Bruker Corporation (BRKR)

Debt-to-equity 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-equity ratio		0.84	0.91	0.91	0.94	1.08	1.21	1.21	1.19	1.14	0.67	0.72	0.74	0.88	0.87	1.03	1.00	0.90	0.61	0.57	0.23

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 a downward trend over the last two years, indicating a decreasing reliance on debt financing in relation to equity. In Q4 2023, the company's debt-to-equity ratio decreased to 0.93, its lowest level in the given period. This implies a stronger equity position compared to debt at the end of the year.

The gradual decline in the debt-to-equity ratio from 1.23 in Q3 2022 to 0.93 in Q4 2023 suggests that Bruker Corp has been effectively managing its debt levels or increasing its equity base during this period. This can be a positive sign as a lower debt-to-equity ratio generally indicates lower financial risk and a healthier balance sheet.

While the ratio fluctuated slightly between 1.20 and 1.23 in the first half of 2022, it started a declining trend from Q3 2022 onwards. This downward trajectory may indicate improved financial stability as the company reduced its debt levels or increased shareholder equity.

Overall, the decreasing trend in Bruker Corp's debt-to-equity ratio signifies a positive shift towards a more balanced capital structure with a decreasing reliance on debt financing, which could enhance the company's financial health and stability in the long run.