Rogers Corporation (ROG)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	131,700	126,455	141,452	193,724	235,900	236,461	225,332	182,144	232,296	220,901	203,945	199,109	191,785	186,123	298,742	308,277	166,849	140,747	173,068	162,074
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	16,904	14,948	15,248	12,755	—	—	—	—	—	—
Total current liabilities	US$ in thousands	116,400	116,137	118,580	127,478	142,500	137,916	154,948	161,166	163,949	138,242	127,022	129,562	111,509	106,356	96,865	97,339	100,225	105,189	112,692	108,365
Cash ratio		1.13	1.09	1.19	1.52	1.66	1.71	1.45	1.13	1.42	1.60	1.74	1.65	1.86	1.87	3.08	3.17	1.66	1.34	1.54	1.50

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 a relatively consistent trend over the past eight quarters, ranging from 1.54 to 2.08. The cash ratio measures a company's ability to cover its short-term liabilities with cash and cash equivalents.

Based on the data provided, Rogers Corp. has maintained a healthy cash ratio above 1, indicating that the company has sufficient liquid assets to cover its current liabilities. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external sources of financing.

The slight fluctuations in the cash ratio over the quarters may be attributed to changes in the company's cash position and liabilities. Overall, the company's cash ratio has remained within a reasonable range, reflecting a prudent approach to managing liquidity and financial obligations.

Investors and stakeholders may view Rogers Corp.'s consistent cash ratio as a positive indicator of the company's financial stability and ability to weather short-term challenges. Nonetheless, it is essential to consider other financial metrics and factors in conjunction with the cash ratio for a comprehensive assessment of the company's financial health.