Bruker Corporation (BRKR)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	183,400	488,300	645,500	1,068,200	681,800
Short-term investments	US$ in thousands	—	12,000	0	100,000	50,000
Receivables	US$ in thousands	600,000	537,900	472,700	416,900	335,300
Total current liabilities	US$ in thousands	1,281,300	1,202,100	914,300	938,500	791,900
Quick ratio		0.61	0.86	1.22	1.69	1.35

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($183,400K + $—K + $600,000K) ÷ $1,281,300K
= 0.61

The quick ratio of Bruker Corporation has shown varying trends over the past five years. As of December 31, 2020, the quick ratio was 1.35, indicating that the company had $1.35 in liquid assets available to cover each dollar of its current liabilities.

Over the next year, the quick ratio improved to 1.69 by December 31, 2021, suggesting that the company strengthened its short-term liquidity position. This improvement is a positive indication of the company's ability to meet its short-term obligations with its most liquid assets.

However, by December 31, 2022, the quick ratio decreased to 1.22, signaling a slight decline in liquidity compared to the previous year. This decrease may indicate a potential strain on the company's ability to meet its short-term liabilities with its available liquid assets.

The trend continued in the following years, with the quick ratio dropping to 0.86 by December 31, 2023, and further decreasing to 0.61 by December 31, 2024. These declining ratios suggest a concerning decrease in the company's liquidity position and its ability to cover its short-term obligations with its liquid assets.

Overall, the fluctuating trend in Bruker Corporation's quick ratio over the past five years highlights the importance of closely monitoring changes in liquidity to ensure the company's financial stability and ability to meet its short-term obligations.