Roper Technologies, Inc. (ROP)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	18,867,600	18,515,500	18,139,000	17,797,600	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
Debt-to-capital ratio		0.26	0.29	0.28	0.29	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

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 for Roper Technologies, Inc. has shown a fluctuating trend over the periods provided. The ratio decreased from 0.33 as of March 31, 2020, to 0.27 as of March 31, 2023, before slightly increasing to 0.29 as of September 30, 2024. Overall, the company has maintained a relatively conservative debt-to-capital structure, staying below the 0.5 threshold for most of the period. This indicates that Roper Technologies has been managing its capital structure effectively, balancing its debt and equity components to finance its operations. An analysis of the company's debt levels alongside its capital will provide further insights into its financial leverage and risk profile.