Danaher Corporation (DHR)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,864,000 | 12,277,000 | 8,575,000 | 7,379,000 | 5,995,000 | 5,150,000 | 3,984,000 | 3,717,000 | 2,586,000 | 2,552,000 | 7,322,000 | 6,330,000 | 6,035,000 | 5,687,700 | 5,539,300 | 4,367,700 | 19,912,300 | 14,252,100 | 5,433,600 | 3,910,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 176,000 | — | — | — | 110,800 | 314,400 | 241,200 | 193,100 |
| Total current liabilities | US$ in thousands | 8,274,000 | 9,367,000 | 8,404,000 | 8,730,000 | 8,389,000 | 8,002,000 | 7,556,000 | 7,547,000 | 8,140,000 | 7,257,000 | 6,825,000 | 6,824,000 | 7,402,000 | 6,038,400 | 5,599,900 | 8,465,600 | 4,932,000 | 5,934,000 | 5,008,000 | 4,632,800 |
| Cash ratio | 0.71 | 1.31 | 1.02 | 0.85 | 0.71 | 0.64 | 0.53 | 0.49 | 0.32 | 0.35 | 1.07 | 0.93 | 0.84 | 0.94 | 0.99 | 0.52 | 4.06 | 2.45 | 1.13 | 0.89 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,864,000K
+ $—K)
÷ $8,274,000K
= 0.71
The cash ratio of Danaher Corp. has exhibited fluctuations over the past eight quarters. The cash ratio, which measures the company's ability to cover its short-term liabilities using its cash and cash equivalents, has ranged from a low of 0.69 in Q1 2022 to a high of 1.49 in Q3 2023. A ratio of 1 indicates that the company has enough cash to cover its current liabilities.
The cash ratio was relatively stable in the range of 0.83 to 0.94 from Q3 2022 to Q4 2022 before experiencing a significant increase in Q3 2023 to 1.49. This higher ratio indicates an improvement in the company's liquidity position and its ability to meet short-term obligations using cash on hand.
Overall, the trend in the cash ratio suggests that Danaher Corp. has been effectively managing its cash position and maintaining adequate liquidity levels to meet its financial obligations. However, it is important to keep monitoring this ratio to ensure the company's continued ability to meet its short-term liabilities.
Peer comparison
Dec 31, 2023