Rogers Corporation (ROG)

Debt-to-equity 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-equity ratio		0.02	0.07	0.11	0.16	0.18	0.27	0.23	0.17	0.17	0.00	0.00	0.00	0.02	0.06	0.23	0.29	0.13	0.14	0.22	0.26

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $30,000K ÷ $1,259,000K
= 0.02

Rogers Corp.'s debt-to-equity ratio has been fluctuating over the past eight quarters. The ratio decreased from 0.18 in Q4 2022 to 0.02 in Q4 2023, indicating a significant reduction in debt relative to equity. This suggests that the company has been reducing its reliance on debt financing during this period. However, the ratio slightly increased in subsequent quarters, reaching 0.16 in Q1 2023. Subsequently, there was a gradual increase in the ratio, peaking at 0.27 in Q3 2022, before declining to 0.17 in Q1 2022.

Overall, the trend in Rogers Corp.'s debt-to-equity ratio shows a mix of decreases and increases, reflecting varying levels of debt and equity in the company's capital structure over the analyzed period. It is important to monitor this ratio in conjunction with other financial metrics to assess the company's financial health and risk profile effectively.