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.
Peer comparison
Dec 31, 2023