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Danaher DHR Debt-to-assets

Debt-to-assets at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
0.3×0.0×
GLW
CorningGLW
-0.3×
Dover logo
DoverDOV
0.2×0.0×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×
IDEX logo
IDEXIEX
0.3×0.0×
WAT
Waters CorporationWAT
0.2×-0.1×

Other financials

Income statement

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Revenue$6.0B+3.7%
Gross profit$3.6B+2.3%
Operating income$1.3B+5.5%
Net income$1.0B+7.9%
EPS (diluted)$1.45+9.9%

Balance sheet

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Cash & equivalents$5.7B+186%
Total debt$19.7B+12.0%
Total equity$52.9B+4.1%
Total assets$83.5B+5.6%

Cash flow

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Operating cash flow$1.3B+1.8%
CapEx$237.0M-3.3%
Free cash flow$1.1B+2.9%

Valuation

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Market cap$125.81B-8.5%
Enterprise value$139.8B-8.7%
P/E34.1×-2.4×
P/S5.1×-0.7×

Profitability

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Gross margin58.9%-0.8pp
Operating margin19.2%-1.0pp
Net margin14.9%-0.9pp

Returns & leverage

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Return on equity7.1%-0.1pp
Debt / equity0.4×0.0×
Current ratio1.9×+0.4×

Where this comes from

Calculated from Danaher’s reported figures.

Based on the most recent quarter.

The official record: Danaher’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Danaher's debt-to-assets?
Danaher (DHR) reported debt-to-assets of 0.2× in Q1 2026.
How has Danaher's debt-to-assets changed year-over-year?
Danaher's debt-to-assets increased by 6.0% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Danaher's debt-to-assets?
Over 4 years (2021 to 2025), Danaher's debt-to-assets has grown at a -5.3% compound annual growth rate (CAGR), from 1.1× to 0.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.