Bruker Corporation (BRKR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	2,053,200	2,191,400	2,153,000	2,140,400	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
Total current liabilities	US$ in thousands	1,281,300	1,322,100	1,304,500	1,182,500	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
Current ratio		1.60	1.66	1.65	1.81	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,053,200K ÷ $1,281,300K
= 1.60

The current ratio of Bruker Corporation has exhibited some fluctuations over the past few years. The ratio stood at a healthy level of around 2.6 to 2.7 from March 2020 to September 2021, indicating that the company had more than enough current assets to cover its short-term liabilities during that period.

However, there was a slight decline to 2.36 by September 2022, followed by a more notable drop to 1.80 by December 2023. This decrease may suggest potential liquidity challenges or a change in the company's working capital management.

Subsequently, the ratio remained below 2, with a slight improvement to 1.81 by March 2024, but still indicating a relatively weaker liquidity position compared to earlier periods. A further decline to 1.60 by December 2024 raises concerns about the company's ability to meet its short-term obligations using its current assets alone.

Overall, Bruker Corporation's current ratio has shown variability but has generally trended downwards in recent periods, warranting a closer examination of its liquidity position and working capital management strategies.