Rogers Corporation (ROG)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	30,000	80,000	130,000	190,000	215,000	290,000	260,000	190,000	190,000	0	0	4,000	25,000	60,000	223,000	273,000	123,000	130,500	195,500	223,482
Total assets	US$ in thousands	1,517,200	1,520,870	1,568,380	1,611,530	1,646,200	1,625,790	1,632,270	1,593,260	1,598,570	1,346,040	1,313,480	1,282,220	1,264,000	1,272,040	1,400,540	1,426,420	1,273,180	1,249,720	1,307,350	1,299,390
Debt-to-assets ratio		0.02	0.05	0.08	0.12	0.13	0.18	0.16	0.12	0.12	0.00	0.00	0.00	0.02	0.05	0.16	0.19	0.10	0.10	0.15	0.17

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $30,000K ÷ $1,517,200K
= 0.02

The debt-to-assets ratio of Rogers Corp. has fluctuated over the past eight quarters, ranging from 0.02 to 0.18. This ratio indicates the proportion of the company's total assets that are financed by debt. A lower ratio suggests a lower dependency on debt for funding operations and a stronger financial position.

In Q4 2023, the company's debt-to-assets ratio was at its lowest point of 0.02, indicating that only 2% of its assets were financed by debt. This could be seen as a positive sign, as the company has a stronger equity position compared to previous quarters.

In contrast, Q3 2022 had the highest debt-to-assets ratio of 0.18, signifying that 18% of the company's assets were funded through debt. This could indicate a higher risk level associated with the company's financial structure during that period.

Overall, the downward trend in the debt-to-assets ratio from Q3 2022 to Q4 2023 suggests that Rogers Corp. has been reducing its reliance on debt financing, which may lead to improved financial stability and reduced financial risk in the future. However, it is essential to closely monitor future quarters to assess the company's ongoing debt management strategies and financial health.