Danaher (XSWX:DHR) Debt-to-EBITDA : (As of Jun. 2026)

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XSWX:DHR Danaher Corp XSWX:DHR
79 GF Score
Price CHF173.42
GF Value CHF199.29
! 5 Warning Signs
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What is Danaher Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Danaher's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was CHF2,187 Mil. Danaher's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was CHF20,285 Mil. Danaher's annualized EBITDA for the quarter that ended in Jun. 2026 was CHF5,830 Mil. Danaher's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 3.85.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Danaher's Debt-to-EBITDA or its related term are showing as below:

XSWX:DHR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.17   Med: 2.71   Max: 4.9
Current: 3.5

During the past 13 years, the highest Debt-to-EBITDA Ratio of Danaher was 4.90. The lowest was 2.17. And the median was 2.71.

XSWX:DHR's Debt-to-EBITDA is ranked worse than
67.8% of 118 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.475 vs XSWX:DHR: 3.50

Danaher  (XSWX:DHR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Danaher Debt-to-EBITDA Related Terms


Danaher Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Danaher's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Danaher Debt-to-EBITDA Chart

Danaher Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Danaher Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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XSWX:DHR vs TMO, NTRA, IDXX: Debt-to-EBITDA Comparison

For the Diagnostics & Research subindustry, Danaher's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Danaher Debt-to-EBITDA vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Danaher's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Danaher's Debt-to-EBITDA falls into.


XSWX:DHR
79GF Score
Danaher Corp XSWX:DHR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Danaher Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Danaher's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(159.24225 + 15444.91375) / 5767.7269389517
=2.71

Danaher's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2186.82815 + 20284.82755) / 5829.8954060604
=3.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Danaher (XSWX:DHR) Overvalued in 2026?

Based on GuruFocus' analysis, Danaher stock appears to be undervalued. The current stock price of CHF173.42 is trading 13% below its estimated GF Value™ of CHF199.29.

Key valuation signals for XSWX:DHR:

  • Debt-to-EBITDA:
  • GF Value™: CHF199.29 vs. price of CHF173.42 (13% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the XSWX:DHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Danaher Business Description

Address 2200 Pennsylvania Avenue, NW, Suite 800W, Washington, DC, USA, 20037-1701
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life sciences and diagnostic industries after the late 2023 divestiture of its environmental and applied solutions group, Veralto.
79GF Score

Get the complete analysis for XSWX:DHR

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF173.42
Price
CHF199.29
GF Value