Danaher Corporation (DHR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,078,000 | 2,627,000 | 2,374,000 | 7,031,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,798,000 | 7,339,000 | 6,701,000 | 7,778,000 | 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 |
| Cash ratio | 0.31 | 0.36 | 0.35 | 0.90 | 0.71 | 1.31 | 1.02 | 0.85 | 0.71 | 0.64 | 0.53 | 0.49 | 0.32 | 0.35 | 1.07 | 0.93 | 0.82 | 0.94 | 0.99 | 0.52 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,078,000K
+ $—K)
÷ $6,798,000K
= 0.31
The cash ratio of Danaher Corporation has shown some fluctuations over the period analyzed. From March 31, 2020, to June 30, 2021, the ratio generally increased from 0.52 to 1.07, indicating an improvement in the company's ability to cover its short-term liabilities with cash and cash equivalents.
However, the ratio decreased sharply to 0.35 by September 30, 2021, before slightly increasing in the following quarters. This fluctuation may suggest varying levels of cash on hand relative to current liabilities during these periods.
By the end of 2024, the cash ratio stood at 0.31, lower than the ratio observed in the earlier part of the analyzed period. This decline could imply a potential risk in the company's short-term liquidity position as it may have had a lower level of cash in relation to its current obligations.
Overall, the cash ratio trend indicates some volatility in Danaher Corporation's ability to meet short-term obligations with available cash and highlights the importance of monitoring liquidity levels to ensure financial stability.
Peer comparison
Dec 31, 2024