The net worth of DAC, which refers to Danaos Corporation, is $1.53 billion as of December 16, 2024.
Understanding DAC's Financial Standing
Danaos Corporation (DAC) is a leading international owner of container ships. Its net worth, often interchangeable with market capitalization for publicly traded companies, provides an indication of the company's total value in the market.
Key Financial Metrics
As of the latest available data, Danaos Corporation's market capitalization has shown significant growth over the past year.
| Metric | Value | As of Date |
|---|---|---|
| Market Cap / Net Worth | $1.53 billion | December 16, 2024 |
| One-Year Change | +12.16% (increase) | December 16, 2024 |
This increase of 12.16% over one year highlights positive performance and investor confidence in the company's operations and future prospects.
What is Market Capitalization?
Market capitalization (market cap) is the total dollar market value of a company's outstanding shares. It is calculated by multiplying the current share price by the number of outstanding shares. For a publicly traded company like Danaos (DAC), market cap is often used as a proxy for its net worth from an investor's perspective, reflecting what the market believes the company is worth. It's a dynamic figure that fluctuates with stock price movements.
For more detailed financial insights and up-to-date market information, you can explore reputable financial platforms.
