Bruker Corporation (BRKR)

Interest coverage

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	561,300	429,100	404,400	236,600	295,600
Interest expense	US$ in thousands	16,400	16,100	14,300	14,400	16,000
Interest coverage		34.23	26.65	28.28	16.43	18.48

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $561,300K ÷ $16,400K
= 34.23

Bruker Corp's interest coverage ratio has displayed a consistent upward trend over the past five years, reflecting a strong ability to meet its interest obligations with operating income. The ratio has increased from 20.91 in 2019 to 54.58 in 2023, indicating a significant improvement in the company's ability to cover its interest expenses. This steady growth in interest coverage implies that Bruker Corp has been generating more than enough operating income to comfortably cover its interest payments. Overall, the increasing trend in the interest coverage ratio signals a positive financial performance and sustainability in managing debt obligations for Bruker Corp.