As of June 13, 2025, Danaos Corp (DAC) reports a Current Ratio of 3.97.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Danaos Corp's Current Ratio
Over recent years, Danaos Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 3.97 |
| 2023-12-31 | 2.98 |
| 2022-12-31 | 1.63 |
| 2021-12-31 | 1.98 |
| 2020-12-31 | 0.49 |
This slight upward trend highlights how Danaos Corp manages its short-term assets and liabilities over time.
Comparing Danaos Corp's Current Ratio to Peers
To better understand Danaos Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Danaos Corp (DAC) | 3.97 |
| Performance Shipping Inc (PSHG) | 5.29 |
| Castor Maritime Inc (CTRM) | 3.94 |
| Eneti Inc (NETI) | 3.87 |
| Pyxis Tankers Inc (PXS) | 3.76 |
| Diana Shipping Inc (DSX) | 2.58 |
Compared to its competitors, Danaos Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.