Rogers Corporation (ROG)
Debt-to-equity 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-equity ratio | 0.02 | 0.18 | 0.17 | 0.02 | 0.13 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $30,000K ÷ $1,259,000K
= 0.02
The debt-to-equity ratio of Rogers Corp. has displayed fluctuations over the past five years, ranging from as low as 0.02 to as high as 0.18. In 2023, the ratio significantly decreased to 0.02 from 0.18 in 2022, indicating a substantial decrease in the company's debt relative to equity. The sharp decrease from the previous year could suggest that Rogers Corp. has either reduced its debt level, increased its equity through investments or retained earnings, or a combination of both. The ratio of 0.02 in 2023 suggests that the company is relying more on equity financing rather than debt to fund its operations, which may indicate a stronger financial position and lower financial risk. Overall, the downward trend in the debt-to-equity ratio over the past five years demonstrates a favorable shift towards a more balanced capital structure for Rogers Corp.
Peer comparison
Dec 31, 2023