Rogers Corporation (ROG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 493,900 | 526,900 | 659,867 | 584,065 | 474,175 |
| Total current liabilities | US$ in thousands | 123,500 | 116,400 | 142,537 | 163,949 | 111,509 |
| Current ratio | 4.00 | 4.53 | 4.63 | 3.56 | 4.25 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $493,900K ÷ $123,500K
= 4.00
The current ratio of Rogers Corporation has shown a fluctuating trend over the past five years. As of December 31, 2020, the company's current ratio was 4.25, indicating a strong liquidity position, with current assets exceeding current liabilities by a significant margin. However, by December 31, 2021, the current ratio decreased to 3.56, suggesting a slight decrease in liquidity compared to the previous year.
Subsequently, the current ratio improved to 4.63 by December 31, 2022, reflecting a healthier liquidity position and potentially better ability to meet short-term obligations. However, in the following year, the current ratio dipped slightly to 4.53, though it remained at a relatively high level compared to industry benchmarks.
As of December 31, 2024, the current ratio stood at 4.00, indicating a slight decline in liquidity compared to the previous year. Overall, the current ratio of Rogers Corporation has demonstrated stability and generally remained above 3, which is considered a healthy level of liquidity. It is important for the company to maintain a strong current ratio to ensure its ability to cover short-term liabilities and operational expenses effectively.
Peer comparison
Dec 31, 2024