Roper Technologies, Inc. (ROP)

Current 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
Total current assets	US$ in thousands	1,542,700	1,592,300	1,490,200	1,425,700	1,481,400	1,504,500	2,606,100	2,232,200	1,932,400	3,991,400	4,992,000	4,485,600	2,421,100	2,375,200	1,796,700	1,739,400	1,752,300	1,706,200	3,179,200	2,273,400
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
Current ratio		0.40	0.48	0.53	0.49	0.50	0.53	0.94	0.80	0.67	1.41	1.58	1.28	0.78	0.83	0.72	0.71	0.72	0.73	1.27	0.96

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. fluctuated over the years, indicating variations in its short-term liquidity position. The company had a current ratio below 1 in several periods, potentially reflecting challenges in meeting its short-term obligations with its current assets alone. However, there were also instances where the current ratio improved, indicating a strengthened liquidity position.

Specifically, the current ratio was below 1 in most quarters from March 31, 2020, to September 30, 2022, which may have raised concerns about the company's ability to cover its short-term liabilities using its current assets. Notably, the ratio showed improvement in the subsequent quarters, reaching levels above 1. This improvement suggests that the company may have enhanced its ability to meet its short-term obligations with its current assets.

However, the ratio dropped below 1 again in the last few periods, which could indicate a potential decline in liquidity or challenges in managing short-term obligations. Overall, the fluctuating current ratio of Roper Technologies, Inc. implies a need for further analysis to understand the underlying reasons for these changes and assess the company's overall liquidity position effectively.