Danaos Corporation

Danaos Corporationverified

DAC

Price:

$79.295

Market Cap:

$1.53B

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.[Read more]

Industry

Marine Shipping

IPO Date

2006-10-16

Stock Exchange

NYSE

Ticker

DAC

The Current Ratio as of September 2024 (TTM) for Danaos Corporation (DAC) is 4.18

According to Danaos Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 4.18. This represents a change of 20.09% compared to the average of 3.48 of the last 4 quarters.

Danaos Corporation (DAC) Historical Current Ratio (quarterly & annually)

How has DAC Current Ratio performed in the past?

The mean historical Current Ratio of Danaos Corporation over the last ten years is 0.93. The current 4.18 Current Ratio has changed 44.84% with respect to the historical average. Over the past ten years (40 quarters), DAC's Current Ratio was at its highest in in the June 2024 quarter at 4.18. The Current Ratio was at its lowest in in the June 2017 quarter at 0.05.

Quarterly (TTM)
Annual

Average

0.93

Median

0.52

Minimum

0.05

Maximum

2.98

Danaos Corporation (DAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Danaos Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 915.63%

Maximum Annual Current Ratio = 2.98

Minimum Annual Increase = -87.04%

Minimum Annual Current Ratio = 0.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.9882.95%
20221.63-17.66%
20211.98300.83%
20200.49-42.10%
20190.8558.72%
20180.54915.63%
20170.05-0.06%
20160.05-87.04%
20150.4130.09%
20140.31-8.40%

Danaos Corporation (DAC) Average Current Ratio

How has DAC Current Ratio performed in the past?

The current Current Ratio of Danaos Corporation (DAC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.20

5-year avg

1.59

10-year avg

0.93

Danaos Corporation (DAC) Current Ratio vs. Peers

How is DAC’s Current Ratio compared to its peers?

Danaos Corporation’s Current Ratio is greater than Genco Shipping & Trading Limited (3.59), greater than Costamare Inc. (1.61), greater than Eagle Bulk Shipping Inc. (0.89), greater than Ardmore Shipping Corporation (3.50), greater than Global Ship Lease, Inc. (1.42), greater than Capital Product Partners L.P. (0.53), greater than Euroseas Ltd. (1.46), greater than Navios Maritime Partners L.P. (3.72), greater than Navios Maritime Holdings Inc. (1.20), greater than Star Bulk Carriers Corp. (1.51), greater than Golden Ocean Group Limited (1.17), greater than Diana Shipping Inc. (0),

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