Rogers Corporation (ROG)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 159,800 131,700 235,850 232,296 191,785
Short-term investments US$ in thousands 15,248
Receivables US$ in thousands
Total current liabilities US$ in thousands 123,500 116,400 142,537 163,949 111,509
Quick ratio 1.29 1.13 1.65 1.42 1.86

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($159,800K + $—K + $—K) ÷ $123,500K
= 1.29

The quick ratio of Rogers Corporation has shown some fluctuations over the past five years. In 2020, the quick ratio was 1.86, indicating that the company had $1.86 of liquid assets to cover each dollar of current liabilities. However, in 2021, the quick ratio decreased to 1.42, suggesting a decrease in the company's ability to meet its short-term obligations with its quick assets.

Subsequently, in 2022, the quick ratio improved to 1.65, showing a recovery in the company's short-term liquidity position. However, in 2023, the quick ratio dropped to 1.13, signaling a potential strain on the company's ability to pay off its current liabilities with its quick assets.

By 2024, the quick ratio increased to 1.29, indicating a slight improvement in the company's liquidity position compared to the previous year. Overall, while the quick ratio of Rogers Corporation has experienced variations, it is important to continue monitoring this ratio to ensure the company maintains a healthy liquidity position to meet its short-term obligations effectively.