Danaher Corporation balance sheet

At the end of fiscal 2025, Danaher Corporation had total assets of $83.46bn and shareholders' equity of $52.53bn. It held $4.62bn in cash against $18.42bn of debt: net debt of $13.80bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Danaher Corporation: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	1.7	1.6	0.5	1.7	3.1	3.0	0.8	1.0	0.6	0.8	19.9	6.0	2.6	6.0	5.9	2.1	4.6	5.7
Receivables	1.9	2.1	3.0	3.3	3.5	3.4	3.0	3.2	3.5	3.0	3.2	4.0	4.6	4.1	3.9	3.5	3.9	4.1
Inventory	1.0	1.2	1.8	1.8	1.8	1.8	1.6	1.7	1.8	1.6	1.6	2.3	2.8	2.8	2.6	2.3	2.5	3.1
Total current assets	5.2	6.1	6.3	7.6	9.1	9.4	7.8	6.7	6.9	7.1	25.6	13.8	11.6	15.9	13.9	9.5	12.8	14.8
Goodwill	9.5	10.4	14.5	15.5	14.7	11.6	21.0	23.8	21.8	22.6	22.7	35.4	38.7	37.3	41.6	40.5	43.2	47.3
Total assets	19.6	22.2	29.9	32.9	34.7	37.0	48.2	45.3	46.6	47.8	62.1	76.2	83.2	84.4	84.5	77.5	83.5	93.3
Deferred revenue (current)	—	—	—	—	0.7	0.6	0.5	0.5	0.7	0.7	0.7	1.2	1.6	1.5	1.5	1.3	1.4	—
Total current liabilities	2.8	3.3	4.2	4.2	4.5	5.4	6.2	6.9	4.8	4.8	4.9	7.4	8.1	8.4	8.3	6.8	6.8	9.1
Short-term debt	0.0	0.0	0.1	0.1	0.1	0.1	0.8	2.6	0.2	0.1	0.2	0.0	0.0	0.6	1.7	0.5	0.0	2.1
Long-term debt	2.9	2.8	5.2	5.3	3.4	3.4	12.0	9.7	10.3	9.7	21.5	21.2	22.2	19.1	16.7	15.5	18.4	24.4
Total debt	3.1	3.0	6.3	6.6	3.9	4.2	12.9	12.3	10.5	9.7	21.7	21.2	22.2	19.7	18.4	16.0	18.4	26.5
Total liabilities	8.0	8.4	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Shareholders' equity	11.6	13.7	16.9	19.0	22.4	23.4	23.7	23.0	26.4	28.2	30.3	39.8	45.2	50.1	53.5	49.5	52.5	53.6
Net debt (negative = net cash)	1.4	1.4	5.7	4.9	0.8	1.2	12.1	11.3	9.9	9.0	1.8	15.2	19.6	13.7	12.5	13.9	13.8	20.8
Shares outstanding	645m	656m	688m	688m	698m	704m	687m	692m	697m	702m	696m	711m	715m	728m	739m	719m	707m	703m

US$ billions unless shown otherwise. Fiscal quarters.

Danaher Corporation: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	3.5	3.5	3.6	3.8	3.9	3.8	4.0	4.1
Inventory	2.3	2.5	2.7	2.7	2.5	2.6	3.3	3.1
Total current assets	9.5	9.5	11.0	9.6	12.8	13.9	13.4	14.8
Goodwill	40.5	41.7	43.0	42.9	43.2	42.8	47.4	47.3
Total assets	77.5	79.1	81.6	79.9	83.5	83.5	92.4	93.3
Deferred revenue (current)	1.3	—	—	—	1.4	—	—	—
Total current liabilities	6.8	6.6	6.8	6.3	6.8	7.5	8.1	9.1
Short-term debt	0.5	0.5	0.5	0.0	0.0	0.9	1.4	2.1
Long-term debt	15.5	16.0	16.9	16.8	18.4	17.6	25.1	24.4
Total debt	16.0	16.5	17.4	16.9	18.4	18.5	26.6	26.5
Shareholders' equity	49.5	50.8	52.3	51.1	52.5	52.9	52.6	53.6
Shares outstanding	719m	716m	716m	706m	707m	708m	703m	703m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Danaher Corporation's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Danaher Corporation.