Analysis of Debt
Total Debt (Carrying Amount)
Danaher Corp., balance sheet: debt
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31).
- Notes payable and current portion of long-term debt
- The value shows a significant increase between 2021 and 2022, rising sharply from 8 million USD to 591 million USD. This upward trend continues into 2023, reaching a peak of 1,695 million USD, followed by a substantial decrease to 505 million USD in 2024. This pattern suggests notable fluctuations in short-term debt obligations within the observed period.
- Long-term debt, excluding current portion
- The long-term debt demonstrates a general downward trend over the five-year span. Starting at 21,193 million USD in 2020, there is a slight increase in 2021 to 22,168 million USD, after which a consistent decline is observed, reaching 15,500 million USD by 2024. This indicates a gradual reduction in long-term borrowing commitments.
- Total notes payable and long-term debt (carrying amount)
- The total debt carrying amount reflects the combined movements of short-term and long-term debt. It increases slightly from 21,204 million USD in 2020 to 22,176 million USD in 2021, then decreases steadily to 19,677 million USD in 2022, continuing down to 18,402 million USD in 2023 and further to 16,005 million USD in 2024. Overall, the total debt shows a downward trajectory over the five years, indicating an effort to reduce total indebtedness despite short-term volatility.
- Summary
- In summary, the data reveals a marked volatility in short-term debt with a surge in 2022 and 2023 followed by a reduction in 2024, contrasted by a steady decrease in long-term debt throughout the period after a peak in 2021. The combined effect results in an overall decline in total debt carrying amount, suggesting a strategic shift towards debt reduction over the recent years.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes payable and current portion of long-term debt | 502) |
| Long-term debt, excluding current portion | 13,109) |
| Total notes payable and long-term debt (fair value) | 13,611) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.85 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted average interest rate on debt: 1.92%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 3.30% | 965) | 32) | |
| 3.35% | 500) | 17) | |
| 0.20% | 1,293) | 3) | |
| 2.10% | 828) | 17) | |
| 0.30% | 195) | 1) | |
| 1.20% | 620) | 7) | |
| 0.45% | 1,291) | 6) | |
| 1.13% | 233) | 3) | |
| 2.60% | 797) | 21) | |
| 2.50% | 829) | 21) | |
| 0.75% | 1,805) | 14) | |
| 0.65% | 337) | 2) | |
| 1.35% | 1,282) | 17) | |
| 3.25% | 892) | 29) | |
| 4.38% | 499) | 22) | |
| 1.80% | 769) | 14) | |
| 3.40% | 890) | 30) | |
| 2.60% | 982) | 26) | |
| 2.80% | 985) | 28) | |
| Total | 15,992) | 308) | |
| 1.92% | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 308 ÷ 15,992 = 1.92%