Bruker Corporation (BRKR)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	488,300	363,600	574,800	597,900	645,500	626,200	723,000	816,100	1,068,200	573,000	608,100	696,800	681,800	567,100	746,800	795,500	678,300	296,300	282,500	298,800
Short-term investments	US$ in thousands	—	—	16,900	15,500	0	0	0	100,000	100,000	96,800	97,900	50,000	50,000	50,000	50,000	56,200	6,600	6,100	6,300	—
Total current liabilities	US$ in thousands	1,202,100	1,072,300	1,050,900	1,048,500	914,300	864,600	818,400	880,500	938,500	921,200	954,600	943,500	791,900	683,200	749,700	765,800	645,600	643,000	641,000	632,700
Cash ratio		0.41	0.34	0.56	0.59	0.71	0.72	0.88	1.04	1.24	0.73	0.74	0.79	0.92	0.90	1.06	1.11	1.06	0.47	0.45	0.47

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($488,300K + $—K) ÷ $1,202,100K
= 0.41

The cash ratio for Bruker Corp has shown a declining trend over the past eight quarters. In Q4 2022, the cash ratio was at its peak at 1.25, indicating that the company had $1.25 in cash and cash equivalents for every dollar of current liabilities. However, since then, the ratio has steadily decreased, reaching its lowest point in Q4 2023 at 0.59.

A cash ratio below 1.0 suggests that Bruker Corp may not have sufficient liquid assets to cover its short-term obligations. While a higher cash ratio indicates a stronger ability to meet short-term liabilities, the declining trend observed in the recent quarters may raise concerns about the company's liquidity position.

It is important for stakeholders to monitor Bruker Corp's cash ratio closely to ensure the company can meet its financial obligations and manage its liquidity effectively in the future. Further analysis of the company's cash flow and working capital management practices may provide insights into the reasons behind the decreasing trend in the cash ratio.