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Danaos Corporation  (DAC)
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Danaos's Quick Ratio

DAC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2022, Quick Ratio deteriorated to 2.98 above company average Quick Ratio.

Within Marine Transportation industry 3 other companies have achieved higher Quick Ratio than Danaos in forth quarter 2022. While Quick Ratio total ranking in the forth quarter 2022 has deteriorated compared to the prior quarter from 1108 to 1183.

Explain Quick Ratio?
How much Cash & cash equivalents DACīs has?
What are DACīs Current Liabilities?


DAC Quick Ratio (Dec 31 2022)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities Change -37.72 % -37.72 % -37.72 % -37.72 % -18.85 %
Y / Y Cash & cash equivalent Change 106.29 % 106.29 % 106.29 % 106.29 % 97.61 %
Quick Ratio MRQ 2.98 2.98 2.98 2.98 0.9
DAC's Total Ranking # 1183 # 1108 # 1183 # 1183 # 1183
Seq. Current Liabilities Change 0 % 0 % 0 % -37.72 % 0 %
Seq. Cash & cash equivalent Change 0 % 0 % 0 % 106.29 % 0 %



Quick Ratio forth quarter 2022 Company Ranking
Within: No.
Marine Transportation Industry # 4
Transportation Sector # 9
Overall Market # 1183


Quick Ratio Statistics
High Average Low
2.98 0.68 0.03
(Dec 31 2022)  




Financial Statements
Danaos's Current Liabilities $ 90 Millions Visit DAC's Balance sheet
Danaos's Cash & cash equivalent $ 268 Millions Visit DAC's Balance sheet
Source of DAC's Sales Visit DAC's Sales by Geography


Cumulative Danaos's Quick Ratio

DAC's Quick Ratio for the trailling 12 Months

DAC Quick Ratio

(Dec 31 2022)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities TTM Growth -37.72 % -37.72 % -37.72 % -37.72 % -18.85 %
Y / Y Cash & cash equivalent TTM Growth 106.29 % 106.29 % 106.29 % 106.29 % 97.61 %
Quick Ratio TTM 2.98 2.26 1.7 1.26 0.9
Total Ranking TTM # 1020 # 4419 # 4800 # 4807 # 4818
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % -37.72 % 0 %
Seq. Cash & cash equivalent TTM Growth 0 % 0 % 0 % 106.29 % 0 %


On the trailing twelve months basis DAC Cash & cash equivalent more than doubled by 106.29 % in IV Quarter 2022 year on year, while Current Liabilities remained unchanged to $90 millions, this led to increase in in Danaos's Quick Ratio to 2.98, above DAC average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Marine Transportation industry just one company has achieved higher Quick Ratio during the twelve months ending in the Dec 31 2022. While Quick Ratio overall ranking has improved so far to 1020, from total ranking during the twelve months ending third quarter 2022 at 4419.

Explain Quick Ratio?
How much Cash & cash equivalents DACīs has?
What are DACīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Marine Transportation Industry # 2
Transportation Sector # 7
Within the Market # 1020


trailing twelve months Quick Ratio Statistics
High Average Low
1.17 0.38 0.03
(Dec 31 2022)  




Companies with similar Quick Ratio in the quarter ending Dec 31 2022, within Marine Transportation Industry Quick RatioDec 31 2022 MRQ Cash & cash equivalentDec 31 2022 MRQ Current Liabilities
Toro Corp   6.41 $ 41.780  Millions$ 6.519  Millions
Oceanpal Inc   3.44 $ 8.454  Millions$ 2.459  Millions
Singularity Future Technology Ltd   3.37 $ 36.069  Millions$ 10.689  Millions
Eneti Inc   3.13 $ 119.958  Millions$ 38.305  Millions
Danaos Corporation  2.98 $ 267.668  Millions$ 89.789  Millions
Castor Maritime Inc   2.92 $ 142.373  Millions$ 48.778  Millions
Teekay Corporation  2.24 $ 519.857  Millions$ 232.272  Millions
Imperial Petroleum Inc   2.19 $ 50.901  Millions$ 23.291  Millions
Costamare Inc   2.00 $ 847.831  Millions$ 423.090  Millions
Genco Shipping and Trading Limited  1.75 $ 63.785  Millions$ 36.540  Millions
Stealthgas Inc   1.65 $ 84.790  Millions$ 51.323  Millions
Performance Shipping Inc   1.57 $ 38.726  Millions$ 24.648  Millions
Dorian Lpg Ltd   1.55 $ 129.817  Millions$ 83.870  Millions
Eagle Bulk Shipping Inc   1.45 $ 187.155  Millions$ 128.965  Millions
Globus Maritime Limited  1.41 $ 52.833  Millions$ 37.522  Millions
Pangaea Logistics Solutions Ltd   1.39 $ 128.385  Millions$ 92.212  Millions
Safe Bulkers Inc   1.25 $ 114.377  Millions$ 91.317  Millions
Capital Product Partners L p   1.22 $ 144.635  Millions$ 118.580  Millions
Star Bulk Carriers Corp   1.01 $ 284.323  Millions$ 282.555  Millions
Diana Shipping Inc   1.00 $ 122.928  Millions$ 122.765  Millions
Expeditors International Of Washington Inc   0.99 $ 2,034.131  Millions$ 2,054.055  Millions
Brink s Co  0.98 $ 1,410.500  Millions$ 1,445.500  Millions
Tsakos Energy Navigation Limited  0.83 $ 308.637  Millions$ 369.687  Millions
Scorpio Tankers Inc   0.80 $ 376.870  Millions$ 473.251  Millions
Navios Maritime Holdings Inc   0.73 $ 78.851  Millions$ 107.863  Millions
Euronav Nv  0.71 $ 180.168  Millions$ 254.338  Millions
Overseas Shipholding Group Inc   0.64 $ 93.535  Millions$ 145.927  Millions
Top Ships Inc   0.64 $ 20.544  Millions$ 32.235  Millions
Pyxis Tankers Inc   0.63 $ 7.939  Millions$ 12.561  Millions

Date modified: 2023-03-24T16:47:33+00:00



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