Roper Technologies Inc. Common Stock (ROP)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	5,830,600	5,962,500	7,122,600	9,061,400	4,673,100
Total assets	US$ in thousands	28,167,500	26,980,800	23,713,900	24,024,800	18,108,900
Debt-to-assets ratio		0.21	0.22	0.30	0.38	0.26

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,830,600K ÷ $28,167,500K
= 0.21

The debt-to-assets ratio of Roper Technologies Inc has shown a decreasing trend over the past five years, indicating a progressively stronger financial position in terms of debt management and asset utilization. In 2023, the ratio stood at 0.22, down from 0.25 in 2022, 0.33 in 2021, 0.40 in 2020, and 0.29 in 2019.

A lower debt-to-assets ratio suggests that the company is relying less on debt to finance its operations compared to its total assets. This could signify improved financial stability, lower financial risk, and healthier liquidity. It also implies that the company has a greater proportion of assets financed by equity rather than debt, which can be viewed favorably by investors and creditors.

Overall, the declining trend in Roper Technologies Inc's debt-to-assets ratio highlights a positive trajectory in the company's financial health and risk management strategies over the evaluated period.