Rogers Corporation (ROG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,517,200 | 1,520,870 | 1,568,380 | 1,611,530 | 1,646,200 | 1,625,790 | 1,632,270 | 1,593,260 | 1,598,570 | 1,346,040 | 1,313,480 | 1,282,220 | 1,264,000 | 1,272,040 | 1,400,540 | 1,426,420 | 1,273,180 | 1,249,720 | 1,307,350 | 1,299,390 |
| 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 |
| Financial leverage ratio | 1.21 | 1.26 | 1.30 | 1.37 | 1.40 | 1.49 | 1.48 | 1.43 | 1.43 | 1.22 | 1.22 | 1.23 | 1.24 | 1.29 | 1.45 | 1.52 | 1.36 | 1.37 | 1.46 | 1.50 |
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 been fluctuating over the past eight quarters, ranging from 1.21 to 1.40. This ratio indicates the extent to which the company relies on debt to finance its operations and growth. A higher financial leverage ratio suggests higher leverage or debt levels, which may increase financial risk due to higher interest payments and potential difficulties in meeting debt obligations.
From Q1 2022 to Q2 2023, the financial leverage ratio increased steadily from 1.43 to 1.30, reflecting a higher proportion of debt in the company's capital structure. However, in Q3 and Q4 2023, there was a slight decrease in the ratio, which could indicate a shift towards a more conservative capital structure or a reduction in debt levels.
Overall, the trend in the financial leverage ratio of Rogers Corp. shows some variability but with a general downward trend in recent quarters. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to manage its debt levels effectively and maintain financial stability.
Peer comparison
Dec 31, 2023