Danaher Corporation (DHR)
Quick 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 | 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 |
| Receivables | US$ in thousands | 3,922,000 | 4,201,000 | 4,199,000 | 4,313,000 | 4,918,000 | 4,409,000 | — | — | 4,631,000 | — | — | — | 4,045,000 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.18 | 1.76 | 1.52 | 1.34 | 1.30 | 1.19 | 0.53 | 0.49 | 0.89 | 0.35 | 1.07 | 0.93 | 1.39 | 0.94 | 0.99 | 0.52 | 4.06 | 2.45 | 1.13 | 0.89 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,864,000K
+ $—K
+ $3,922,000K)
÷ $8,274,000K
= 1.18
The quick ratio of Danaher Corp. has shown some fluctuations over the past eight quarters.
In Q4 2023, the quick ratio stood at 1.37, indicating that the company had $1.37 in liquid assets available to cover each $1 of its current liabilities. This suggests a moderate level of liquidity and ability to meet short-term obligations.
The quick ratio improved significantly in Q3 2023 to 1.94, signaling a substantial increase in the company's ability to meet its short-term liabilities with its most liquid assets.
However, in Q2 2023 and Q1 2023, the quick ratio decreased to 1.70 and 1.51, respectively, compared to the previous quarter. These ratios still indicate a good liquidity position, with sufficient assets to cover short-term obligations.
Looking at the trend, the company's quick ratio has generally been above 1 over the past eight quarters, reflecting a healthy liquidity position overall. The quick ratio remained relatively stable in the range of 1.27 to 1.94, with some minor fluctuations.
Overall, based on the quick ratio trend, Danaher Corp. appears to maintain a solid liquidity position, ensuring its ability to meet short-term financial obligations with its easily convertible assets.
Peer comparison
Dec 31, 2023