Danaher Corp. (DHR)


Liquidity Analysis
Quarterly Data

Difficulty: Beginner


Ratios (Summary)

Danaher Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Current ratio 2.18 1.47 1.53 1.50 1.59 1.43 1.43 1.49 1.05 0.97 1.36 1.40 1.46 1.27 1.04 1.91 1.77 1.75 2.23 2.16 2.18
Quick ratio 1.58 0.88 0.92 0.91 0.97 0.87 0.89 0.94 0.64 0.60 0.85 1.01 0.85 0.77 0.67 1.37 1.20 1.23 1.68 1.58 1.58
Cash ratio 0.84 0.16 0.17 0.20 0.24 0.13 0.15 0.17 0.13 0.14 0.20 0.51 0.12 0.13 0.21 0.66 0.51 0.56 0.90 0.75 0.78

Based on: 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-19), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-10-19), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-17), 10-Q (filing date: 2014-04-16).

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Danaher Corp.’s current ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Danaher Corp.’s quick ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Danaher Corp.’s cash ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.

Current Ratio

Danaher Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (USD $ in thousands)
Current assets 10,080,400  7,093,800  6,830,500  6,913,100  7,075,100  6,850,000  6,260,200  6,256,600  6,318,900  6,665,100  6,493,200  11,231,000  7,747,200  7,836,700  8,931,800  9,654,500  8,774,400  9,431,300  9,989,500  9,507,300  9,404,300 
Current liabilities 4,632,800  4,841,500  4,465,300  4,605,400  4,442,900  4,792,300  4,387,500  4,202,600  6,003,100  6,874,000  4,763,400  8,025,900  5,321,300  6,170,400  8,625,600  5,055,600  4,952,700  5,396,400  4,471,100  4,406,700  4,304,400 
Ratio
Current ratio1 2.18 1.47 1.53 1.50 1.59 1.43 1.43 1.49 1.05 0.97 1.36 1.40 1.46 1.27 1.04 1.91 1.77 1.75 2.23 2.16 2.18

Based on: 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-19), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-10-19), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-17), 10-Q (filing date: 2014-04-16).

Q1 2019 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 10,080,400 ÷ 4,632,800 = 2.18

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Danaher Corp.’s current ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.

Quick Ratio

Danaher Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (USD $ in thousands)
Cash and equivalents 3,910,000  787,800  776,200  904,000  1,045,700  630,300  648,600  726,400  803,900  963,700  971,400  4,097,600  664,300  790,800  1,833,500  3,342,000  2,511,000  3,005,600  4,025,300  3,321,100  3,346,500 
Trade accounts receivable, net 3,409,200  3,489,600  3,323,100  3,296,600  3,270,700  3,521,800  3,254,600  3,214,800  3,034,900  3,186,100  3,081,800  3,994,800  3,871,200  3,964,100  3,906,100  3,565,200  3,446,900  3,633,800  3,498,100  3,631,800  3,467,600 
Total quick assets 7,319,200  4,277,400  4,099,300  4,200,600  4,316,400  4,152,100  3,903,200  3,941,200  3,838,800  4,149,800  4,053,200  8,092,400  4,535,500  4,754,900  5,739,600  6,907,200  5,957,900  6,639,400  7,523,400  6,952,900  6,814,100 
Current liabilities 4,632,800  4,841,500  4,465,300  4,605,400  4,442,900  4,792,300  4,387,500  4,202,600  6,003,100  6,874,000  4,763,400  8,025,900  5,321,300  6,170,400  8,625,600  5,055,600  4,952,700  5,396,400  4,471,100  4,406,700  4,304,400 
Ratio
Quick ratio1 1.58 0.88 0.92 0.91 0.97 0.87 0.89 0.94 0.64 0.60 0.85 1.01 0.85 0.77 0.67 1.37 1.20 1.23 1.68 1.58 1.58

Based on: 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-19), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-10-19), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-17), 10-Q (filing date: 2014-04-16).

Q1 2019 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 7,319,200 ÷ 4,632,800 = 1.58

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Danaher Corp.’s quick ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.

Cash Ratio

Danaher Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Selected Financial Data (USD $ in thousands)
Cash and equivalents 3,910,000  787,800  776,200  904,000  1,045,700  630,300  648,600  726,400  803,900  963,700  971,400  4,097,600  664,300  790,800  1,833,500  3,342,000  2,511,000  3,005,600  4,025,300  3,321,100  3,346,500 
Total cash assets 3,910,000  787,800  776,200  904,000  1,045,700  630,300  648,600  726,400  803,900  963,700  971,400  4,097,600  664,300  790,800  1,833,500  3,342,000  2,511,000  3,005,600  4,025,300  3,321,100  3,346,500 
Current liabilities 4,632,800  4,841,500  4,465,300  4,605,400  4,442,900  4,792,300  4,387,500  4,202,600  6,003,100  6,874,000  4,763,400  8,025,900  5,321,300  6,170,400  8,625,600  5,055,600  4,952,700  5,396,400  4,471,100  4,406,700  4,304,400 
Ratio
Cash ratio1 0.84 0.16 0.17 0.20 0.24 0.13 0.15 0.17 0.13 0.14 0.20 0.51 0.12 0.13 0.21 0.66 0.51 0.56 0.90 0.75 0.78

Based on: 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-19), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-10-19), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-17), 10-Q (filing date: 2014-04-16).

Q1 2019 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 3,910,000 ÷ 4,632,800 = 0.84

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Danaher Corp.’s cash ratio deteriorated from Q3 2018 to Q4 2018 but then improved from Q4 2018 to Q1 2019 exceeding Q3 2018 level.