Dana Inc (DAN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 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 | 3.85 | 4.04 | 4.28 | 5.08 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,965,000K ÷ $1,575,000K
= 5.06
Dana Inc's financial leverage ratio has been gradually increasing over the past eight quarters, from 4.17 in Q1 2022 to 5.06 in Q4 2023. This upward trend indicates that the company is relying more on debt to finance its operations and investments compared to its equity. A higher financial leverage ratio can amplify returns on equity when the company is performing well but also increases the risk of financial distress in times of economic downturns or financial difficulties. It is important for investors and stakeholders to closely monitor Dana Inc's leverage levels and assess the company's ability to service its debt obligations effectively.
Peer comparison
Dec 31, 2023