Rogers Corporation (ROG)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 30,000 | 215,000 | 190,000 | 25,000 | 123,000 |
| Total stockholders’ equity | US$ in thousands | 1,259,000 | 1,172,500 | 1,118,900 | 1,020,760 | 933,900 |
| Debt-to-capital ratio | 0.02 | 0.15 | 0.15 | 0.02 | 0.12 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $30,000K ÷ ($30,000K + $1,259,000K)
= 0.02
The debt-to-capital ratio of Rogers Corp. has fluctuated over the past five years. As of December 31, 2023, the company's debt-to-capital ratio was 0.02, indicating a low level of debt relative to its total capital. This represents a significant decrease from the previous year when the ratio was 0.16, suggesting that the company has reduced its debt levels in relation to its total capital.
Looking further back, in 2021 the debt-to-capital ratio was 0.15, showing a moderate level of debt compared to capital. In 2020, the ratio was 0.02, similar to the current year's ratio, indicating a low debt burden. In 2019, the ratio stood at 0.12, reflecting a higher level of debt relative to capital than in the most recent year.
Overall, the trend in Rogers Corp.'s debt-to-capital ratio has been somewhat volatile, with fluctuations between low and moderate debt levels. The significant decrease in the ratio in 2023 suggests that the company has managed to decrease its reliance on debt financing and improve its overall financial stability.
Peer comparison
Dec 31, 2023