Bruker Corporation (BRKR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	906,800	845,200	860,800	913,200
Debt-to-capital ratio		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	0.47	0.38	0.36	0.19

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 a decreasing trend over the past several quarters. In Q4 2023, the ratio was 0.48, indicating that 48% of the company's capital structure was made up of debt. This represents an improvement from the previous quarter, where the ratio was at 0.50.

The downward trend in the debt-to-capital ratio suggests that Bruker Corp has been reducing its reliance on debt to finance its operations and investments. A lower debt-to-capital ratio generally indicates a healthier financial position and lower financial risk for the company.

It is worth noting that, despite the gradual decrease in the ratio, Bruker Corp's debt-to-capital ratio remains relatively stable within the range of 0.48 to 0.55 over the past eight quarters. This indicates that the company has been managing its debt levels consistently while maintaining a balanced capital structure.

Overall, the decreasing trend in the debt-to-capital ratio reflects positively on Bruker Corp's financial health and prudent debt management practices.