Danaher Corporation (DHR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 13.94B | 12.76B | 9.61B | 11B | 9.53B | 9.5B | 10.06B | 9.61B | 14.37B | 13.94B | 21.2B | 17.46B | 16.53B | 15.88B | 14.25B | 13.23B | 12.67B | 11.65B | 10.78B | 15.39B |
| Cash & Short-Term Investments | 5.7B | 4.62B | 1.53B | 2.96B | 1.99B | 2.08B | 2.63B | 2.37B | 7.03B | 5.86B | 12.28B | 8.57B | 7.38B | 6B | 5.15B | 3.98B | 3.72B | 2.59B | 2.55B | 7.32B |
| Cash Only | 5.7B | 4.62B | 1.53B | 2.96B | 1.99B | 2.08B | 2.63B | 2.37B | 7.03B | 5.86B | 12.28B | 8.57B | 7.38B | 6B | 5.15B | 3.98B | 3.72B | 2.59B | 2.55B | 7.32B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.82B | 3.91B | 3.75B | 4.52B | 4.31B | 4.39B | 3.51B | 3.3B | 3.38B | 4.64B | 4.2B | 4.2B | 4.31B | 5.06B | 4.41B | 4.53B | 4.41B | 5.44B | 4.28B | 4.2B |
| Days Sales Outstanding | 55.87 | 53.83 | 62.17 | 67.68 | 65.95 | 57.37 | 53.4 | 52.9 | 61.54 | 64.16 | 67.96 | 54.11 | 70.93 | 61.08 | 53.06 | 52.44 | 58.3 | 54.31 | 53.37 | 51.84 |
| Inventory | 2.61B | 2.49B | 2.67B | 2.69B | 2.53B | 2.33B | 2.68B | 2.67B | 2.65B | 2.59B | 3.02B | 3.18B | 3.38B | 2.77B | 3.24B | 3.26B | 3.07B | 2.77B | 2.74B | 2.55B |
| Days Inventory Outstanding | 92.87 | 86.29 | 96.45 | 119.92 | 95.48 | 89.83 | 101.53 | 104.48 | 100.97 | 99.48 | 120.23 | 95.88 | 120.97 | 94.93 | 95.95 | 95.04 | 89.06 | 78.14 | 83.77 | 80.18 |
| Other Current Assets | 1.81B | 1.74B | 1.65B | 90M | 86M | 79M | 657M | 685M | 1.32B | 71M | 1.7B | 1.5B | 1.46B | 1.36B | 1.46B | 1.46B | 1.47B | 82M | 1.21B | 1.33B |
| Total Non-Current Assets | 69.61B | 70.71B | 70.29B | 70.62B | 69.59B | 68.05B | 70.56B | 68.95B | 69.03B | 70.55B | 66.53B | 67.44B | 68.51B | 68.47B | 66.78B | 68.58B | 70.72B | 71.54B | 71.72B | 62.63B |
| Property, Plant & Equipment | 5.47B | 5.53B | 5.38B | 6.41B | 6.21B | 6.07B | 6.04B | 5.74B | 5.66B | 5.61B | 5.3B | 5.18B | 5.17B | 4.59B | 4.68B | 4.79B | 4.82B | 4.83B | 4.62B | 4.38B |
| Fixed Asset Turnover | 1.08x | 1.25x | 1.03x | 0.94x | 0.93x | 1.08x | 0.98x | 1.01x | 1.03x | 1.17x | 1.07x | 1.38x | 1.22x | 1.54x | 1.62x | 1.61x | 1.59x | 1.72x | 1.61x | 1.68x |
| Goodwill | 42.77B | 43.15B | 42.95B | 42.99B | 41.66B | 40.5B | 42.17B | 40.8B | 40.85B | 41.61B | 39.16B | 39.58B | 39.86B | 37.28B | 38.25B | 39.28B | 40.66B | 41.18B | 41.24B | 35.59B |
| Intangible Assets | 17.17B | 17.82B | 18.1B | 18.63B | 18.89B | 18.57B | 19.85B | 19.55B | 19.89B | 20.75B | 18.79B | 19.32B | 19.98B | 19.82B | 19.96B | 20.91B | 22.15B | 22.84B | 23.38B | 20.52B |
| Long-Term Investments | 0 | 0 | 1.53B | 1.48B | 1.8B | 1.81B | 1.7B | 1.98B | 1.77B | 1.7B | 2.05B | 2.1B | 2.29B | 2.16B | 2.68B | 2.34B | 1.74B | 1.32B | 1.22B | 898M |
| Other Non-Current Assets | 4.21B | 4.21B | 2.34B | 1.11B | 1.04B | 1.09B | 783M | 877M | 864M | 896M | 1.24B | 1.27B | 1.22B | 4.61B | 1.2B | 1.26B | 1.35B | 1.36B | 1.27B | 1.25B |
| Total Assets | 83.54B | 83.46B | 79.9B | 81.62B | 79.12B | 77.54B | 80.61B | 78.56B | 83.4B | 84.49B | 87.73B | 84.9B | 85.04B | 84.35B | 81.03B | 81.81B | 83.39B | 83.18B | 82.5B | 78.03B |
| Asset Turnover | 0.07x | 0.08x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.09x | 0.09x |
| Asset Growth % | 5.6% | 7.64% | -0.89% | 3.9% | -5.14% | -8.22% | -8.11% | -7.48% | -1.93% | 0.16% | 8.27% | 3.78% | 1.98% | 1.4% | -1.78% | 4.84% | 10.56% | 9.22% | 13.18% | 9.48% |
| Total Current Liabilities | 7.46B | 6.81B | 6.32B | 6.79B | 6.64B | 6.8B | 7.34B | 6.7B | 7.78B | 8.27B | 9.37B | 8.4B | 8.73B | 8.39B | 8B | 7.56B | 7.55B | 8.14B | 7.26B | 6.83B |
| Accounts Payable | 1.79B | 1.84B | 1.7B | 1.73B | 1.72B | 1.75B | 1.6B | 1.65B | 1.68B | 1.77B | 1.89B | 1.96B | 2.08B | 1.86B | 2.19B | 2.42B | 2.36B | 2.57B | 2.13B | 1.97B |
| Days Payables Outstanding | 66.21 | 59.2 | 61.56 | 79.17 | 68.24 | 60.07 | 61.52 | 65.33 | 66.39 | 64.81 | 74.57 | 58.95 | 77.47 | 64.02 | 68.12 | 71.72 | 75.14 | 66.75 | 65 | 63.81 |
| Short-Term Debt | 923M | 2M | 23M | 1.7B | 1.6B | 678M | 2.5B | 1.9B | 2.85B | 1.88B | 3.65B | 2.69B | 2.67B | 758M | 705M | 10M | 10M | 215M | 7M | 23M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 1.3B | 0 | 0 | 0 | 1.47B | 0 | 0 | 0 | 1.46B | 0 | 0 | 0 | 1.61B | 0 | 0 |
| Other Current Liabilities | 4.75B | 4.96B | 4.6B | 3.37B | 3.32B | 1.34B | 3.24B | 3.15B | 3.25B | 1.4B | 3.83B | 3.76B | 3.98B | 2.48B | 0 | 0 | 0 | 1.59B | 5.12B | 4.83B |
| Current Ratio | 1.87x | 1.87x | 1.52x | 1.62x | 1.43x | 1.40x | 1.37x | 1.43x | 1.85x | 1.68x | 2.26x | 2.08x | 1.89x | 1.89x | 1.78x | 1.75x | 1.68x | 1.43x | 1.48x | 2.26x |
| Quick Ratio | 1.52x | 1.51x | 1.10x | 1.22x | 1.05x | 1.05x | 1.01x | 1.04x | 1.51x | 1.37x | 1.94x | 1.70x | 1.51x | 1.56x | 1.38x | 1.32x | 1.27x | 1.09x | 1.11x | 1.88x |
| Cash Conversion Cycle | 82.53 | 80.92 | 97.06 | 108.43 | 93.19 | 87.13 | 93.42 | 92.05 | 96.12 | 98.83 | 113.61 | 91.04 | 114.44 | 91.99 | 80.88 | 75.77 | 72.22 | 65.69 | 72.14 | 68.21 |
| Total Non-Current Liabilities | 23.14B | 24.12B | 22.5B | 22.49B | 21.61B | 21.19B | 21.97B | 21.95B | 22.18B | 22.72B | 25.95B | 24.77B | 24.82B | 25.87B | 26.04B | 27.65B | 29.48B | 29.87B | 31.78B | 28.44B |
| Long-Term Debt | 17.56B | 18.42B | 16.83B | 16.85B | 15.98B | 15.5B | 16.32B | 16.31B | 16.42B | 16.71B | 19.51B | 18.29B | 18.26B | 19.09B | 18.54B | 20.05B | 21.77B | 22.17B | 23.59B | 20.4B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 968M | 0 | 0 | 0 | 954M | 0 | 0 | 0 | 772M | 0 | 0 | 0 | 889M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.57B | 5.71B | 5.67B | 5.63B | 5.64B | 4.49B | 5.65B | 5.64B | 5.76B | 4.81B | 6.44B | 6.49B | 6.56B | 5.79B | 7.49B | 7.6B | 7.71B | 6.6B | 8.19B | 8.04B |
| Total Liabilities | 30.59B | 30.93B | 28.83B | 29.28B | 28.26B | 27.99B | 29.31B | 28.65B | 29.95B | 31B | 35.32B | 33.18B | 33.55B | 34.26B | 34.04B | 35.2B | 37.03B | 38.01B | 39.04B | 35.26B |
| Total Debt | 18.48B | 18.42B | 16.86B | 18.55B | 17.58B | 17.15B | 18.82B | 18.21B | 19.26B | 19.54B | 23.16B | 20.98B | 20.93B | 20.62B | 19.25B | 20.06B | 21.78B | 23.27B | 23.6B | 20.42B |
| Net Debt | 12.78B | 13.8B | 15.33B | 15.6B | 15.58B | 15.07B | 16.2B | 15.84B | 12.23B | 13.67B | 10.88B | 12.4B | 13.55B | 14.62B | 14.1B | 16.08B | 18.06B | 20.69B | 21.05B | 13.1B |
| Debt / Equity | 0.35x | 0.35x | 0.33x | 0.35x | 0.35x | 0.35x | 0.37x | 0.36x | 0.36x | 0.37x | 0.44x | 0.41x | 0.41x | 0.41x | 0.41x | 0.43x | 0.47x | 0.52x | 0.54x | 0.48x |
| Debt / EBITDA | 12.03x | 8.67x | 9.49x | 10.29x | 9.35x | 7.32x | 12.15x | 10.42x | 10.15x | 10.24x | 13.84x | 10.53x | 10.20x | 8.34x | 7.53x | 7.28x | 7.96x | 8.49x | 9.68x | 8.07x |
| Net Debt / EBITDA | 8.32x | 6.50x | 8.63x | 8.65x | 8.29x | 6.44x | 10.46x | 9.06x | 6.44x | 7.17x | 6.50x | 6.23x | 6.60x | 5.91x | 5.52x | 5.83x | 6.60x | 7.55x | 8.63x | 5.18x |
| Interest Coverage | 21.33x | 25.96x | 17.06x | 10.23x | 16.68x | 22.56x | 12.23x | 17.66x | 20.55x | 15.49x | 17.39x | 21.78x | 24.08x | 30.15x | 46.98x | 41.57x | 39.87x | 37.58x | 23.02x | 33.43x |
| Total Equity | 52.96B | 52.54B | 51.08B | 52.34B | 50.86B | 49.55B | 51.3B | 49.9B | 53.45B | 53.49B | 52.41B | 51.72B | 51.49B | 50.09B | 46.99B | 46.6B | 46.36B | 45.18B | 43.46B | 42.77B |
| Equity Growth % | 4.13% | 6.04% | -0.44% | 4.89% | -4.85% | -7.37% | -2.12% | -3.52% | 3.81% | 6.79% | 11.54% | 10.99% | 11.05% | 10.88% | 8.13% | 8.97% | 14.67% | 13.58% | 14.45% | 17.9% |
| Book Value per Share | 74.46 | 73.90 | 71.57 | 72.79 | 70.56 | 67.21 | 70.34 | 67.22 | 71.40 | 71.69 | 70.27 | 69.46 | 69.84 | 67.17 | 63.73 | 63.32 | 62.85 | 61.18 | 59.78 | 58.11 |
| Total Shareholders' Equity | 52.95B | 52.53B | 51.07B | 52.33B | 50.85B | 49.54B | 51.3B | 49.9B | 53.44B | 53.49B | 52.41B | 51.72B | 51.48B | 50.08B | 46.98B | 46.59B | 46.36B | 45.17B | 43.45B | 42.76B |
| Common Stock | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Retained Earnings | 47.64B | 46.89B | 45.92B | 45.24B | 44.91B | 44.19B | 43.3B | 42.67B | 41.96B | 41.07B | 42.27B | 41.34B | 40.44B | 39.2B | 37.18B | 35.81B | 34.33B | 32.83B | 31.23B | 30.26B |
| Treasury Stock | 0 | -11.35B | -11.34B | -9.3B | -9.31B | -8.16B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -593M | -207M | -590M | -569M | -1.61B | -3.22B | -1.31B | -2.59B | -2.74B | -1.75B | -3.96B | -3.58B | -2.77B | -2.87B | -3.85B | -2.75B | -1.38B | -1.03B | -1.06B | -675M |
| Minority Interest | 8M | 7M | 9M | 8M | 8M | 7M | 6M | 5M | 5M | 4M | 8M | 8M | 8M | 8M | 8M | 7M | 6M | 10M | 10M | 10M |