Bruker Corporation (BRKR)

Quick 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	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	—
Receivables	US$ in thousands	537,900	567,700	526,700	471,700	472,700	421,300	402,600	413,800	416,900	372,100	337,000	326,000	335,300	329,900	324,500	325,500	362,200	358,800	348,000	360,400
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
Quick ratio		0.85	0.87	1.06	1.03	1.22	1.21	1.38	1.51	1.69	1.13	1.09	1.14	1.35	1.39	1.50	1.54	1.62	1.03	0.99	1.04

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($488,300K + $—K + $537,900K) ÷ $1,202,100K
= 0.85

Looking at Bruker Corp's quick ratio over the past eight quarters, we can observe a decreasing trend from 1.72 in Q1 2022 to 0.99 in Q4 2023. This indicates a declining ability to meet short-term obligations using only its most liquid assets.

A quick ratio below 1 implies that the company may have difficulty in covering its current liabilities with its quick assets alone. Bruker Corp's quick ratio has been consistently below the ideal threshold of 1.0, suggesting potential liquidity concerns, especially in the most recent quarters.

It is essential for stakeholders to closely monitor Bruker Corp's current assets and liabilities composition to ensure that the company can manage its short-term obligations efficiently and maintain financial stability. Additionally, management may need to focus on improving liquidity management strategies to enhance the company's ability to meet its short-term financial obligations.