Rogers Corporation (ROG)

Current 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
Total current assets	US$ in thousands	493,900	521,200	502,100	501,400	526,900	554,797	582,779	611,881	659,867	637,678	635,696	576,529	584,065	554,565	525,125	505,780	474,175	474,443	590,690	621,293
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
Current ratio		4.00	4.25	4.31	4.29	4.53	4.78	4.91	4.80	4.63	4.62	4.10	3.58	3.56	4.01	4.13	3.90	4.25	4.46	6.10	6.38

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $493,900K ÷ $123,500K
= 4.00

The current ratio of Rogers Corporation, which measures the company's ability to meet its short-term obligations with its current assets, has shown a decreasing trend over the past few years. From a high of 6.38 as of March 31, 2020, the current ratio has gradually declined to 4.00 as of December 31, 2024.

A current ratio above 1 indicates that a company has more current assets than current liabilities, suggesting a strong short-term financial position. Although Rogers Corporation has maintained a current ratio above 1 throughout the period, the downward trend may raise concerns about its liquidity and ability to cover short-term obligations.

The company's current ratio peaked in the first quarter of 2020 and has since experienced fluctuations but generally trended downwards. While a current ratio above 2 is often considered healthy, Rogers Corporation's current ratio has been hovering around 4 in recent quarters, suggesting that the company may have more than enough current assets to cover its short-term liabilities.

However, it is essential to further analyze the composition of the current assets and liabilities, as well as other liquidity ratios, to gain a comprehensive understanding of Rogers Corporation's overall liquidity position and its ability to manage short-term financial obligations effectively.