Bruker Corporation (BRKR)

Current 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
Total current assets	US$ in thousands	2,164,200	2,029,400	2,183,300	2,133,000	2,113,200	2,036,600	2,087,500	2,250,800	2,471,800	1,989,300	1,968,200	1,946,200	1,925,000	1,826,100	1,957,200	1,990,000	1,796,300	1,434,000	1,406,400	1,343,700
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
Current ratio		1.80	1.89	2.08	2.03	2.31	2.36	2.55	2.56	2.63	2.16	2.06	2.06	2.43	2.67	2.61	2.60	2.78	2.23	2.19	2.12

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,164,200K ÷ $1,202,100K
= 1.80

Bruker Corp's current ratio has shown a decreasing trend over the quarters, from 2.56 in Q1 2022 to 1.80 in Q4 2023. The current ratio is a measure of a company's ability to pay its short-term obligations with its current assets. A higher current ratio is generally considered favorable as it indicates a stronger liquidity position.

The current ratio above 1 indicates that Bruker Corp has more current assets than current liabilities, suggesting the company can meet its short-term financial obligations. However, the decreasing trend in the current ratio may raise concerns about the company's liquidity and ability to cover its short-term liabilities in the future.

It is important to further analyze Bruker Corp's components of current assets and current liabilities to better understand the factors driving the changes in the current ratio. Additionally, comparing the company's current ratio with industry peers or historical performance can provide further insights into Bruker Corp's liquidity position.