Roper Technologies Inc. Common Stock (ROP)

Financial leverage 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
Total assets	US$ in thousands	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	18,108,900	17,819,100	15,908,300	15,414,100
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
Financial leverage ratio		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	1.91	2.08	1.90	1.89

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $28,167,500K ÷ $17,444,800K
= 1.61

The financial leverage ratio of Roper Technologies Inc has been showing a slight downward trend over the past four quarters, decreasing from 1.68 in Q4 2022 to 1.61 in Q4 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests that Roper Technologies is becoming less leveraged and potentially less risky, as it is using less debt relative to its equity in its capital structure. Overall, the decreasing trend in the financial leverage ratio may reflect a more conservative financial strategy by the company. However, it is important to monitor this ratio to ensure that the company maintains a healthy balance between debt and equity to support its growth and profitability.