Danaher Corporation (DHR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,497,000 | 10,060,000 | 9,609,000 | 14,372,000 | 13,937,000 | 21,205,000 | 17,461,000 | 16,532,000 | 15,883,000 | 14,250,000 | 13,229,000 | 12,670,000 | 11,648,000 | 10,776,000 | 15,392,000 | 14,012,000 | 13,802,000 | 12,541,200 | 12,343,800 | 11,142,600 |
| 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 |
| Current ratio | 1.40 | 1.37 | 1.43 | 1.85 | 1.68 | 2.26 | 2.08 | 1.89 | 1.89 | 1.78 | 1.75 | 1.68 | 1.43 | 1.48 | 2.26 | 2.05 | 1.86 | 2.08 | 2.20 | 1.32 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,497,000K ÷ $6,798,000K
= 1.40
Danaher Corporation's current ratio has fluctuated over the past few years, ranging from a low of 1.32 in March 2020 to a high of 2.26 in June 2021. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a positive sign of financial health.
The current ratio increased consistently from March 2020 to June 2021, suggesting the company was in a strong position to meet its short-term obligations during this period. However, there was a slight decline in the current ratio from September 2021 to December 2022, which may indicate a decrease in the company's liquidity position.
It is worth noting that the current ratio improved again in the second half of 2023, reaching 2.26 in September 2023. This indicates a healthier liquidity position for Danaher Corporation. However, the ratio decreased in the following quarters, ending at 1.40 in December 2024, which might suggest a potential decrease in the company's ability to cover its short-term liabilities with its current assets.
Overall, while the current ratio has shown some fluctuations, it is important for Danaher Corporation to monitor this ratio consistently to ensure it maintains a healthy balance between current assets and liabilities.
Peer comparison
Dec 31, 2024