Roper Technologies Inc. Common Stock (ROP)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	17,444,800	17,038,700	16,745,900	16,332,700	16,037,800	13,857,800	13,726,500	13,551,900	11,563,800	11,342,300	11,089,200	10,765,700	10,479,800	10,160,900	9,879,700	9,591,300	9,491,900	8,571,300	8,351,000	8,137,400
Debt-to-capital ratio		0.25	0.27	0.26	0.27	0.27	0.30	0.33	0.33	0.38	0.40	0.43	0.44	0.46	0.47	0.35	0.33	0.33	0.42	0.36	0.36

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 been relatively stable over the recent quarters, hovering around 0.27 to 0.29 range in the latest quarter analyzed. This indicates that the company's level of debt compared to its total capital has been consistent. The ratio has shown a decreasing trend from the beginning of 2022 when it was at 0.35, suggesting a potential improvement in the company's capital structure. Overall, the consistency and slight decline in the debt-to-capital ratio may indicate that Roper Technologies Inc has been managing its debt levels effectively and maintaining a healthy balance between debt and equity in its capital structure.