Bruker Corporation (BRKR)

Quick 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
Cash	US$ in thousands	183,400	148,100	169,700	340,100	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
Short-term investments	US$ in thousands	—	—	12,700	12,800	12,000	19,300	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
Receivables	US$ in thousands	600,000	605,200	594,500	545,400	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
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
Quick ratio		0.61	0.57	0.60	0.76	0.86	0.89	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

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 a declining trend over the past few years, indicating a potential deterioration in the company's liquidity position. Starting at a healthy level of 1.54 as of March 31, 2020, the quick ratio gradually decreased to 0.57 as of September 30, 2024. This downward trend suggests that the company may be facing challenges in meeting its short-term obligations with its most liquid assets.

A quick ratio below 1 indicates that Bruker Corporation may have difficulties in paying off its current liabilities using its quick assets alone. While the quick ratio improved slightly to 0.61 as of December 31, 2024, it is important to closely monitor this ratio in the coming periods to assess the company's ability to weather potential liquidity issues. Management may need to focus on improving the company's cash reserves and managing its current liabilities effectively to enhance its liquidity position and financial stability.