Current Ratio
since 2005
Calculation
Roper Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.67 | = | 1,932,400) | ÷ | 2,892,500) |
| Dec 31, 2021 | 0.78 | = | 2,421,100) | ÷ | 3,121,800) |
| Dec 31, 2020 | 0.72 | = | 1,752,300) | ÷ | 2,444,400) |
| Dec 31, 2019 | 0.83 | = | 1,999,500) | ÷ | 2,397,400) |
| Dec 31, 2018 | 1.11 | = | 1,610,700) | ÷ | 1,448,200) |
| Dec 31, 2017 | 0.87 | = | 1,759,402) | ÷ | 2,029,409) |
| Dec 31, 2016 | 1.23 | = | 1,776,501) | ÷ | 1,445,272) |
| Dec 31, 2015 | 2.25 | = | 1,618,047) | ÷ | 720,128) |
| Dec 31, 2014 | 2.41 | = | 1,512,105) | ÷ | 627,947) |
| Dec 31, 2013 | 2.14 | = | 1,373,337) | ÷ | 643,091) |
| Dec 31, 2012 | 1.15 | = | 1,245,542) | ÷ | 1,086,210) |
| Dec 31, 2011 | 2.01 | = | 1,115,473) | ÷ | 554,196) |
| Dec 31, 2010 | 1.85 | = | 998,091) | ÷ | 539,645) |
| Dec 31, 2009 | 1.82 | = | 870,745) | ÷ | 478,011) |
| Dec 31, 2008 | 1.39 | = | 858,307) | ÷ | 619,208) |
| Dec 31, 2007 | 1.42 | = | 951,137) | ÷ | 667,530) |
| Dec 31, 2006 | 1.07 | = | 627,495) | ÷ | 587,649) |
| Dec 31, 2005 | 0.99 | = | 498,207) | ÷ | 505,625) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The liquidity position of the organization has undergone a significant transformation between 2005 and 2022, transitioning from a period of strengthening liquidity to a prolonged phase of contraction. While current assets grew from 498.2 million USD in 2005 to 1.93 billion USD in 2022, this growth was outpaced by a substantial increase in current liabilities, which rose from 505.6 million USD to 2.89 billion USD over the same period.
- Liquidity Expansion Phase (2005–2011)
- A consistent upward trend in the current ratio is observed during this period. Starting at 0.99 in 2005, the ratio climbed steadily to reach 2.01 by 2011. This growth was driven by a disciplined increase in current assets relative to current liabilities, indicating a strengthening ability to cover short-term obligations.
- Volatility and Peak Liquidity (2012–2015)
- The period was marked by significant fluctuations. A sharp decline to 1.15 occurred in 2012, coinciding with a spike in current liabilities to 1.09 billion USD. However, a rapid recovery followed, with the current ratio reaching its historical peak of 2.41 in 2014, reflecting a temporary period of high short-term solvency.
- Structural Liquidity Decline (2016–2022)
- A sustained downward trajectory is evident from 2016 onward. The current ratio dropped to 1.23 in 2016 and fell below the critical 1.0 threshold in 2017. Despite a brief recovery to 1.11 in 2018, the ratio continued to decline, reaching 0.67 by 2022. This trend indicates that current liabilities have grown to significantly exceed current assets, suggesting a heightened reliance on non-current funding or operational cash flow to meet short-term commitments.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Roper Technologies Inc., current ratio, long-term trends, comparison to competitors
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.67 | 0.88 | 4.29 | 1.43 | 0.80 | 4.38 | 1.91 |
| Dec 31, 2021 | 0.78 | 1.07 | 4.34 | 1.49 | 0.80 | 3.67 | 1.93 |
| Dec 31, 2020 | 0.72 | 1.36 | 4.99 | 1.72 | 0.70 | 7.24 | 2.25 |
| Dec 31, 2019 | 0.83 | 1.54 | 5.81 | 1.51 | 0.80 | 4.53 | 2.35 |
| Dec 31, 2018 | 1.11 | 1.12 | 4.48 | 2.29 | — | 5.27 | 1.89 |
| Dec 31, 2017 | 0.87 | 1.28 | 4.28 | 3.03 | — | 5.05 | 1.88 |
| Dec 31, 2016 | 1.23 | 1.35 | 3.32 | 3.16 | — | 2.82 | 2.58 |
| Dec 31, 2015 | 2.25 | 1.11 | 4.15 | 3.23 | — | 2.55 | 2.01 |
| Dec 31, 2014 | 2.41 | 1.08 | 4.71 | 3.39 | — | — | 2.10 |
| Dec 31, 2013 | 2.14 | 1.68 | — | 2.95 | — | — | 2.16 |
| Dec 31, 2012 | 1.15 | 1.50 | — | 3.49 | — | — | 2.19 |
| Dec 31, 2011 | 2.01 | 1.61 | — | 3.27 | — | — | 2.63 |
| Dec 31, 2010 | 1.85 | 2.01 | — | 2.67 | — | — | 2.15 |
| Dec 31, 2009 | 1.82 | 1.88 | — | 3.24 | — | — | 2.47 |
| Dec 31, 2008 | 1.39 | 2.46 | — | 2.58 | — | — | 2.05 |
| Dec 31, 2007 | 1.42 | 2.36 | — | 2.36 | — | — | 2.21 |
| Dec 31, 2006 | 1.07 | 2.24 | — | 2.27 | — | — | — |
| Dec 31, 2005 | 0.99 | 2.96 | — | 1.37 | — | — | — |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Roper Technologies Inc., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Roper Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2022 | 0.67 | 0.96 |
| Dec 31, 2021 | 0.78 | 1.09 |
| Dec 31, 2020 | 0.72 | 1.25 |
| Dec 31, 2019 | 0.83 | 1.38 |
| Dec 31, 2018 | 1.11 | 1.36 |
| Dec 31, 2017 | 0.87 | 1.67 |
| Dec 31, 2016 | 1.23 | 1.80 |
| Dec 31, 2015 | 2.25 | 1.60 |
| Dec 31, 2014 | 2.41 | 1.64 |
| Dec 31, 2013 | 2.14 | 2.11 |
| Dec 31, 2012 | 1.15 | 2.13 |
| Dec 31, 2011 | 2.01 | 2.25 |
| Dec 31, 2010 | 1.85 | 2.33 |
| Dec 31, 2009 | 1.82 | 2.44 |
| Dec 31, 2008 | 1.39 | 2.52 |
| Dec 31, 2007 | 1.42 | 2.36 |
| Dec 31, 2006 | 1.07 | 2.26 |
| Dec 31, 2005 | 0.99 | 1.80 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Roper Technologies Inc., current ratio, long-term trends, comparison to industry (information technology)
| Roper Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.67 | 1.37 |
| Dec 31, 2021 | 0.78 | 1.55 |
| Dec 31, 2020 | 0.72 | 1.71 |
| Dec 31, 2019 | 0.83 | 1.66 |
| Dec 31, 2018 | 1.11 | 1.88 |
| Dec 31, 2017 | 0.87 | 2.04 |
| Dec 31, 2016 | 1.23 | 2.01 |
| Dec 31, 2015 | 2.25 | 2.04 |
| Dec 31, 2014 | 2.41 | 1.98 |
| Dec 31, 2013 | 2.14 | 2.20 |
| Dec 31, 2012 | 1.15 | 2.08 |
| Dec 31, 2011 | 2.01 | 2.12 |
| Dec 31, 2010 | 1.85 | 2.02 |
| Dec 31, 2009 | 1.82 | 2.04 |
| Dec 31, 2008 | 1.39 | 1.80 |
| Dec 31, 2007 | 1.42 | 1.79 |
| Dec 31, 2006 | 1.07 | 1.86 |
| Dec 31, 2005 | 0.99 | 2.02 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).