Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Roper Technologies Inc., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Roper Technologies Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Roper Technologies Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Roper Technologies Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Roper Technologies Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Roper Technologies Inc. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Roper Technologies Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Roper Technologies Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Roper Technologies Inc. interest coverage ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Roper Technologies Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity
Roper Technologies Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.42 | 0.69 | 0.91 | 0.56 | 0.64 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Apple Inc. | 2.39 | 1.99 | 1.73 | 1.19 | — | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.24 | 0.28 | 0.38 | 0.73 | — | |
| Super Micro Computer Inc. | 0.42 | 0.09 | 0.03 | 0.03 | 0.14 | |
| Debt to Equity, Sector | ||||||
| Technology Hardware & Equipment | 1.36 | 1.25 | 1.19 | 1.04 | — | |
| Debt to Equity, Industry | ||||||
| Information Technology | 0.67 | 0.76 | 0.87 | 0.87 | — | |
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).
1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 6,661,700 ÷ 16,037,800 = 0.42
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Roper Technologies Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Roper Technologies Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Current operating lease liabilities | 46,400) | 51,400) | 65,100) | 56,800) | —) | |
| Noncurrent operating lease liabilities (included in Other liabilities) | 164,200) | 180,900) | 219,200) | 220,000) | —) | |
| Total debt (including operating lease liability) | 6,872,300) | 8,154,100) | 9,850,800) | 5,552,100) | 4,941,700) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.43 | 0.71 | 0.94 | 0.58 | 0.64 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Apple Inc. | 2.61 | 2.16 | 1.87 | 1.19 | — | |
| Arista Networks Inc. | 0.01 | 0.02 | 0.03 | 0.03 | — | |
| Cisco Systems Inc. | 0.27 | 0.31 | 0.41 | 0.73 | — | |
| Super Micro Computer Inc. | 0.44 | 0.11 | 0.05 | 0.03 | 0.14 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Technology Hardware & Equipment | 1.49 | 1.37 | 1.28 | 1.04 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.73 | 0.83 | 0.94 | 0.90 | — | |
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).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 6,872,300 ÷ 16,037,800 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Roper Technologies Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital
Roper Technologies Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Total capital | 22,699,500) | 19,485,600) | 20,046,300) | 14,767,200) | 12,680,200) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.29 | 0.41 | 0.48 | 0.36 | 0.39 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Apple Inc. | 0.70 | 0.67 | 0.63 | 0.54 | — | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.19 | 0.22 | 0.28 | 0.42 | — | |
| Super Micro Computer Inc. | 0.30 | 0.08 | 0.03 | 0.02 | 0.12 | |
| Debt to Capital, Sector | ||||||
| Technology Hardware & Equipment | 0.58 | 0.56 | 0.54 | 0.51 | — | |
| Debt to Capital, Industry | ||||||
| Information Technology | 0.40 | 0.43 | 0.47 | 0.46 | — | |
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).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,661,700 ÷ 22,699,500 = 0.29
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Roper Technologies Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Roper Technologies Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Current operating lease liabilities | 46,400) | 51,400) | 65,100) | 56,800) | —) | |
| Noncurrent operating lease liabilities (included in Other liabilities) | 164,200) | 180,900) | 219,200) | 220,000) | —) | |
| Total debt (including operating lease liability) | 6,872,300) | 8,154,100) | 9,850,800) | 5,552,100) | 4,941,700) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Total capital (including operating lease liability) | 22,910,100) | 19,717,900) | 20,330,600) | 15,044,000) | 12,680,200) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.30 | 0.41 | 0.48 | 0.37 | 0.39 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Apple Inc. | 0.72 | 0.68 | 0.65 | 0.54 | — | |
| Arista Networks Inc. | 0.01 | 0.02 | 0.03 | 0.03 | — | |
| Cisco Systems Inc. | 0.21 | 0.24 | 0.29 | 0.42 | — | |
| Super Micro Computer Inc. | 0.30 | 0.10 | 0.05 | 0.02 | 0.12 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Technology Hardware & Equipment | 0.60 | 0.58 | 0.56 | 0.51 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.42 | 0.45 | 0.49 | 0.47 | — | |
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).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 6,872,300 ÷ 22,910,100 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Roper Technologies Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets
Roper Technologies Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Total assets | 26,980,800) | 23,713,900) | 24,024,800) | 18,108,900) | 15,249,500) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.25 | 0.33 | 0.40 | 0.29 | 0.32 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Apple Inc. | 0.34 | 0.36 | 0.35 | 0.32 | — | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.10 | 0.12 | 0.15 | 0.25 | — | |
| Super Micro Computer Inc. | 0.19 | 0.04 | 0.02 | 0.01 | 0.07 | |
| Debt to Assets, Sector | ||||||
| Technology Hardware & Equipment | 0.29 | 0.30 | 0.30 | 0.30 | — | |
| Debt to Assets, Industry | ||||||
| Information Technology | 0.26 | 0.28 | 0.30 | 0.30 | — | |
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).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 6,661,700 ÷ 26,980,800 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Roper Technologies Inc. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Roper Technologies Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current portion of long-term debt, net | 699,200) | 799,200) | 502,000) | 602,200) | 1,500) | |
| Long-term debt, net of current portion | 5,962,500) | 7,122,600) | 9,064,500) | 4,673,100) | 4,940,200) | |
| Total debt | 6,661,700) | 7,921,800) | 9,566,500) | 5,275,300) | 4,941,700) | |
| Current operating lease liabilities | 46,400) | 51,400) | 65,100) | 56,800) | —) | |
| Noncurrent operating lease liabilities (included in Other liabilities) | 164,200) | 180,900) | 219,200) | 220,000) | —) | |
| Total debt (including operating lease liability) | 6,872,300) | 8,154,100) | 9,850,800) | 5,552,100) | 4,941,700) | |
| Total assets | 26,980,800) | 23,713,900) | 24,024,800) | 18,108,900) | 15,249,500) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.25 | 0.34 | 0.41 | 0.31 | 0.32 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Apple Inc. | 0.38 | 0.39 | 0.38 | 0.32 | — | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.02 | 0.02 | — | |
| Cisco Systems Inc. | 0.11 | 0.13 | 0.16 | 0.25 | — | |
| Super Micro Computer Inc. | 0.19 | 0.05 | 0.03 | 0.01 | 0.07 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Technology Hardware & Equipment | 0.31 | 0.33 | 0.32 | 0.30 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.29 | 0.31 | 0.33 | 0.31 | — | |
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).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 6,872,300 ÷ 26,980,800 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Roper Technologies Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Financial Leverage
Roper Technologies Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 26,980,800) | 23,713,900) | 24,024,800) | 18,108,900) | 15,249,500) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.68 | 2.05 | 2.29 | 1.91 | 1.97 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Apple Inc. | 6.96 | 5.56 | 4.96 | 3.74 | — | |
| Arista Networks Inc. | 1.39 | 1.44 | 1.43 | 1.45 | — | |
| Cisco Systems Inc. | 2.36 | 2.36 | 2.50 | 2.91 | — | |
| Super Micro Computer Inc. | 2.25 | 2.05 | 1.80 | 1.79 | 2.10 | |
| Financial Leverage, Sector | ||||||
| Technology Hardware & Equipment | 4.72 | 4.17 | 3.95 | 3.46 | — | |
| Financial Leverage, Industry | ||||||
| Information Technology | 2.56 | 2.71 | 2.90 | 2.86 | — | |
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).
1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 26,980,800 ÷ 16,037,800 = 1.68
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Roper Technologies Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Roper Technologies Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net earnings | 4,544,700) | 1,152,600) | 949,700) | 1,767,900) | 944,400) | |
| Less: Net earnings from discontinued operations | 3,559,100) | 170,000) | —) | —) | —) | |
| Add: Income tax expense | 296,400) | 288,400) | 259,600) | 459,500) | 254,000) | |
| Add: Interest expense, net | 192,400) | 234,100) | 218,900) | 186,600) | 182,100) | |
| Earnings before interest and tax (EBIT) | 1,474,400) | 1,505,100) | 1,428,200) | 2,414,000) | 1,380,500) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 7.66 | 6.43 | 6.52 | 12.94 | 7.58 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Apple Inc. | 41.64 | 42.29 | 24.35 | 19.38 | — | |
| Arista Networks Inc. | — | — | — | — | — | |
| Cisco Systems Inc. | 41.21 | 31.56 | 24.88 | 17.96 | — | |
| Super Micro Computer Inc. | 53.71 | 48.81 | 40.01 | 13.97 | 15.78 | |
| Interest Coverage, Sector | ||||||
| Technology Hardware & Equipment | 42.09 | 41.08 | 24.67 | 19.29 | — | |
| Interest Coverage, Industry | ||||||
| Information Technology | 24.65 | 23.05 | 16.83 | 15.85 | — | |
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).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,474,400 ÷ 192,400 = 7.66
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Roper Technologies Inc. interest coverage ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Fixed Charge Coverage
Roper Technologies Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net earnings | 4,544,700) | 1,152,600) | 949,700) | 1,767,900) | 944,400) | |
| Less: Net earnings from discontinued operations | 3,559,100) | 170,000) | —) | —) | —) | |
| Add: Income tax expense | 296,400) | 288,400) | 259,600) | 459,500) | 254,000) | |
| Add: Interest expense, net | 192,400) | 234,100) | 218,900) | 186,600) | 182,100) | |
| Earnings before interest and tax (EBIT) | 1,474,400) | 1,505,100) | 1,428,200) | 2,414,000) | 1,380,500) | |
| Add: Operating lease expense | 48,700) | 64,600) | 68,500) | 65,900) | 61,700) | |
| Earnings before fixed charges and tax | 1,523,100) | 1,569,700) | 1,496,700) | 2,479,900) | 1,442,200) | |
| Interest expense, net | 192,400) | 234,100) | 218,900) | 186,600) | 182,100) | |
| Operating lease expense | 48,700) | 64,600) | 68,500) | 65,900) | 61,700) | |
| Fixed charges | 241,100) | 298,700) | 287,400) | 252,500) | 243,800) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 6.32 | 5.26 | 5.21 | 9.82 | 5.92 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Apple Inc. | 25.65 | 26.13 | 16.34 | 14.48 | — | |
| Arista Networks Inc. | 49.20 | 31.02 | 24.95 | 30.94 | — | |
| Cisco Systems Inc. | 20.30 | 16.92 | 14.79 | 12.28 | — | |
| Super Micro Computer Inc. | 24.03 | 12.52 | 10.45 | 7.48 | 8.28 | |
| Fixed Charge Coverage, Sector | ||||||
| Technology Hardware & Equipment | 25.07 | 24.67 | 16.09 | 14.08 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Information Technology | 14.17 | 13.49 | 10.22 | 10.45 | — | |
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).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 1,523,100 ÷ 241,100 = 6.32
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Roper Technologies Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |