Debt to Equity
since 2005
Calculation
Roper Technologies Inc., debt to equity, long-term trends, calculation
| 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 analysis of the financial data reveals distinct trends in the company's capital structure, specifically in long-term debt, stockholders' equity, and the debt-to-equity ratio over the period under review.
- Long-term Debt
- The long-term debt exhibits a generally upward trajectory from 2005 through 2020, with some notable fluctuations. Starting at approximately $894 million in 2005, it increases moderately until 2011, after which a significant jump occurs in 2012, more than doubling to over $2 billion. This elevated level is sustained with some volatility, peaking at around $9.57 billion in 2020. Thereafter, the debt declines substantially, falling to about $6.66 billion by 2022.
- Stockholders' Equity
- Stockholders' equity shows a consistent and steady increase throughout the entire period. Beginning at about $1.25 billion in 2005, there is a continuous accumulation of equity year over year, culminating in a value close to $16.04 billion by the end of 2022. The growth rate appears relatively accelerated starting around 2016, indicating strong retention of earnings or additional equity issuances contributing to the overall equity base expansion.
- Debt to Equity Ratio
- The debt-to-equity ratio exhibits variability reflecting changes in the interplay between the company’s debt and equity financing. Initially, this ratio declines from 0.72 in 2005 to a low near 0.34 by 2011, indicating a conservative leverage stance. However, in 2012, the ratio spikes sharply to 1.07, consistent with the large increase in long-term debt. Following this peak, the ratio steadily decreases, reaching its lowest point of 0.42 by 2022, which suggests a reduction in leverage and a stronger equity position relative to debt.
Overall, the company appears to have undertaken periods of increased leverage, particularly circa 2012 and 2020, possibly reflecting strategic borrowings or acquisitions funded through debt. The strong, persistent growth in equity provides a solid financial foundation, reducing risk associated with debt obligations over time. The declining debt-to-equity ratio in the latter years signals a shift toward lower leverage and potentially improved financial stability.
Comparison to Competitors
Roper Technologies Inc., debt to equity, long-term trends, comparison to competitors
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.42 | 2.37 | 0.00 | 0.24 | — | 0.42 |
| Dec 31, 2021 | 0.69 | 1.98 | 0.00 | 0.28 | 19.36 | 0.09 |
| Dec 31, 2020 | 0.91 | 1.72 | 0.00 | 0.38 | — | 0.03 |
| Dec 31, 2019 | 0.56 | 1.19 | 0.00 | 0.73 | — | 0.03 |
| Dec 31, 2018 | 0.64 | 1.07 | 0.02 | 0.59 | — | 0.14 |
| Dec 31, 2017 | 0.75 | 0.86 | 0.02 | 0.51 | — | 0.21 |
| Dec 31, 2016 | 1.07 | 0.68 | 0.04 | 0.45 | — | 0.13 |
| Dec 31, 2015 | 0.62 | 0.54 | 0.05 | 0.42 | — | 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)
| Roper Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2022 | 0.42 | 1.65 |
| Dec 31, 2021 | 0.69 | 1.65 |
| Dec 31, 2020 | 0.91 | 1.69 |
| Dec 31, 2019 | 0.56 | 1.53 |
| 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)
| Roper Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.42 | 0.70 |
| Dec 31, 2021 | 0.69 | 0.83 |
| Dec 31, 2020 | 0.91 | 0.97 |
| Dec 31, 2019 | 0.56 | 0.98 |
| Dec 31, 2018 | 0.64 | 0.83 |
| Dec 31, 2017 | 0.75 | 0.81 |
| Dec 31, 2016 | 1.07 | 0.66 |
| Dec 31, 2015 | 0.62 | 0.56 |
| Dec 31, 2014 | 0.47 | 0.39 |
| Dec 31, 2013 | 0.59 | 0.29 |
| Dec 31, 2012 | 0.55 | 0.25 |
| Dec 31, 2011 | 0.34 | 0.27 |
| Dec 31, 2010 | 0.49 | 0.25 |
| Dec 31, 2009 | 0.48 | 0.26 |
| Dec 31, 2008 | 0.63 | 0.29 |
| Dec 31, 2007 | 0.59 | 0.27 |
| Dec 31, 2006 | 0.69 | 0.20 |
| 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).