Bruker Corporation (BRKR)

Debt-to-equity 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-equity ratio		0.84	1.08	1.14	0.88	0.90

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,160,300K ÷ $1,377,200K
= 0.84

Bruker Corp's debt-to-equity ratio has exhibited fluctuations over the past five years. The ratio decreased from 1.25 in 2021 to 0.93 in 2023, indicating a reduction in the company's reliance on debt to finance its operations relative to shareholders' equity. This downward trend suggests an improvement in the company's financial leverage and risk profile.

However, it is important to note that in 2022, the debt-to-equity ratio increased to 1.09 before decreasing in the following year. This fluctuation may signal varying strategic decisions or financial circumstances during those years.

Overall, Bruker Corp's decreasing debt-to-equity ratio from 2021 to 2023 reflects a positive trend in the company's capital structure, as it indicates a more balanced mix of debt and equity financing. Investors and stakeholders may view this trend favorably as it potentially signifies improved financial health and stability for the company.