Dana Inc (DAN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 1,333,000 | 1,480,000 | 1,475,000 | 1,539,000 | 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 |
| Financial leverage ratio | 5.62 | 5.31 | 5.29 | 5.11 | 5.06 | 4.99 | 4.96 | 4.92 | 4.80 | 4.72 | 4.28 | 4.17 | 3.97 | 4.08 | 4.10 | 4.24 | 4.20 | 4.42 | 4.20 | 4.06 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,485,000K ÷ $1,333,000K
= 5.62
The financial leverage ratio of Dana Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 4.06 on March 31, 2020, and gradually increased to a peak of 5.62 by December 31, 2024.
The increasing trend indicates that the company's reliance on debt to finance its operations has been on the rise over the years. A high financial leverage ratio suggests that the company is heavily dependent on debt, which can increase financial risk and potentially impact the company's financial stability.
It is important for stakeholders to closely monitor Dana Inc's financial leverage ratio and ensure that the company's debt levels are sustainable and within manageable limits to avoid potential financial distress.
Peer comparison
Dec 31, 2024