Roper Technologies Inc. Common Stock (ROP)

Cash 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
Cash and cash equivalents	US$ in thousands	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	709,700	323,000	320,800	392,500
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	2,397,400	1,500,900	1,443,200	1,444,700
Cash ratio		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	0.30	0.22	0.22	0.27

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($214,300K + $—K) ÷ $2,963,200K
= 0.07

The cash ratio of Roper Technologies Inc has shown fluctuation over the past eight quarters. In Q1 2022 and Q2 2022, the company had strong cash ratios of 0.97 and 0.96, indicating a high level of cash and cash equivalents to cover its current liabilities. However, the cash ratio decreased in subsequent quarters, reaching as low as 0.13 in Q4 2023.

A cash ratio below 1 suggests that the company may not have enough liquid assets to cover its short-term obligations. The decreasing trend in the cash ratio over the quarters could indicate potential liquidity challenges for Roper Technologies Inc, which may require the company to better manage its cash flow or explore alternative sources of funding to meet its upcoming financial commitments.

It would be advisable for investors and stakeholders to closely monitor Roper Technologies Inc's cash management practices and financial performance in order to assess the company's ability to maintain sufficient liquidity levels in the future.