Bruker Corporation (BRKR)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	2,061,800	1,160,300	1,200,500	1,221,800	842,300
Total stockholders’ equity	US$ in thousands	1,781,200	1,377,200	1,113,800	1,070,500	961,200
Debt-to-capital ratio		0.54	0.46	0.52	0.53	0.47

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,061,800K ÷ ($2,061,800K + $1,781,200K)
= 0.54

Bruker Corporation's debt-to-capital ratio has fluctuated over the past five years. It increased from 0.47 in December 2020 to 0.53 in December 2021, indicating a higher proportion of debt in the company's capital structure. Subsequently, it decreased slightly to 0.52 in December 2022, before dropping to 0.46 in December 2023. However, by December 2024, the ratio rose to 0.54, which suggests a higher reliance on debt to finance the company's operations and investments. Overall, the trend in Bruker Corporation's debt-to-capital ratio indicates some variability in the company's leverage position over the years.