also imply missed opportunities for leverage and potential growth.
Peer comparison
Dec 31, 2024