Rogers Corporation (ROG)

Interest coverage

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	35,900	68,695	83,452	99,071	87,100	139,169	128,783	122,794	148,894	79,589	97,555	112,607	126,592	150,336	144,802	131,545	109,126	35,436	35,359	45,722
Interest expense (ttm)	US$ in thousands	1,600	3,095	5,195	7,732	10,394	12,687	13,229	11,940	9,476	6,572	4,071	2,927	2,553	2,065	5,177	6,683	7,266	7,816	6,290	6,638
Interest coverage		22.44	22.20	16.06	12.81	8.38	10.97	9.73	10.28	15.71	12.11	23.96	38.47	49.59	72.80	27.97	19.68	15.02	4.53	5.62	6.89

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $35,900K ÷ $1,600K
= 22.44

The interest coverage ratio of Rogers Corporation has exhibited fluctuations over the reporting periods provided. The ratio represents the company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).

From March 31, 2020, to September 30, 2021, the interest coverage ratio showed a declining trend, indicating potential challenges in meeting interest payments from operating earnings during this period. However, starting from December 31, 2021, there was a significant improvement in the ratio, reaching its peak at 72.80 on September 30, 2021, suggesting the company had ample earnings to cover its interest expenses.

Subsequently, the interest coverage ratio experienced a decline after September 30, 2021, but generally remained above 10, indicating a healthy capacity to cover interest payments. Notably, there were fluctuations in the ratio, with peaks and troughs observed over the following quarters.

Overall, the interest coverage ratio of Rogers Corporation displayed variability, emphasizing the importance of monitoring the company's ability to generate sufficient earnings to meet its interest obligations.