Dana Inc (DAN)

Solvency ratios

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
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
Debt-to-capital 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
Debt-to-equity 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
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

Dana Inc's solvency ratios depict a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been maintained at 0.00 across the reported periods, indicating that the company has no significant financial leverage stemming from borrowed funds.

The Financial leverage ratio, which provides insight into the proportion of debt in the company's capital structure, has shown a stable trend overall. Starting at 4.06 on March 31, 2020, the ratio fluctuated slightly in subsequent quarters but remained within a tight range until December 31, 2021. Thereafter, the ratio increased steadily, reaching 5.62 by December 31, 2024. While this rise may signal a slight increase in the company's reliance on debt financing, the overall level remains within manageable limits.

In conclusion, Dana Inc's solvency ratios underscore its prudent financial management, with minimal debt exposure and controlled leverage levels. Maintaining low debt ratios enhances the company's ability to weather economic downturns, ensure liquidity, and pursue growth opportunities without being overleveraged.


Coverage ratios

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
Interest coverage 1.96 2.03 2.15 2.25 2.29 2.76 1.41 0.83 0.65 -0.10 1.45 2.00 2.40 2.81 2.67 1.10 0.91 1.50 2.03 2.15

The interest coverage ratio measures a company's ability to meet its interest obligations on its debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.

Analyzing Dana Inc's interest coverage ratio data, we can see fluctuations in the ratio over the periods provided.

- The interest coverage ratio declined from 2.15 in March 2020 to 0.91 in December 2020, indicating a potential deterioration in Dana Inc's ability to cover its interest payments.
- However, the ratio improved in the following periods, reaching a peak of 2.81 in September 2021, suggesting a recovery in the company's ability to meet its interest obligations.
- Subsequently, the interest coverage ratio fluctuated, with some periods showing a decrease (e.g., -0.10 in September 2022) before increasing again.
- Overall, Dana Inc's interest coverage ratio has shown variability, indicating potential changes in the company's financial performance and ability to service its debt obligations. It is important for investors and stakeholders to monitor these fluctuations to assess the company's financial health and debt repayment capability.