Rogers Corporation (ROG)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	159,800	131,700	235,850	232,296	191,785
Short-term investments	US$ in thousands	—	—	—	—	15,248
Total current liabilities	US$ in thousands	123,500	116,400	142,537	163,949	111,509
Cash ratio		1.29	1.13	1.65	1.42	1.86

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($159,800K + $—K) ÷ $123,500K
= 1.29

The cash ratio of Rogers Corporation has fluctuated over the past five years. As of December 31, 2020, the company had a healthy cash ratio of 1.86, indicating that it had $1.86 in cash and cash equivalents for every dollar of current liabilities. However, by December 31, 2021, the cash ratio decreased to 1.42, suggesting a slight reduction in the company's ability to cover its short-term obligations with its available cash.

Subsequently, there was an increase in the cash ratio to 1.65 by December 31, 2022, indicating an improvement in the company's liquidity position. However, the trend reversed in the following year, with the cash ratio dropping to 1.13 as of December 31, 2023. This significant decrease might raise concerns about the company's ability to meet its short-term financial obligations using its current cash holdings.

Nonetheless, by December 31, 2024, the cash ratio recovered slightly to 1.29, although it remained below the levels seen in earlier years. Overall, the fluctuations in Rogers Corporation's cash ratio suggest varying degrees of liquidity and ability to cover its short-term liabilities with cash over the analyzed period.