Danaher annual debt-to-equity ratio
2008
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2024
2025
Danaher Debt-to-Equity Ratio Growth & History (DHR)
Danaher's debt-to-equity ratio was 0.38 for fiscal 2025.
View full Danaher company overviewDanaher annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.38 | 0.03 | +8.45% |
| 2024 | 2024-12-31 | 0.35 | −0.02 | −5.25% |
| 2023 | 2023-12-31 | 0.37 | −0.05 | −11.27% |
| 2022 | 2022-12-31 | 0.41 | −0.10 | −20.11% |
| 2021 | 2021-12-31 | 0.52 | −0.04 | −7.61% |
| 2020 | 2020-12-31 | 0.56 | −0.19 | −25.05% |
| 2019 | 2019-12-31 | 0.74 | 0.40 | +115.55% |
| 2018 | 2018-12-31 | 0.35 | −0.05 | −13.52% |
| 2017 | 2017-12-31 | 0.40 | −0.13 | −25.16% |
| 2016 | 2016-12-31 | 0.53 | −0.01 | −1.82% |
| 2015 | 2015-12-31 | 0.54 | 0.39 | +265.66% |
| 2014 | 2014-12-31 | 0.15 | −0.01 | −4.95% |
| 2013 | 2013-12-31 | 0.16 | −0.12 | −44.37% |
| 2012 | 2012-12-31 | 0.28 | −0.03 | −10.47% |
| 2011 | 2011-12-31 | 0.31 | 0.11 | +52.33% |
| 2010 | 2010-12-31 | 0.21 | −0.06 | −23.04% |
| 2009 | 2009-12-31 | 0.27 | 0.00 | +0.24% |
| 2008 | 2008-12-31 | 0.27 | — | — |
Danaher quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-26 | 0.53 | 0.18 | +49.43% |
| Q1 2026 | 2026-03-27 | 0.37 | 0.03 | +7.55% |
| Q4 2025 | 2025-12-31 | 0.38 | 0.03 | +8.45% |
| Q3 2025 | 2025-09-26 | 0.36 | −0.01 | −3.12% |
| Q2 2025 | 2025-06-27 | 0.35 | −0.01 | −2.85% |
| Q1 2025 | 2025-03-28 | 0.35 | −0.01 | −4.10% |
| Q4 2024 | 2024-12-31 | 0.35 | −0.02 | −5.25% |
| Q3 2024 | 2024-09-27 | 0.37 | −0.07 | −16.97% |
| Q2 2024 | 2024-06-28 | 0.36 | −0.04 | −10.02% |
| Q1 2024 | 2024-03-29 | 0.36 | −0.05 | −11.36% |
| Q4 2023 | 2023-12-31 | 0.37 | −0.05 | −11.27% |
| Q3 2023 | 2023-09-29 | 0.44 | 0.01 | +2.55% |
| Q2 2023 | 2023-06-30 | 0.41 | −0.05 | −10.70% |
| Q1 2023 | 2023-03-31 | 0.41 | −0.09 | −17.61% |
| Q4 2022 | 2022-12-31 | 0.41 | −0.10 | −20.11% |
| Q3 2022 | 2022-09-30 | 0.43 | −0.14 | −23.97% |
| Q2 2022 | 2022-07-01 | 0.45 | −0.05 | −9.39% |
| Q1 2022 | 2022-04-01 | 0.49 | −0.03 | −6.15% |
| Q4 2021 | 2021-12-31 | 0.52 | −0.04 | −7.61% |
| Q3 2021 | 2021-10-01 | 0.57 | −0.03 | −5.48% |
| Q2 2021 | 2021-07-02 | 0.50 | −0.14 | −21.93% |
| Q1 2021 | 2021-04-02 | 0.53 | −0.34 | −39.14% |
| Q4 2020 | 2020-12-31 | 0.56 | −0.19 | −25.05% |
| Q3 2020 | 2020-10-02 | 0.60 | 0.03 | +4.75% |
| Q2 2020 | 2020-07-03 | 0.64 | 0.29 | +83.55% |
| Q1 2020 | 2020-04-03 | 0.86 | 0.53 | +160.14% |
| Q4 2019 | 2019-12-31 | 0.74 | 0.40 | +115.55% |
| Q3 2019 | 2019-09-27 | 0.57 | 0.19 | +49.18% |
| Q2 2019 | 2019-06-28 | 0.35 | −0.07 | −15.92% |
| Q1 2019 | 2019-03-29 | 0.33 | −0.05 | −14.07% |
| Q4 2018 | 2018-12-31 | 0.35 | −0.05 | −13.52% |
| Q3 2018 | 2018-09-28 | 0.38 | −0.05 | −10.75% |
| Q2 2018 | 2018-06-29 | 0.42 | −0.06 | −11.75% |
| Q1 2018 | 2018-03-30 | 0.39 | −0.12 | −23.07% |
| Q4 2017 | 2017-12-31 | 0.40 | −0.13 | −25.16% |
| Q3 2017 | 2017-09-29 | 0.43 | 0.07 | +19.95% |
| Q2 2017 | 2017-06-30 | 0.47 | −0.11 | −19.42% |
| Q1 2017 | 2017-03-31 | 0.50 | −0.00 | −0.65% |
| Q4 2016 | 2016-12-31 | 0.53 | −0.01 | −1.82% |
| Q3 2016 | 2016-09-30 | 0.36 | −0.29 | −44.82% |
| Q2 2016 | 2016-07-01 | 0.59 | 0.45 | +345.81% |
| Q1 2016 | 2016-04-01 | 0.51 | 0.37 | +271.14% |
| Q4 2015 | 2015-12-31 | 0.54 | 0.39 | +265.66% |
| Q3 2015 | 2015-10-02 | 0.65 | 0.52 | +407.88% |
| Q2 2015 | 2015-07-03 | 0.13 | 0.00 | +1.43% |
| Q1 2015 | 2015-04-03 | 0.14 | −0.02 | −10.28% |
| Q4 2014 | 2014-12-31 | 0.15 | −0.01 | −4.95% |
| Q3 2014 | 2014-09-26 | 0.13 | −0.04 | −22.20% |
| Q2 2014 | 2014-06-27 | 0.13 | −0.08 | −36.80% |
| Q1 2014 | 2014-03-28 | 0.15 | −0.08 | −33.16% |
| Q4 2013 | 2013-12-31 | 0.16 | −0.12 | −44.37% |
| Q3 2013 | 2013-09-27 | 0.16 | −0.09 | −34.15% |
| Q2 2013 | 2013-06-28 | 0.20 | −0.06 | −23.59% |
| Q1 2013 | 2013-03-29 | 0.23 | −0.05 | −17.80% |
| Q4 2012 | 2012-12-31 | 0.28 | −0.03 | −10.47% |
| Q3 2012 | 2012-09-28 | 0.25 | −0.11 | −30.16% |
| Q2 2012 | 2012-06-29 | 0.27 | −0.13 | −33.28% |
| Q1 2012 | 2012-03-30 | 0.28 | 0.09 | +45.43% |
| Q4 2011 | 2011-12-31 | 0.31 | 0.11 | +52.33% |
| Q3 2011 | 2011-09-30 | 0.36 | 0.13 | +54.76% |
| Q2 2011 | 2011-07-01 | 0.40 | 0.15 | +61.12% |
| Q1 2011 | 2011-04-01 | 0.19 | −0.05 | −21.94% |
| Q4 2010 | 2010-12-31 | 0.21 | −0.06 | −23.04% |
| Q3 2010 | 2010-10-01 | 0.23 | −0.03 | −12.25% |
| Q2 2010 | 2010-07-02 | 0.25 | −0.02 | −9.04% |
| Q1 2010 | 2010-04-02 | 0.24 | — | — |
| Q4 2009 | 2009-12-31 | 0.27 | 0.00 | +0.24% |
| Q3 2009 · Oct 2 | 2009-10-02 | 0.26 | — | — |
| Q2 2009 | 2009-07-03 | 0.27 | — | — |
| Q4 2008 | 2008-12-31 | 0.27 | — | — |
Danaher debt-to-equity ratio trends
Over the last five fiscal years, Danaher's debt-to-equity ratio decreased from 0.56 to 0.38, a change of −0.18. The latest reported quarter, Q2 2026, shows 0.53.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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