Danaher Corporation (DHR)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 49,543,000 | 53,486,000 | 50,082,000 | 45,167,000 | 39,766,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $49,543,000K)
= 0.00
Based on the provided data for Danaher Corporation's debt-to-capital ratio from December 31, 2020, to December 31, 2024, it is evident that the company maintained a consistent debt-to-capital ratio of 0.00 across all the reported years. A debt-to-capital ratio of 0.00 indicates that the company had no debt in relation to its capital structure during these periods.
This consistent ratio suggests that Danaher Corporation relied primarily on equity financing rather than debt financing to support its operations and growth initiatives. A low or zero debt-to-capital ratio can reflect a strong financial position, as it indicates lower financial risk and less dependence on borrowed funds to fund its activities.
Overall, the stable debt-to-capital ratio of 0.00 for Danaher Corporation over the five-year period signifies a prudent financial management strategy aimed at maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024