Roper Technologies, Inc. (ROP)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,542,700	1,481,400	1,932,400	2,421,100	1,752,300
Total current liabilities	US$ in thousands	3,832,200	2,963,200	2,892,500	3,121,800	2,444,400
Current ratio		0.40	0.50	0.67	0.78	0.72

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,542,700K ÷ $3,832,200K
= 0.40

The current ratio of Roper Technologies, Inc. has been fluctuating over the past five years. In December 2020, the current ratio was 0.72, indicating that the company's current assets were 72% of its current liabilities. By December 2021, the current ratio slightly improved to 0.78, showing a better ability to cover short-term obligations. However, in December 2022, the current ratio decreased to 0.67, suggesting a potential strain on the company's liquidity.

In December 2023, the current ratio notably dropped to 0.50, indicating a significant decline in the company's ability to meet its short-term liabilities with current assets. This could raise concerns about the company's liquidity position. By December 2024, the current ratio decreased further to 0.40, signaling a continuing decline in liquidity and implying potential difficulties in fulfilling short-term obligations.

Overall, the decreasing trend in Roper Technologies, Inc.'s current ratio over the past five years indicates a weakening liquidity position and raises questions about the company's ability to cover its short-term liabilities with its current assets. Further analysis of the company's working capital management and financial strategy may be warranted to address these liquidity concerns.