Analysis of Debt
Paying user area
Try for free
Danaher Corp. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Danaher Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Total Debt (Carrying Amount)
Danaher Corp., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The carrying amount of total notes payable and long-term debt exhibited a generally decreasing trend from 2021 through 2024, followed by a slight increase in 2025. A significant fluctuation in notes payable and current portion of long-term debt was observed during the period.
- Overall Debt Trend
- Total notes payable and long-term debt decreased from US$22,176 million in 2021 to US$16,005 million in 2024, representing a cumulative reduction of approximately 27.7%. However, this trend reversed in 2025, with the total increasing to US$18,418 million.
- Notes Payable and Current Portion of Long-Term Debt
- This component of debt experienced substantial volatility. It began at US$8 million in 2021, increased dramatically to US$591 million in 2022, and further to US$1,695 million in 2023. A significant decrease followed in 2024, falling to US$505 million, before dropping to a minimal US$2 million in 2025.
- Long-Term Debt (Excluding Current Portion)
- Long-term debt demonstrated a consistent, though moderating, decline from US$22,168 million in 2021 to US$15,500 million in 2024. This represents a reduction of approximately 30.1%. In 2025, long-term debt increased to US$18,416 million, partially offsetting the prior declines.
The increase in total debt in 2025 appears to be driven primarily by an increase in long-term debt, as the notes payable component remained very low. The large swings in notes payable and current portion of long-term debt suggest active short-term borrowing and repayment activity, or potentially reclassification of debt maturities.
Total Debt (Fair Value)
| Dec 31, 2025 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes payable and current portion of long-term debt | |
| Long-term debt, excluding current portion | |
| Total notes payable and long-term debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2025-12-31).
Weighted-average Interest Rate on Debt
Weighted average interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2025-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =