Rogers Corporation (ROG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,259,000 | 1,210,610 | 1,205,620 | 1,178,260 | 1,172,500 | 1,089,850 | 1,106,570 | 1,117,480 | 1,118,900 | 1,099,260 | 1,076,660 | 1,040,860 | 1,020,760 | 987,024 | 962,582 | 937,809 | 933,900 | 914,634 | 897,514 | 868,322 |
| Debt-to-capital ratio | 0.02 | 0.06 | 0.10 | 0.14 | 0.15 | 0.21 | 0.19 | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 | 0.02 | 0.06 | 0.19 | 0.23 | 0.12 | 0.12 | 0.18 | 0.20 |
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 been fluctuating over the past eight quarters. In Q4 2023, the ratio was recorded at 0.02, which indicates that only 2% of the company's capital is financed through debt. This represents a significant decrease from the previous quarter, Q3 2023, where the ratio was 0.06.
The trend of decreasing debt-to-capital ratio from Q3 2023 to Q4 2023 suggests that Rogers Corp. has been reducing its reliance on debt to finance its operations and investments. This can be a positive sign for investors and creditors as it signifies lower financial risk for the company.
Looking back over the last year, the ratio has generally been declining since Q2 2022 when it was at its peak of 0.21. This downward trend may indicate improved financial stability and a stronger capital structure for Rogers Corp.
Overall, the decreasing trend in the debt-to-capital ratio of Rogers Corp. signals a potentially favorable financial position for the company as it indicates a lower level of debt relative to its capital base.
Peer comparison
Dec 31, 2023