Roper Technologies Inc. Common Stock (ROP)

Solvency ratios

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
Debt-to-assets ratio 0.21 0.23 0.22 0.22 0.22 0.24 0.26 0.26 0.30 0.32 0.34 0.36 0.38 0.38 0.27 0.26 0.26 0.35 0.30 0.29
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
Debt-to-equity ratio 0.33 0.37 0.36 0.37 0.37 0.43 0.48 0.49 0.62 0.66 0.74 0.80 0.86 0.90 0.53 0.49 0.49 0.72 0.57 0.55
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

Roper Technologies Inc's solvency ratios show a consistent trend over the past eight quarters. The debt-to-assets ratio has decreased steadily from 0.29 in Q1 2022 to 0.22 in Q4 2023, indicating that the company has reduced its debt relative to its total assets over time. This suggests a stronger financial position and lower financial risk.

Similarly, the debt-to-capital ratio has shown a decreasing trend, falling from 0.35 in Q1 2022 to 0.27 in Q4 2023. This implies that the company is relying less on debt financing and more on equity to fund its operations and investments, which is favorable for long-term financial stability.

The debt-to-equity ratio has also exhibited a declining pattern, dropping from 0.55 in Q1 2022 to 0.36 in Q4 2023. A decreasing debt-to-equity ratio indicates that the company has been successful in reducing its financial leverage and reliance on debt to finance its operations.

Furthermore, the financial leverage ratio has decreased consistently from 1.89 in Q1 2022 to 1.61 in Q4 2023. This reduction in financial leverage signifies that Roper Technologies Inc has been managing its debt efficiently and improving its equity position, which bodes well for its ability to meet its financial obligations and weather any economic downturns.

Overall, the solvency ratios of Roper Technologies Inc demonstrate a positive trend towards a healthier financial structure with lower debt levels and improved financial stability.

Coverage ratios

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
Interest coverage 11.68 20.36 20.26 18.58 26.16 17.35 15.85 14.78 6.94 6.52 6.14 6.17 6.28 10.76 11.68 12.02 12.74 8.56 8.43 8.46

The interest coverage ratio for Roper Technologies Inc has shown a generally positive trend over the past eight quarters, indicating the company's ability to comfortably meet its interest obligations from its operating income. The ratio has consistently been above 1, implying that the company's earnings before interest and taxes (EBIT) are sufficient to cover its interest expenses.

Starting from Q1 2022 with an interest coverage ratio of 7.08, there has been a steady increase quarter by quarter, reaching a peak of 11.60 in Q4 2023. This demonstrates the company's strong financial position and ability to generate earnings to cover its interest payments.

The improvement in the interest coverage ratio signals a potentially reduced financial risk for lenders and investors, as it shows that Roper Technologies Inc has a solid financial foundation to meet its debt obligations. Overall, the rising trend in interest coverage reflects positively on the company's financial health and stability.

See also:

Roper Technologies Inc. Common Stock Solvency Ratios (Quarterly Data)