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.
Peer comparison
Dec 31, 2023