Roper Technologies, Inc. (ROP)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	188,200	269,600	251,500	198,400	214,300	299,500	1,462,800	1,181,600	792,800	1,894,500	2,879,100	3,237,500	351,500	352,500	337,800	331,000	308,300	302,100	1,870,800	999,800
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	3,832,200	3,289,700	2,807,800	2,909,500	2,963,200	2,812,700	2,763,900	2,775,400	2,892,500	2,840,400	3,166,100	3,501,800	3,121,800	2,861,100	2,503,100	2,462,900	2,444,400	2,339,900	2,498,600	2,366,100
Cash ratio		0.05	0.08	0.09	0.07	0.07	0.11	0.53	0.43	0.27	0.67	0.91	0.92	0.11	0.12	0.13	0.13	0.13	0.13	0.75	0.42

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($188,200K + $—K) ÷ $3,832,200K
= 0.05

The cash ratio of Roper Technologies, Inc. has experienced fluctuations over the periods provided. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and equivalents.

In March 2020, the cash ratio stood at 0.42, indicating that the company had $0.42 in cash and equivalents for every $1 of current liabilities. The ratio improved to 0.75 by June 2020, signaling a stronger liquidity position. However, the ratio dropped significantly to 0.13 by September 2020 and remained at this level until March 2021.

From June 2021 to December 2021, the cash ratio declined slightly from 0.13 to 0.11. Notably, there was a significant increase in the cash ratio to 0.92 by March 2022, indicating a substantial improvement in the company's ability to cover its short-term obligations with cash reserves.

Although the ratio decreased to 0.11 by September 2023, it rebounded to 0.53 by June 2023, showing a temporary boost in liquidity. However, by December 2024, the cash ratio dropped to 0.05, suggesting a decrease in the company's liquidity position compared to the earlier periods.

Overall, the cash ratio of Roper Technologies, Inc. has shown variability, with both improvements and declines in its ability to meet short-term liabilities with cash and equivalents. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's liquidity risk and financial stability.