Roper Technologies Inc. Common Stock (ROP)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	17,444,800	16,037,800	11,563,800	10,479,800	9,491,900
Debt-to-capital ratio		0.25	0.27	0.38	0.46	0.33

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,830,600K ÷ ($5,830,600K + $17,444,800K)
= 0.25

The debt-to-capital ratio of Roper Technologies Inc has fluctuated over the past five years. In 2023, the ratio decreased to 0.27 from 0.29 in 2022 and continued a downward trend from previous years. This indicates that the company relied less on debt financing in relation to its total capital structure in 2023 compared to previous years. The decrease in the debt-to-capital ratio could suggest improved financial health and lower financial risk for Roper Technologies Inc. It appears that the company has been managing its debt levels effectively and optimizing its capital structure.