Bruker Corporation (BRKR)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,160,300	1,098,600	1,122,500	1,109,000	1,200,500	1,136,800	1,171,000	1,205,400	1,221,800	717,500	721,100	715,800	842,300	828,200	924,200	914,800	812,800	518,500	493,900	212,300
Total assets	US$ in thousands	4,249,900	3,819,600	3,857,000	3,763,900	3,611,800	3,336,900	3,384,800	3,550,700	3,650,000	3,127,700	3,087,000	3,034,900	3,049,000	2,879,400	2,943,400	2,961,900	2,771,500	2,352,100	2,349,700	2,242,500
Debt-to-assets ratio		0.27	0.29	0.29	0.29	0.33	0.34	0.35	0.34	0.33	0.23	0.23	0.24	0.28	0.29	0.31	0.31	0.29	0.22	0.21	0.09

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,160,300K ÷ $4,249,900K
= 0.27

The debt-to-assets ratio for Bruker Corp has been relatively stable over the past eight quarters, ranging between 0.30 and 0.35. This ratio indicates that, on average, 30% to 35% of the company's assets are financed by debt, with the remainder funded by equity.

A decreasing trend from 0.34 in Q4 2022 to 0.30 in Q4 2023 suggests that the company may have been paying off debt or improving its asset base relative to its debt levels. However, the subsequent increase to 0.32 in Q3 2023 and then to 0.33 in Q1 2023 may indicate a reversal of this trend.

Overall, the debt-to-assets ratio of Bruker Corp remains within a reasonable range, indicating a moderate level of reliance on debt to finance its operations and investments. It is important for investors and stakeholders to monitor this ratio over time to assess the company's leverage and financial risk.