Roper Technologies Inc. Common Stock (ROP)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	5,830,600	6,379,000	5,966,300	5,964,400	5,962,500	5,960,600	6,657,100	6,654,800	7,122,600	7,529,900	8,199,500	8,571,800	9,061,400	9,101,200	5,263,800	4,674,200	4,673,100	6,195,100	4,718,900	4,487,000
Total assets	US$ in thousands	28,167,500	28,188,000	27,460,400	27,134,800	26,980,800	24,397,200	25,350,300	25,635,800	23,713,900	23,728,100	23,833,700	23,871,100	24,024,800	23,652,000	19,142,300	18,137,800	18,108,900	17,819,100	15,908,300	15,414,100
Debt-to-assets ratio		0.21	0.23	0.22	0.22	0.22	0.24	0.26	0.26	0.30	0.32	0.34	0.36	0.38	0.38	0.27	0.26	0.26	0.35	0.30	0.29

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 declining trend over the past eight quarters, indicating a positive financial position in terms of debt management and asset utilization. The ratio has decreased from 0.29 in Q1 2022 to 0.22 in Q4 2023, suggesting that the company has been reducing its reliance on debt to finance its operations and investments.

A debt-to-assets ratio of 0.22 in Q4 2023 means that 22% of Roper Technologies Inc's assets are financed by debt, while the remaining 78% are funded by equity. This indicates a strong ability to cover its debts with its assets. The company's decreasing trend in the debt-to-assets ratio may signal improved financial stability and lower financial risk over the observed period.

Overall, the decreasing trend in Roper Technologies Inc's debt-to-assets ratio reflects a prudent debt management strategy and efficient utilization of assets to generate returns for the company and its shareholders.