Danaher annual net debt
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2025
Danaher Net Debt Growth & History (DHR)
Danaher's net debt was $15.10B for fiscal 2025.
View full Danaher company overviewDanaher annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $15.10B | $35.0M | +0.23% |
| 2024 | 2024-12-31 | $15.07B | $1.40B | +10.21% |
| 2023 | 2023-12-31 | $13.67B | −$949.0M | −6.49% |
| 2022 | 2022-12-31 | $14.62B | −$6.07B | −29.32% |
| 2021 | 2021-12-31 | $20.69B | $4.54B | +28.14% |
| 2020 | 2020-12-31 | $16.14B | $13.53B | +517.63% |
| 2019 | 2019-12-31 | $2.61B | −$6.34B | −70.80% |
| 2018 | 2018-12-31 | $8.95B | −$939.3M | −9.50% |
| 2017 | 2017-12-31 | $9.89B | −$1.41B | −12.50% |
| 2016 | 2016-12-31 | $11.31B | −$774.3M | −6.41% |
| 2015 | 2015-12-31 | $12.08B | $11.61B | +2482.21% |
| 2014 | 2014-12-31 | $467.8M | $84.0M | +21.89% |
| 2013 | 2013-12-31 | $383.8M | −$3.28B | −89.53% |
| 2012 | 2012-12-31 | $3.66B | −$1.10B | −23.15% |
| 2011 | 2011-12-31 | $4.77B | $3.58B | +300.13% |
| 2010 | 2010-12-31 | $1.19B | −$199.6M | −14.35% |
| 2009 | 2009-12-31 | $1.39B | −$835.2M | −37.51% |
| 2008 | 2008-12-31 | $2.23B | — | — |
Danaher quarterly net debt
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-26 | $23.51B | $7.91B | +50.72% |
| Q1 2026 | 2026-03-27 | $13.98B | −$1.60B | −10.27% |
| Q4 2025 | 2025-12-31 | $15.10B | $35.0M | +0.23% |
| Q3 2025 | 2025-09-26 | $16.63B | $431.0M | +2.66% |
| Q2 2025 | 2025-06-27 | $15.60B | −$238.0M | −1.50% |
| Q1 2025 | 2025-03-28 | $15.58B | $3.35B | +27.40% |
| Q4 2024 | 2024-12-31 | $15.07B | $1.40B | +10.21% |
| Q3 2024 | 2024-09-27 | $16.20B | $5.31B | +48.83% |
| Q2 2024 | 2024-06-28 | $15.84B | $3.44B | +27.71% |
| Q1 2024 | 2024-03-29 | $12.23B | −$1.32B | −9.75% |
| Q4 2023 | 2023-12-31 | $13.67B | −$949.0M | −6.49% |
| Q3 2023 | 2023-09-29 | $10.88B | −$4.21B | −27.91% |
| Q2 2023 | 2023-06-30 | $12.40B | −$4.78B | −27.81% |
| Q1 2023 | 2023-03-31 | $13.55B | −$5.61B | −29.27% |
| Q4 2022 | 2022-12-31 | $14.62B | −$6.07B | −29.32% |
| Q3 2022 | 2022-09-30 | $15.10B | −$6.98B | −31.61% |
| Q2 2022 | 2022-07-01 | $17.18B | $3.07B | +21.75% |
| Q1 2022 | 2022-04-01 | $19.16B | $4.24B | +28.38% |
| Q4 2021 | 2021-12-31 | $20.69B | $4.54B | +28.14% |
| Q3 2021 | 2021-10-01 | $22.07B | $5.00B | +29.29% |
| Q2 2021 | 2021-07-02 | $14.11B | −$3.63B | −20.48% |
| Q1 2021 | 2021-04-02 | $14.93B | −$7.54B | −33.56% |
| Q4 2020 | 2020-12-31 | $16.14B | $13.53B | +517.63% |
| Q3 2020 | 2020-10-02 | $17.07B | $12.72B | +292.33% |
| Q2 2020 | 2020-07-03 | $17.74B | $11.91B | +204.33% |
| Q1 2020 | 2020-04-03 | $22.46B | $15.89B | +241.87% |
| Q4 2019 | 2019-12-31 | $2.61B | −$6.34B | −70.80% |
| Q3 2019 | 2019-09-27 | $4.35B | −$5.49B | −55.78% |
| Q2 2019 | 2019-06-28 | $5.83B | −$4.59B | −44.03% |
| Q1 2019 | 2019-03-29 | $6.57B | −$2.89B | −30.57% |
| Q4 2018 | 2018-12-31 | $8.95B | −$939.3M | −9.50% |
| Q3 2018 | 2018-09-28 | $9.84B | −$418.8M | −4.08% |
| Q2 2018 | 2018-06-29 | $10.42B | −$448.9M | −4.13% |
| Q1 2018 | 2018-03-30 | $9.46B | −$1.68B | −15.10% |
| Q4 2017 | 2017-12-31 | $9.89B | −$1.41B | −12.50% |
| Q3 2017 | 2017-09-29 | $10.26B | $2.92B | +39.77% |
| Q2 2017 | 2017-06-30 | $10.87B | $311.0M | +2.95% |
| Q1 2017 | 2017-03-31 | $11.15B | −$581.0M | −4.95% |
| Q4 2016 | 2016-12-31 | $11.31B | −$774.3M | −6.41% |
| Q3 2016 | 2016-09-30 | $7.34B | −$5.84B | −44.30% |
| Q2 2016 | 2016-07-01 | $10.55B | $10.73B | — |
| Q1 2016 | 2016-04-01 | $11.73B | $11.06B | +1659.55% |
| Q4 2015 | 2015-12-31 | $12.08B | $11.61B | +2482.21% |
| Q3 2015 | 2015-10-02 | $13.18B | $14.17B | — |
| Q2 2015 | 2015-07-03 | −$179.2M | $72.9M | — |
| Q1 2015 | 2015-04-03 | $666.5M | $526.0M | +374.38% |
| Q4 2014 | 2014-12-31 | $467.8M | $84.0M | +21.89% |
| Q3 2014 | 2014-09-26 | −$989.2M | −$2.50B | — |
| Q2 2014 | 2014-06-27 | −$252.1M | −$2.08B | — |
| Q1 2014 | 2014-03-28 | $140.5M | −$2.18B | −93.95% |
| Q4 2013 | 2013-12-31 | $383.8M | −$3.28B | −89.53% |
| Q3 2013 | 2013-09-27 | $1.51B | −$1.67B | −52.52% |
| Q2 2013 | 2013-06-28 | $1.83B | −$1.95B | −51.65% |
| Q1 2013 | 2013-03-29 | $2.32B | −$1.56B | −40.23% |
| Q4 2012 | 2012-12-31 | $3.66B | −$1.10B | −23.15% |
| Q3 2012 | 2012-09-28 | $3.17B | −$2.24B | −41.37% |
| Q2 2012 | 2012-06-29 | $3.78B | −$2.28B | −37.64% |
| Q1 2012 | 2012-03-30 | $3.88B | $2.69B | +225.63% |
| Q4 2011 | 2011-12-31 | $4.77B | $3.58B | +300.13% |
| Q3 2011 | 2011-09-30 | $5.41B | $4.00B | +284.68% |
| Q2 2011 | 2011-07-01 | $6.07B | $4.30B | +242.51% |
| Q1 2011 | 2011-04-01 | $1.19B | −$887.2M | −42.66% |
| Q4 2010 | 2010-12-31 | $1.19B | −$199.6M | −14.35% |
| Q3 2010 | 2010-10-01 | $1.41B | $92.7M | +7.06% |
| Q2 2010 | 2010-07-02 | $1.77B | $125.6M | +7.63% |
| Q1 2010 | 2010-04-02 | $2.08B | — | — |
| Q4 2009 | 2009-12-31 | $1.39B | −$835.2M | −37.51% |
| Q3 2009 · Oct 2 | 2009-10-02 | $1.31B | — | — |
| Q2 2009 | 2009-07-03 | $1.65B | — | — |
| Q4 2008 | 2008-12-31 | $2.23B | — | — |
Danaher net debt trends
Over the last five fiscal years, Danaher's net debt decreased from $16.14B to $15.10B, a change of −$1.04B. The latest reported quarter, Q2 2026, shows $23.51B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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