Rogers Corporation (ROG)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	159,800	146,400	119,900	116,900	131,700	126,455	141,452	193,724	235,850	236,461	225,332	182,144	232,296	220,901	203,945	199,109	191,785	186,123	298,742	308,277
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	16,904	14,948	15,248	12,755	—	—
Total current liabilities	US$ in thousands	123,500	122,500	116,500	117,000	116,400	116,137	118,580	127,478	142,537	137,916	154,948	161,166	163,949	138,242	127,022	129,562	111,509	106,356	96,865	97,339
Cash ratio		1.29	1.20	1.03	1.00	1.13	1.09	1.19	1.52	1.65	1.71	1.45	1.13	1.42	1.60	1.74	1.65	1.86	1.87	3.08	3.17

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 shown a decreasing trend from March 31, 2020, where it was 3.17, to December 31, 2024, where it stood at 1.29. The cash ratio measures a company's ability to pay off its current liabilities with its available cash and cash equivalents.

A high cash ratio is generally favorable as it indicates that the company has a strong ability to cover its short-term liabilities. However, a decreasing cash ratio over time may signal a decline in the company's liquidity position or a shift in its financial strategy.

Rogers Corporation's cash ratio fluctuated throughout the period under review, with some quarters showing slight improvements while others experienced declines. It is essential for the company to closely monitor its cash management practices to ensure that it maintains a healthy cash position to meet its short-term financial obligations.