Danaher Corporation (DHR)

Financial leverage 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
Total assets	US$ in thousands	84,488,000	87,734,000	84,902,000	85,040,000	84,350,000	81,030,000	81,806,000	83,392,000	83,184,000	82,498,000	78,027,000	75,426,000	76,161,000	72,890,700	71,268,400	68,930,300	62,082,000	61,531,100	53,322,000	51,774,400
Total stockholders’ equity	US$ in thousands	53,486,000	52,407,000	51,716,000	51,478,000	50,082,000	46,985,000	46,594,000	46,356,000	45,167,000	43,451,000	42,756,000	40,419,000	39,766,000	37,961,000	36,261,700	31,055,100	30,271,000	32,502,300	32,201,200	31,556,600
Financial leverage ratio		1.58	1.67	1.64	1.65	1.68	1.72	1.76	1.80	1.84	1.90	1.82	1.87	1.92	1.92	1.97	2.22	2.05	1.89	1.66	1.64

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $84,488,000K ÷ $53,486,000K
= 1.58

The financial leverage ratio of Danaher Corp. has been relatively stable over the past eight quarters, fluctuating between 1.58 and 1.80. This ratio indicates the company's level of debt relative to its equity, with a higher ratio suggesting higher financial leverage and potentially greater financial risk.

Overall, the trend shows a slight decrease in the financial leverage ratio from Q4 2022 to Q4 2023, indicating a potential reduction in debt levels compared to equity. However, the ratio remained within a relatively narrow range, which suggests that Danaher Corp. has maintained a consistent balance between debt and equity financing during the period under review.

It is important for investors and analysts to continue monitoring Danaher Corp.'s financial leverage ratio to assess the company's capital structure and financial risk profile effectively.