Dana (DAN) Debt-to-Equity : 1.89 (As of Dec. 2023)

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Dana's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $99 Mil. Dana's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,882 Mil. Dana's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,575 Mil. Dana's debt to equity for the quarter that ended in Dec. 2023 was 1.89.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dana's Debt-to-Equity or its related term are showing as below:

DAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.33 Med: 1.52 Max: 2.16
Current: 1.89

During the past 13 years, the highest Debt-to-Equity Ratio of Dana was 2.16. The lowest was 1.33. And the median was 1.52.

DAN's Debt-to-Equity is ranked worse than
91.4% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs DAN: 1.89

Dana Debt-to-Equity Historical Data

The historical data trend for Dana's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.36

1.51

1.39

1.75

1.89

Dana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.75	1.87	1.83	1.86	1.89

Competitive Comparison

For the Auto Parts subindustry, Dana's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dana Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Dana's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dana's Debt-to-Equity falls into.

Dana Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dana's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(99	+	2882)	/	1575
	=	1.89

Dana's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(99	+	2882)	/	1575
	=	1.89

Dana (NYSE:DAN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dana Debt-to-Equity Related Terms

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Dana (DAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dana Inc (NYSE:DAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4DH:Germany

Address

3939 Technology Drive, Maumee, OH, USA, 43537

Website

https://www.dana.com

Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. From axles, driveshafts, transmissions, sealing, and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions The company operates in four reportable segments Light Vehicle Drive Systems, Commercial Vehicle Drive & Motion Systems, Off-Highway Drive & Motion Systems, and Power Technologies. The maximum revenue is derived from the Light Vehicle Drive Systems segment.

Executives

Jeroen Decleer	officer: SVP & Pres Off-Highway Drive	GEMENEWEIDEWEG-NOORD 18, BRUGGE C9 8310
Aziz Aghili	officer: Pres Off-Hwy Technologies & AP	5706 KIRKRIDGE TRAIL, ROCHESTER HILLS MI 48306
James D Kellett	officer: VP & Chief Accounting Officer	3946 WRENS NEST BLVD, MAUMEE OH 43537
James Kevin Kamsickas	director, officer: President & CEO	44011 CYPRESS POINT DRIVE, NORTHVILLE MI 48168
Byron S Foster	officer: Pres, Light Veh Drive Systems	30 ISABELLA ST., PITTSBURGH PA 15212
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Gaoxiang Hu	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Ernesto M Hernandez	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Timothy R Kraus	officer: SVP & Chief Financial Officer	812, PILGRAM AVENUE, BIRMINGHAM MI 48009
Robert D Pyle	officer: Pres, Light Vehicle Driveline	3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Jonathan Mark Collins	officer: SVP & Chief Financial Officer	50196 VENICE COURT, NORTHVILLE MI 48168
Ryan Laskey	officer: SVP - Commercial Veh Drive	9332 CRISTAL MARIE CT, TEMPERANCE MI 48182
Antonio Valencia	officer: Pres. Power Technologies Group	3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Keith E Wandell	director
Bridget E Karlin	director	3 TALL TREE LANE, PLEASANTVILLE NY 10570