Roper Technologies, Inc. (ROP)

Financial leverage 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
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
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
Financial leverage ratio		1.66	1.70	1.65	1.68	1.61	1.65	1.64	1.66	1.68	1.76	1.85	1.89	2.05	2.09	2.15	2.22	2.29	2.33	1.94	1.89

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $31,334,700K ÷ $18,867,600K
= 1.66

The financial leverage ratio of Roper Technologies, Inc. has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Initially starting at 1.89 in March 2020, the ratio increased consistently until reaching a peak of 2.33 in September 2020. Subsequently, it trended downwards but remained relatively elevated, hovering around the 2.00 mark for much of 2021 and 2022.

From March 31, 2023, to December 31, 2024, the financial leverage ratio showed a declining trend overall. The ratio decreased from 1.66 in March 2023 to 1.61 in December 2023, indicating a reduction in the company's financial leverage during this period. However, there was a slight uptick in the ratio to 1.70 by September 30, 2024, before decreasing again to 1.66 by December 31, 2024.

The decreasing trend in the financial leverage ratio from March 2023 to December 2024 suggests that Roper Technologies, Inc. may have been reducing its reliance on debt financing or improving its equity position during this period. Overall, a decreasing financial leverage ratio can indicate a lower financial risk for the company, as it implies a lower proportion of debt in its capital structure compared to equity.