Roper Technologies, Inc. (ROP)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	188,200	214,300	792,800	351,500	308,300
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	1,012,400	936,300	816,000	934,700	1,104,700
Total current liabilities	US$ in thousands	3,832,200	2,963,200	2,892,500	3,121,800	2,444,400
Quick ratio		0.31	0.39	0.56	0.41	0.58

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($188,200K + $—K + $1,012,400K) ÷ $3,832,200K
= 0.31

The quick ratio of Roper Technologies, Inc. has exhibited some fluctuation over the past five years, decreasing from 0.58 as of December 31, 2020, to 0.31 as of December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

A quick ratio below 1 indicates that the company may have difficulty covering its immediate liabilities with its current liquid assets. Therefore, Roper Technologies, Inc. has been facing challenges in terms of liquidity over the past few years, as the ratio has been consistently below 1.

Although the quick ratio decreased from 2020 to 2024, it experienced some fluctuations in between, with slight improvements in 2022 before decreasing again in 2023 and 2024. This suggests that the company's liquidity position has been variable and may need to be closely monitored in the future to ensure it can meet its short-term obligations effectively.