Rogers Corporation (ROG)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,517,200 | 1,646,200 | 1,598,570 | 1,264,000 | 1,273,180 |
| Total stockholders’ equity | US$ in thousands | 1,259,000 | 1,172,500 | 1,118,900 | 1,020,760 | 933,900 |
| Financial leverage ratio | 1.21 | 1.40 | 1.43 | 1.24 | 1.36 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,517,200K ÷ $1,259,000K
= 1.21
The financial leverage ratio of Rogers Corp. has exhibited fluctuating trends over the past five years. The ratio declined from 1.36 in 2019 to 1.24 in 2020, indicating a decrease in the company's reliance on debt to finance its operations during that period. However, there was an increase in leverage in 2021, with the ratio reaching 1.43, which suggests a higher level of debt utilization relative to equity.
In 2022, there was a notable decrease in the financial leverage ratio to 1.40, indicating a slight reduction in debt dependency compared to the previous year. The most recent data for 2023 shows a further decrease in leverage, with the ratio standing at 1.21. This suggests that the company has lowered its reliance on debt financing, potentially signaling a more conservative financial strategy or improved financial health.
Overall, the fluctuating nature of Rogers Corp.'s financial leverage ratio indicates changes in the company's capital structure and borrowing decisions over the years. It is essential for stakeholders to closely monitor these ratios to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2023