Bruker Corporation (BRKR)

Solvency ratios

	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
Debt-to-assets ratio	0.27	0.29	0.29	0.29	0.33	0.34	0.35	0.34	0.33	0.23	0.23	0.24	0.28	0.29	0.31	0.31	0.29	0.22	0.21	0.09
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
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
Financial leverage ratio	3.09	3.16	3.13	3.19	3.24	3.56	3.49	3.49	3.41	2.91	3.08	3.14	3.17	3.02	3.28	3.23	3.06	2.78	2.73	2.46

Bruker Corp's solvency ratios depict its ability to meet long-term financial obligations and the extent of financial risk associated with its capital structure.

The Debt-to-assets ratio has been relatively stable over the periods, ranging from 0.30 to 0.35. This indicates that Bruker Corp finances a moderate portion of its assets through debt, with 30% to 35% of its assets being funded by debt.

The Debt-to-capital ratio, which measures the proportion of capital financed by debt, has also shown consistency, hovering between 0.48 and 0.55. This suggests that around 48% to 55% of Bruker Corp's capital structure is debt-based.

The Debt-to-equity ratio demonstrates the reliance on debt financing relative to equity. The decreasing trend from 1.09 to 0.93 over the periods indicates a declining dependency on debt financing in relation to shareholders' equity, possibly reflecting a strengthening financial position.

The Financial leverage ratio, which indicates the extent of assets funded by debt, has fluctuated but generally remained within the range of 3.09 to 3.56. This implies that for every dollar of equity, Bruker Corp has between $3.09 and $3.56 in total assets, signifying the company's use of debt to potentially amplify returns.

Overall, the solvency ratios suggest that Bruker Corp has maintained a moderate level of debt in its capital structure, with a decreasing reliance on debt funding compared to equity. The company's financial leverage implies a significant portion of assets are funded by debt, which could offer opportunities for growth but also may pose higher financial risks.

Coverage ratios

	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
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

Interest coverage ratio is a key financial metric that measures a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is better positioned to meet its interest obligations.

Bruker Corp's interest coverage ratio has fluctuated over the quarters provided, ranging from a high of 54.58 in Q4 2023 to a low of 26.32 in Q3 2023. Generally, an interest coverage ratio above 2 is considered healthy, indicating that the company is generating sufficient operating income to cover its interest expenses.

The trend in Bruker Corp's interest coverage ratio shows some variability, with slight fluctuations from quarter to quarter. While the ratios for most quarters fall within the acceptable range, the significant increase in Q4 2023 is notable and suggests that the company's operating income has improved significantly compared to the preceding quarters.

Overall, Bruker Corp's interest coverage ratio indicates that the company has been consistently able to cover its interest expenses comfortably, which is a positive sign of its financial stability and ability to meet its debt obligations. However, it is important to continue monitoring this ratio to ensure that the company's financial health remains strong.