Rogers Corporation (ROG)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 131,700 | 235,900 | 232,296 | 191,785 | 166,849 |
| Short-term investments | US$ in thousands | — | — | — | 15,248 | — |
| Total current liabilities | US$ in thousands | 116,400 | 142,500 | 163,949 | 111,509 | 100,225 |
| Cash ratio | 1.13 | 1.66 | 1.42 | 1.86 | 1.66 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($131,700K
+ $—K)
÷ $116,400K
= 1.13
The cash ratio of Rogers Corp. has shown some fluctuations over the past five years. In 2023, the company's cash ratio was 1.78, a decrease from 2.08 in 2022. This indicates that the company had $1.78 of cash and cash equivalents for every $1 of current liabilities in 2023. Despite the slight decrease, the company still maintained a relatively strong liquidity position in 2023. Comparing to previous years, the cash ratio was also above 1.5, indicating a healthy level of liquidity overall. However, it's important to note that a decreasing trend in the cash ratio may potentially signal a reduced ability to cover short-term obligations with cash on hand. Further analysis of the company's cash management practices and overall financial health would be needed to fully assess the implications of these changes in the cash ratio over time.
Peer comparison
Dec 31, 2023