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Roper Technologies Inc. (NASDAQ:ROP)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Debt to Equity
since 2005

Microsoft Excel

Calculation

Roper Technologies Inc., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Long-term debt, including of current portion1 ÷ Stockholders’ equity1
Dec 31, 2022 0.42 = 6,661,700 ÷ 16,037,800
Dec 31, 2021 0.69 = 7,921,800 ÷ 11,563,800
Dec 31, 2020 0.91 = 9,566,500 ÷ 10,479,800
Dec 31, 2019 0.56 = 5,275,300 ÷ 9,491,900
Dec 31, 2018 0.64 = 4,941,700 ÷ 7,738,500
Dec 31, 2017 0.75 = 5,155,555 ÷ 6,863,564
Dec 31, 2016 1.07 = 6,209,536 ÷ 5,788,865
Dec 31, 2015 0.62 = 3,271,222 ÷ 5,298,947
Dec 31, 2014 0.47 = 2,214,123 ÷ 4,755,360
Dec 31, 2013 0.59 = 2,464,852 ÷ 4,213,050
Dec 31, 2012 0.55 = 2,022,122 ÷ 3,687,726
Dec 31, 2011 0.34 = 1,085,016 ÷ 3,195,096
Dec 31, 2010 0.49 = 1,341,045 ÷ 2,750,907
Dec 31, 2009 0.48 = 1,153,758 ÷ 2,421,490
Dec 31, 2008 0.63 = 1,267,516 ÷ 2,003,738
Dec 31, 2007 0.59 = 1,058,592 ÷ 1,789,806
Dec 31, 2006 0.69 = 1,026,792 ÷ 1,486,839
Dec 31, 2005 0.72 = 894,271 ÷ 1,249,788

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 financial trajectory from 2005 to 2022 is characterized by a substantial expansion of the balance sheet, with both long-term debt and stockholders' equity experiencing significant growth. Stockholders' equity demonstrated a consistent and nearly linear upward trend, rising from approximately $1.25 billion in 2005 to $16.04 billion by 2022. Long-term debt also increased over the period, though its growth was more volatile, peaking at $9.57 billion in 2019 before trending downward to $6.66 billion in 2022.

Debt to Equity Ratio Volatility
The debt to equity ratio exhibited cyclical fluctuations rather than a singular direction. An initial deleveraging phase occurred between 2005 and 2011, during which the ratio declined from 0.72 to a period low of 0.34. This was followed by a period of increased leverage, culminating in a peak ratio of 1.07 in 2016, indicating that debt exceeded equity for the first time in the observed period.
Leverage Peaks and Corrections
Two distinct spikes in leverage are observable. The first occurred in 2016 (1.07) and the second in 2019 (0.91). These peaks were followed by corrective phases where the ratio declined. Following the 2019 spike, a sharp reduction in leverage was observed, with the ratio dropping to 0.69 in 2020 and further to 0.42 by 2022.
Capital Structure Stabilization
The most recent data suggests a shift toward a more equity-heavy capital structure. Between 2020 and 2022, stockholders' equity grew by approximately $4.5 billion while long-term debt decreased by approximately $1.3 billion. This dual movement resulted in the 2022 debt to equity ratio of 0.42, representing one of the lowest leverage levels since 2011.

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Comparison to Competitors

Roper Technologies Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Roper Technologies Inc. Apple Inc. Arista Networks Inc. Cisco Systems Inc. Dell Technologies Inc. Lumentum Holdings Inc. Super Micro Computer Inc.
Dec 31, 2022 0.42 2.37 0.00 0.24 — 1.00 0.42
Dec 31, 2021 0.69 1.98 0.00 0.28 19.36 0.60 0.09
Dec 31, 2020 0.91 1.72 0.00 0.38 — 0.64 0.03
Dec 31, 2019 0.56 1.19 0.00 0.73 — 0.56 0.03
Dec 31, 2018 0.64 1.07 0.02 0.59 — 0.36 0.14
Dec 31, 2017 0.75 0.86 0.02 0.51 — 0.51 0.21
Dec 31, 2016 1.07 0.68 0.04 0.45 — 0.00 0.13
Dec 31, 2015 0.62 0.54 0.05 0.42 — 0.00 0.15
Dec 31, 2014 0.47 0.32 0.08 0.37 — — 0.10
Dec 31, 2013 0.59 0.14 — 0.27 — — 0.09
Dec 31, 2012 0.55 0.00 — 0.32 — — 0.10
Dec 31, 2011 0.34 0.00 — 0.36 — — 0.10
Dec 31, 2010 0.49 0.00 — 0.35 — — 0.08
Dec 31, 2009 0.48 0.00 — 0.27 — — 0.06
Dec 31, 2008 0.63 0.00 — 0.20 — — 0.07
Dec 31, 2007 0.59 0.00 — 0.20 — — 0.10
Dec 31, 2006 0.69 0.00 — 0.26 — — —
Dec 31, 2005 0.72 0.00 — 0.00 — — —

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., debt to equity, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel
Roper Technologies Inc. Technology Hardware & Equipment
Dec 31, 2022 0.42 1.64
Dec 31, 2021 0.69 1.63
Dec 31, 2020 0.91 1.67
Dec 31, 2019 0.56 1.51
Dec 31, 2018 0.64 0.91
Dec 31, 2017 0.75 0.74
Dec 31, 2016 1.07 0.60
Dec 31, 2015 0.62 0.50
Dec 31, 2014 0.47 0.33
Dec 31, 2013 0.59 0.18
Dec 31, 2012 0.55 0.10
Dec 31, 2011 0.34 0.14
Dec 31, 2010 0.49 0.17
Dec 31, 2009 0.48 0.15
Dec 31, 2008 0.63 0.12
Dec 31, 2007 0.59 0.14
Dec 31, 2006 0.69 0.19
Dec 31, 2005 0.72 0.00

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., debt to equity, long-term trends, comparison to industry (information technology)

Microsoft Excel
Roper Technologies Inc. Information Technology
Dec 31, 2022 0.42 0.70
Dec 31, 2021 0.69 0.82
Dec 31, 2020 0.91 0.95
Dec 31, 2019 0.56 0.97
Dec 31, 2018 0.64 0.82
Dec 31, 2017 0.75 0.80
Dec 31, 2016 1.07 0.65
Dec 31, 2015 0.62 0.56
Dec 31, 2014 0.47 0.38
Dec 31, 2013 0.59 0.28
Dec 31, 2012 0.55 0.24
Dec 31, 2011 0.34 0.27
Dec 31, 2010 0.49 0.24
Dec 31, 2009 0.48 0.25
Dec 31, 2008 0.63 0.28
Dec 31, 2007 0.59 0.26
Dec 31, 2006 0.69 0.19
Dec 31, 2005 0.72 0.15

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).