Roper Technologies, Inc. (ROP)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	18,867,600	17,444,800	16,037,800	11,563,800	10,479,800
Debt-to-capital ratio		0.26	0.25	0.27	0.38	0.46

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,579,900K ÷ ($6,579,900K + $18,867,600K)
= 0.26

The debt-to-capital ratio of Roper Technologies, Inc. has shown a declining trend over the past five years, from 0.46 as of December 31, 2020, to 0.26 as of December 31, 2024. This ratio indicates that the company has been successful in reducing its reliance on debt relative to its total capital structure over the period. A lower debt-to-capital ratio signifies a stronger financial position and less financial risk, as the company is using a smaller proportion of debt to finance its operations compared to equity. Overall, the trend suggests that Roper Technologies has been effectively managing its capital structure and demonstrating prudent financial stewardship.