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