Roper Technologies Inc. Common Stock (ROP)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,481,400	1,932,400	2,421,100	1,752,300	1,999,500
Total current liabilities	US$ in thousands	2,963,200	2,892,500	3,121,800	2,444,400	2,397,400
Current ratio		0.50	0.67	0.78	0.72	0.83

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,481,400K ÷ $2,963,200K
= 0.50

The current ratio of Roper Technologies Inc has shown a decreasing trend over the past five years, declining from 0.83 in 2019 to 0.50 in 2023. This indicates a weakening liquidity position of the company, as the current assets available to cover current liabilities have decreased.

A current ratio below 1 suggests that the company may have difficulties in meeting its short-term obligations with its current assets alone. A ratio of 0.50 in 2023 raises concerns about the company's ability to cover its current liabilities with its current assets.

It is recommended that Roper Technologies Inc closely monitors its liquidity position and takes necessary steps to improve its current ratio to ensure its ability to meet short-term obligations efficiently.