Bruker Corporation (BRKR)

Based on the provided data, we can analyze Bruker Corporation's solvency ratios as follows:

1. Debt-to-Assets Ratio:
- The debt-to-assets ratio for Bruker Corporation has shown some fluctuation over the years, ranging from 0.27 to 0.36.
- This ratio indicates that, on average, approximately 27% to 36% of the company's assets are financed by debt.

2. Debt-to-Capital Ratio:
- The debt-to-capital ratio has also varied over the years, with values ranging from 0.46 to 0.54.
- This ratio reflects the proportion of the company's capital that is financed through debt, showing an average range of 46% to 54%.

3. Debt-to-Equity Ratio:
- Bruker Corporation's debt-to-equity ratio has fluctuated between 0.84 and 1.16 during the period under consideration.
- This ratio signifies the extent to which the company's operations are funded by debt compared to equity, indicating that, on average, debt represents 84% to 116% of the shareholder's equity.

4. Financial Leverage Ratio:
- The financial leverage ratio for Bruker Corporation ranges from 3.09 to 3.41, reflecting the company's level of financial leverage over the years.
- This ratio represents the company's ability to meet its financial obligations through a mix of equity and debt financing, showing a leverage factor of 3.09 to 3.41.

Overall, the solvency ratios suggest that Bruker Corporation has maintained a moderate level of debt relative to its assets, capital, and equity, with consistent but not drastic fluctuations in its financial leverage ratio over the years. It is important for the company to monitor these ratios to ensure sustainable and stable financial health.

---

Coverage ratios

Bruker Corporation's interest coverage ratio has shown a generally positive trend over the years. As of December 31, 2020, the interest coverage ratio was 16.43, indicating that the company's operating income was 16.43 times greater than its interest expenses for that year. Subsequently, the interest coverage ratio improved significantly to 28.28 in 2021, demonstrating an even stronger ability to meet interest obligations.

In the following years, Bruker Corporation maintained strong interest coverage ratios, with figures of 26.65 in 2022 and 34.23 in 2023. These ratios suggest a healthy financial position and the company's ability to comfortably cover its interest expenses with its operating income.

However, there was a notable decrease in the interest coverage ratio to 5.28 by December 31, 2024. This decline may raise concerns about the company's ability to handle interest payments, as the operating income may not be sufficient to cover its interest expenses effectively.

In conclusion, while Bruker Corporation has demonstrated a strong ability to cover its interest expenses in recent years, the notable decrease in 2024 warrants further monitoring to ensure the company maintains a healthy financial position and effectively meets its obligations.