Danaher Corporation (DHR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,078,000K
+ $—K
+ $—K)
÷ $6,798,000K
= 0.31
Danaher Corporation's quick ratio has demonstrated fluctuations over the analyzed period. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Starting from March 31, 2020, with a quick ratio of 0.52, there was a significant improvement by June 30, 2020, when the ratio increased to 0.99. Subsequently, the quick ratio stayed relatively stable above 0.80 until September 30, 2021, where it dropped to 0.35, indicating a potential liquidity challenge.
However, from that point, there was a recovery, with the quick ratio gradually increasing to 1.31 by September 30, 2023, signaling a strong position to meet short-term obligations. This positive trend continued until March 31, 2024, at 0.90.
It is important to note that a quick ratio of 1 or higher usually signifies that a company can cover its short-term obligations without having to sell fixed assets. Overall, Danaher Corporation's quick ratio appears to reflect a reasonable ability to handle short-term financial liabilities, with fluctuations suggesting varying liquidity levels throughout the analyzed period.
Peer comparison
Dec 31, 2024