Bruker Corporation (BRKR)

Debt-to-capital 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
Long-term debt	US$ in thousands	2,061,800	2,264,500	2,132,000	1,357,300	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
Total stockholders’ equity	US$ in thousands	1,781,200	1,807,000	1,789,200	1,415,300	1,377,200	1,208,800	1,231,200	1,180,300	1,113,800	937,000	970,500	1,017,000	1,070,500	1,075,600	1,002,000	967,700	961,200	952,100	897,400	915,600
Debt-to-capital ratio		0.54	0.56	0.54	0.49	0.46	0.48	0.48	0.48	0.52	0.55	0.55	0.54	0.53	0.40	0.42	0.43	0.47	0.47	0.51	0.50

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

The debt-to-capital ratio of Bruker Corporation has fluctuated over the past few years, ranging from 0.40 to 0.56. This ratio indicates the proportion of the company's capital that is financed through debt.

From March 31, 2020, to December 31, 2022, the debt-to-capital ratio showed a gradual increase from 0.50 to 0.55 before slightly decreasing to 0.52 by the end of December 2022. This increasing trend may suggest that Bruker Corporation was relying more on debt to fund its operations and investments during this period.

However, from March 31, 2023, to December 31, 2024, the debt-to-capital ratio fluctuated between 0.46 and 0.56. This fluctuation may indicate changes in the company's capital structure or debt management strategies during this period.

Overall, investors and analysts should closely monitor Bruker Corporation's debt-to-capital ratio to assess the company's financial health and leverage levels, as higher ratios may indicate higher financial risk and potential challenges in debt repayment.