Is it safe?
Can DHR take a bad year?
Danaher Corporation carries $22.2B of net debt at 3.76× EBITDA: a load its earnings can carry.
$22.2B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.76×
Net debt / EBITDA · 2.80× a year ago · the load is going up
- Altman Z-score
- 3.95
Altman Z-score · safe zone, above 3
- Interest cover
- 17.6×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $26.6B
- Cash and short-term investments
- $4.35B
- Net debt
- $22.2B
- EBITDA, trailing twelve months
- $5.90B
- Operating profit, trailing twelve months
- $5.13B
- Debt / equity
- 0.51×
- Total debt / EBITDA
- 4.50×
- Annualised volatilitytwo years of daily moves
- 31%
- Worst drawdown on file
- −44%
- Below its 52-week high
- −11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Diagnostics & Research
Ranks #23 of 29 by Smart Score