Roper Technologies, Inc. (ROP)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	6,579,900	5,830,600	5,962,500	7,122,600	9,061,400
Total assets	US$ in thousands	31,334,700	28,167,500	26,980,800	23,713,900	24,024,800
Debt-to-assets ratio		0.21	0.21	0.22	0.30	0.38

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,579,900K ÷ $31,334,700K
= 0.21

The debt-to-assets ratio for Roper Technologies, Inc. has shown a declining trend over the past five years, decreasing from 0.38 as of December 31, 2020, to 0.21 as of December 31, 2024. This indicates that the company has been relying less on debt financing relative to its total assets. A decreasing trend in the debt-to-assets ratio is generally positive as it signifies a lower level of financial risk and improved solvency. Roper Technologies has been effectively managing its capital structure by reducing its debt burden compared to its asset base over this period.