Rogers Corporation (ROG)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	526,900	659,900	584,065	474,175	464,102
Total current liabilities	US$ in thousands	116,400	142,500	163,949	111,509	100,225
Current ratio		4.53	4.63	3.56	4.25	4.63

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $526,900K ÷ $116,400K
= 4.53

The current ratio of Rogers Corp. has fluctuated over the past five years. In 2023, the current ratio stands at 4.53, which indicates that the company had $4.53 of current assets for every $1 of current liabilities. This suggests a healthy liquidity position, as the company has more than enough current assets to cover its short-term obligations. Despite the slight decrease from the previous year's ratio of 4.63, the current ratio remains strong.

Comparing to 2021 when the current ratio was 3.56, the company has significantly improved its liquidity position, showing a more robust ability to meet its short-term financial obligations. The current ratio in 2020 was 4.25, slightly lower than the current year but still considered healthy. In 2019, the current ratio was the same as in 2022 at 4.63, indicating consistent liquidity strength.

Overall, the trend in the current ratio of Rogers Corp. reflects a sound financial position with a comfortable buffer to cover its short-term liabilities. This liquidity strength is essential for the company to meet its operational needs, repay debts, and take advantage of potential investment opportunities.