Bruker Corporation (BRKR)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	553,500	431,600	441,800	434,100	421,100	421,400	401,600	421,800	413,300	400,700	368,700	321,000	248,300	253,200	259,800	275,400	300,900	289,600	270,900	266,200
Interest expense (ttm)	US$ in thousands	8,600	8,500	8,300	8,200	8,100	4,200	4,900	14,500	14,200	19,600	19,100	16,200	14,300	13,000	13,800	14,800	16,000	15,800	13,400	12,300
Interest coverage		64.36	50.78	53.23	52.94	51.99	100.33	81.96	29.09	29.11	20.44	19.30	19.81	17.36	19.48	18.83	18.61	18.81	18.33	20.22	21.64

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $553,500K ÷ $8,600K
= 64.36

The interest coverage ratio measures a company's ability to cover its interest payments with its operating income. Bruker Corp's interest coverage ratio has shown fluctuation over the past eight quarters, ranging from a high of 54.58 in Q4 2023 to a low of 26.32 in Q3 2023. Generally, a higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

In the most recent quarter, Q4 2023, Bruker Corp had a strong interest coverage ratio of 54.58, suggesting that the company's earnings were more than sufficient to cover its interest expenses. This may indicate a healthy financial position and lower risk of financial distress due to debt obligations.

However, it's worth noting that the company's interest coverage ratio has varied significantly over the past quarters, indicating potential fluctuations in its earnings and ability to cover interest payments. Investors and stakeholders may want to monitor this ratio closely to assess Bruker Corp's financial health and debt management capabilities.