• Danaher average debt/equity ratio for 2023 was 0.35, a 16.67% decline from 2022.
• Danaher average debt/equity ratio for 2022 was 0.42, a 16% decline from 2021.
• Danaher average debt/equity ratio for 2021 was 0.5, a 18.03% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.