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.