Danaher Good Will vs Capital Surpluse Analysis

DHR Stock

USD 238.83 2.25 0.95%

Danaher financial indicator trend analysis is much more than just examining Danaher latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Danaher is a good investment. Please check the relationship between Danaher Good Will and its Capital Surpluse accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danaher. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.

Good Will vs Capital Surpluse

Good Will vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Danaher Good Will account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Danaher's Good Will and Capital Surpluse is 0.85. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Danaher, assuming nothing else is changed. The correlation between historical values of Danaher's Good Will and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Danaher are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Good Will i.e., Danaher's Good Will and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Capital Surpluse

Most indicators from Danaher's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Danaher current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danaher. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.At this time, Danaher's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Enterprise Value Over EBITDA is likely to grow to 25.77, while Tax Provision is likely to drop slightly above 828.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	18.0B	18.9B	14.0B	14.7B
Total Revenue	29.5B	31.5B	23.9B	25.1B

Gross Profit Total Revenue

Danaher fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.93	0.6	0.93	0.98	0.95	0.8	0.96	0.44	0.98	0.9	0.44	0.79	0.6	0.93	0.89	0.83	0.96	0.96	0.88	0.71	0.43	0.97	0.55	0.65	0.66
Short Long Term Debt Total	0.93		0.53	0.81	0.85	0.79	0.77	0.82	0.58	0.89	0.81	0.58	0.64	0.48	0.98	0.72	0.69	0.86	0.98	0.73	0.77	0.4	0.89	0.46	0.55	0.56
Other Current Liab	0.6	0.53		0.65	0.55	0.54	0.48	0.55	0.22	0.58	0.54	0.22	0.71	0.71	0.61	0.75	0.82	0.47	0.64	0.43	0.48	0.0	0.57	0.73	0.76	0.76
Total Current Liabilities	0.93	0.81	0.65		0.92	0.95	0.81	0.92	0.24	0.94	0.8	0.24	0.88	0.71	0.82	0.94	0.82	0.88	0.88	0.84	0.56	0.57	0.92	0.65	0.72	0.73
Total Stockholder Equity	0.98	0.85	0.55	0.92		0.97	0.75	0.99	0.38	0.97	0.92	0.38	0.77	0.57	0.84	0.9	0.84	0.99	0.88	0.94	0.65	0.46	0.94	0.48	0.61	0.62
Property Plant And Equipment Net	0.95	0.79	0.54	0.95	0.97		0.78	0.97	0.25	0.96	0.86	0.25	0.83	0.65	0.78	0.94	0.81	0.95	0.84	0.93	0.56	0.52	0.92	0.54	0.66	0.67
Net Debt	0.8	0.77	0.48	0.81	0.75	0.78		0.73	-0.07	0.88	0.69	-0.07	0.65	0.39	0.78	0.74	0.66	0.73	0.81	0.73	0.22	0.47	0.91	0.5	0.47	0.48
Retained Earnings	0.96	0.82	0.55	0.92	0.99	0.97	0.73		0.35	0.96	0.88	0.35	0.79	0.61	0.81	0.9	0.83	0.97	0.85	0.92	0.64	0.5	0.92	0.48	0.63	0.64
Cash	0.44	0.58	0.22	0.24	0.38	0.25	-0.07	0.35		0.27	0.38	1.0	0.18	0.25	0.55	0.18	0.23	0.41	0.5	0.21	0.93	0.03	0.24	0.08	0.26	0.26
Non Current Assets Total	0.98	0.89	0.58	0.94	0.97	0.96	0.88	0.96	0.27		0.89	0.27	0.79	0.57	0.88	0.9	0.83	0.95	0.92	0.91	0.57	0.47	0.99	0.55	0.62	0.63
Non Currrent Assets Other	0.9	0.81	0.54	0.8	0.92	0.86	0.69	0.88	0.38	0.89		0.38	0.59	0.36	0.79	0.81	0.88	0.93	0.81	0.94	0.62	0.34	0.88	0.36	0.42	0.43
Cash And Short Term Investments	0.44	0.58	0.22	0.24	0.38	0.25	-0.07	0.35	1.0	0.27	0.38		0.18	0.25	0.55	0.18	0.23	0.41	0.5	0.21	0.93	0.03	0.24	0.08	0.26	0.26
Net Receivables	0.79	0.64	0.71	0.88	0.77	0.83	0.65	0.79	0.18	0.79	0.59	0.18		0.91	0.72	0.93	0.7	0.67	0.77	0.64	0.52	0.23	0.76	0.86	0.86	0.87
Common Stock Shares Outstanding	0.6	0.48	0.71	0.71	0.57	0.65	0.39	0.61	0.25	0.57	0.36	0.25	0.91		0.56	0.78	0.53	0.47	0.61	0.4	0.53	0.15	0.52	0.84	0.95	0.95
Non Current Liabilities Total	0.93	0.98	0.61	0.82	0.84	0.78	0.78	0.81	0.55	0.88	0.79	0.55	0.72	0.56		0.76	0.71	0.82	0.99	0.69	0.76	0.29	0.89	0.58	0.62	0.63
Inventory	0.89	0.72	0.75	0.94	0.9	0.94	0.74	0.9	0.18	0.9	0.81	0.18	0.93	0.78	0.76		0.89	0.83	0.82	0.84	0.54	0.33	0.87	0.72	0.77	0.78
Other Current Assets	0.83	0.69	0.82	0.82	0.84	0.81	0.66	0.83	0.23	0.83	0.88	0.23	0.7	0.53	0.71	0.89		0.8	0.76	0.83	0.53	0.27	0.8	0.51	0.56	0.57
Other Stockholder Equity	0.96	0.86	0.47	0.88	0.99	0.95	0.73	0.97	0.41	0.95	0.93	0.41	0.67	0.47	0.82	0.83	0.8		0.86	0.94	0.66	0.52	0.92	0.36	0.52	0.54
Total Liab	0.96	0.98	0.64	0.88	0.88	0.84	0.81	0.85	0.5	0.92	0.81	0.5	0.77	0.61	0.99	0.82	0.76	0.86		0.75	0.74	0.36	0.93	0.61	0.66	0.67
Property Plant And Equipment Gross	0.88	0.73	0.43	0.84	0.94	0.93	0.73	0.92	0.21	0.91	0.94	0.21	0.64	0.4	0.69	0.84	0.83	0.94	0.75		0.48	0.51	0.87	0.34	0.44	0.45
Total Current Assets	0.71	0.77	0.48	0.56	0.65	0.56	0.22	0.64	0.93	0.57	0.62	0.93	0.52	0.53	0.76	0.54	0.53	0.66	0.74	0.48		0.14	0.53	0.36	0.53	0.53
Short Term Debt	0.43	0.4	0.0	0.57	0.46	0.52	0.47	0.5	0.03	0.47	0.34	0.03	0.23	0.15	0.29	0.33	0.27	0.52	0.36	0.51	0.14		0.44	-0.06	0.18	0.19
Intangible Assets	0.97	0.89	0.57	0.92	0.94	0.92	0.91	0.92	0.24	0.99	0.88	0.24	0.76	0.52	0.89	0.87	0.8	0.92	0.93	0.87	0.53	0.44		0.54	0.59	0.6
Accounts Payable	0.55	0.46	0.73	0.65	0.48	0.54	0.5	0.48	0.08	0.55	0.36	0.08	0.86	0.84	0.58	0.72	0.51	0.36	0.61	0.34	0.36	-0.06	0.54		0.86	0.86
Common Stock Total Equity	0.65	0.55	0.76	0.72	0.61	0.66	0.47	0.63	0.26	0.62	0.42	0.26	0.86	0.95	0.62	0.77	0.56	0.52	0.66	0.44	0.53	0.18	0.59	0.86		1.0
Common Stock	0.66	0.56	0.76	0.73	0.62	0.67	0.48	0.64	0.26	0.63	0.43	0.26	0.87	0.95	0.63	0.78	0.57	0.54	0.67	0.45	0.53	0.19	0.6	0.86	1.0

Click cells to compare fundamentals

Danaher Account Relationship Matchups

Danaher fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	62.1B	76.2B	83.2B	84.4B	84.5B	88.7B
Short Long Term Debt Total	21.7B	21.2B	22.2B	19.7B	19.5B	20.5B
Other Current Liab	2.5B	3.4B	3.0B	5.1B	2.6B	1.4B
Total Current Liabilities	4.9B	7.4B	8.1B	8.4B	8.3B	8.7B
Total Stockholder Equity	30.3B	39.8B	45.2B	50.1B	53.5B	56.2B
Property Plant And Equipment Net	2.3B	3.3B	3.8B	4.0B	4.6B	4.8B
Net Debt	1.8B	15.2B	19.6B	13.7B	13.7B	14.4B
Retained Earnings	24.2B	27.2B	32.8B	39.2B	41.1B	43.1B
Cash	19.9B	6.0B	2.6B	6.0B	5.9B	6.2B
Non Current Assets Total	36.5B	62.4B	71.5B	68.5B	70.6B	74.1B
Non Currrent Assets Other	1.7B	2.4B	3.7B	4.5B	3.6B	3.8B
Cash And Short Term Investments	19.9B	6.0B	2.6B	6.0B	5.9B	6.2B
Net Receivables	3.2B	4.0B	4.6B	4.2B	3.9B	4.1B
Common Stock Shares Outstanding	725.5M	718.7M	736.8M	737.1M	743.1M	669.1M
Liabilities And Stockholders Equity	62.1B	76.2B	83.2B	84.4B	84.5B	88.7B
Non Current Liabilities Total	26.9B	29.0B	29.9B	25.9B	22.7B	23.9B
Inventory	1.6B	2.3B	2.8B	3.1B	2.6B	2.7B
Other Current Assets	864.6M	1.4B	1.7B	2.9B	1.6B	1.6B
Other Stockholder Equity	7.6B	9.7B	10.1B	12.1B	14.2B	14.9B
Total Liab	31.8B	36.4B	38.0B	34.3B	31.0B	32.5B
Property Plant And Equipment Gross	2.3B	3.3B	7.3B	7.8B	8.4B	8.8B
Total Current Assets	25.6B	13.8B	11.6B	15.9B	13.9B	14.6B
Accumulated Other Comprehensive Income	(3.1B)	(368M)	(1.0B)	(2.9B)	(1.7B)	(1.7B)
Short Term Debt	212.4M	200M	215M	758M	1.9B	2.0B
Intangible Assets	9.7B	21.3B	22.8B	20.3B	20.7B	21.8B
Other Liab	4.7B	7.8B	7.7B	5.9B	6.8B	3.8B
Other Assets	923.4M	2.4B	3.7B	4.5B	5.1B	5.4B
Long Term Debt	21.5B	21.2B	22.2B	19.1B	16.7B	17.5B
Good Will	22.7B	35.4B	41.2B	39.8B	41.6B	43.7B
Property Plant Equipment	2.3B	3.3B	3.8B	4.0B	4.5B	4.8B
Current Deferred Revenue	687.8M	1.2B	1.6B	1.6B	1.5B	987.2M
Noncontrolling Interest In Consolidated Entity	11.3M	11M	10M	8M	7.2M	6.8M
Retained Earnings Total Equity	24.2B	27.2B	32.8B	39.2B	45.1B	47.3B

Pair Trading with Danaher

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danaher position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danaher will appreciate offsetting losses from the drop in the long position's value.

Moving together with Danaher Stock

0.74

Cigna Corp

Pair Corr

Moving against Danaher Stock

0.87	VREX	Varex Imaging Corp	Pair Corr
0.87	LNSR	LENSAR Inc	Pair Corr
0.82	XAIR	Beyond Air	Pair Corr
0.8	WGS	GeneDx Holdings Corp	Pair Corr
0.79	LH	Laboratory	Pair Corr

The ability to find closely correlated positions to Danaher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaher when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danaher - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danaher to buy it.

The correlation of Danaher is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danaher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaher moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Danaher can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Danaher Stock Analysis

When running Danaher's price analysis, check to measure Danaher's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danaher is operating at the current time. Most of Danaher's value examination focuses on studying past and present price action to predict the probability of Danaher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaher's price. Additionally, you may evaluate how the addition of Danaher to your portfolios can decrease your overall portfolio volatility.

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