Bruker Corporation (BRKR)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,160,300	1,200,500	1,221,800	842,300	812,800
Total stockholders’ equity	US$ in thousands	1,377,200	1,113,800	1,070,500	961,200	906,800
Debt-to-capital ratio		0.46	0.52	0.53	0.47	0.47

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,160,300K ÷ ($1,160,300K + $1,377,200K)
= 0.46

The debt-to-capital ratio of Bruker Corp has shown some fluctuations over the past five years. In 2023, the ratio decreased to 0.48 from 0.52 in 2022, indicating that the company relied less on debt to finance its operations relative to its total capital structure. This may suggest improved financial stability and lower financial risk. However, it is important to note that the ratio is still relatively high compared to previous years, such as 2020 and 2019 when it was at 0.47. Overall, while the downward trend in the debt-to-capital ratio is a positive sign, it would be prudent to monitor the company's debt management practices to ensure sustainable financial health.