Danaos Corporation

NYSE DAC

Danaos Corporation Interest Coverage Ratio for the year ending December 31, 2023: 24.12

Danaos Corporation Interest Coverage Ratio is 24.12 for the year ending December 31, 2023, a 133.80% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Danaos Corporation Interest Coverage Ratio for the year ending December 31, 2022 was 10.32, a 124.30% change year over year.
Danaos Corporation Interest Coverage Ratio for the year ending December 31, 2021 was 4.60, a 21.20% change year over year.
Danaos Corporation Interest Coverage Ratio for the year ending December 31, 2020 was 3.80, a 33.82% change year over year.
Danaos Corporation Interest Coverage Ratio for the year ending December 31, 2019 was 2.84, a 346.63% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

NYSE: DAC

Danaos Corporation

CEO	Dr. John Coustas Ph.D.
IPO Date	Oct. 16, 2006
Location	Greece
Headquarters	14 Akti Kondyli
Employees	4
Sector	Industrials
Industries Container Shipping Cruise Lines Maritime Shipping

Description

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.

Key trends

Past 5 years