Roper Technologies, Inc. (ROP)

Debt-to-assets 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
Long-term debt	US$ in thousands	6,579,900	7,677,600	6,923,900	7,222,300	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
Total assets	US$ in thousands	31,334,700	31,552,700	29,847,500	29,978,500	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
Debt-to-assets ratio		0.21	0.24	0.23	0.24	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

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 been fluctuating over the past few years. It stood at 0.26 as of March 31, 2020, which indicates that 26% of the company's assets were financed by debt at that time. Subsequently, the ratio increased to 0.38 by September 30, 2020, before decreasing to 0.30 by December 31, 2021.

From March 31, 2022, the ratio began to gradually decline, reaching 0.21 by December 31, 2024. This downward trend suggests that Roper Technologies has been effectively reducing its reliance on debt to finance its assets over this period. A lower debt-to-assets ratio is generally seen as positive as it indicates less financial risk for the company.

Overall, the decreasing trend in Roper Technologies' debt-to-assets ratio from 2022 to 2024 signals a stronger financial position and better asset coverage by equity, potentially enhancing the company's long-term financial stability.