Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Roper Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Liabilities Structure
- Over the five-year period, total liabilities as a percentage of total liabilities and stockholders’ equity showed a declining trend, decreasing from 49.25% in 2018 to 40.56% in 2022. This overall reduction indicates a relative decrease in the company's leverage.
- Current liabilities exhibited fluctuations but generally remained within a range, starting at 9.5% in 2018, peaking at 13.24% in 2019 and 13.16% in 2021, before decreasing to 10.72% in 2022.
- Noncurrent liabilities followed a more marked declining pattern, with a peak of 46.2% in 2020 and a reduction thereafter to 29.84% by 2022. This resulted in a notable decrease in long-term debt components.
- Long-term debt, net of current portion, specifically decreased significantly from 32.4% in 2018 to 22.1% in 2022, indicating efforts in debt reduction or maturity.
- Current Liabilities Details
- Accounts payable steadily decreased from 1.08% in 2018 to 0.45% in 2022, reflecting a reduced share of total liabilities and equity.
- Accrued compensation similarly declined from 1.63% in 2018 to 0.85% in 2022, though with some intermediate variance.
- Deferred revenue increased overall from 4.45% in 2018 to 5.08% in 2022, showing a rise in revenue received but not yet earned, which may suggest customer prepayments or long-term contracts.
- The current portion of long-term debt showed variability, reaching a high of 3.37% in 2021 before scaling back to 2.59% in 2022, consistent with the overall declining long-term debt.
- Income taxes payable displayed volatility with no clear trend, spiking at 1.19% in 2019 and dropping to 0.06% in 2022.
- Some minor liabilities such as sales and other taxes payable appeared only in 2021 and 2022 at low levels, and a patent litigation accrual emerged in 2022 at 0.17%.
- Other Liabilities and Accruals
- Other accrued liabilities peaked at 1.91% in 2019 and slightly decreased to 1.68% in 2022, remaining a stable component of liabilities.
- Other liabilities rose from 1.26% in 2018 to a high of 2.42% in 2019, then declined steadily to 1.52% in 2022.
- Current operating lease liabilities trended downward from 0.31% in 2019 to 0.17% in 2022, reflecting potential lease term expirations or renegotiations.
- Stockholders’ Equity Composition
- Stockholders’ equity as a percentage of total liabilities and equity increased from 50.75% in 2018 to 59.44% in 2022, indicative of strengthening equity position relative to liabilities.
- Retained earnings saw a significant rise from 40.97% in 2018 to 50.89% in 2022, despite a dip to 35.57% in 2020, contributing materially to the increased equity share.
- Additional paid-in capital decreased over the period from 11.49% to 9.3%, suggesting lower issuance of capital stock or repurchases impacting this component.
- Accumulated other comprehensive loss decreased in magnitude from -1.6% in 2018 to -0.69% in 2022, indicating reduced negative adjustments to equity.
- Treasury stock percentages diminished slightly from -0.12% to -0.06%, implying minor buyback effects.
- Summary of Observations
- The overall capital structure shifted toward lower leverage, with liabilities notably decreasing relative to equity. This is primarily due to reductions in both current and long-term debt components.
- The increase in deferred revenue suggests growing advance payments or contractual obligations, which may strengthen short-term liquidity.
- Retained earnings growth significantly supports the equity expansion, reflecting accumulated profits or less dividend payout relative to earnings.
- Variations in certain liabilities such as income taxes payable and patent litigation accrual indicate episodic factors influencing the balance sheet.