Rogers Corporation (ROG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.02 | 0.05 | 0.08 | 0.12 | 0.13 | 0.18 | 0.16 | 0.12 | 0.12 | 0.00 | 0.00 | 0.00 | 0.02 | 0.05 | 0.16 | 0.19 | 0.10 | 0.10 | 0.15 | 0.17 |
| Debt-to-capital ratio | 0.02 | 0.06 | 0.10 | 0.14 | 0.15 | 0.21 | 0.19 | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 | 0.02 | 0.06 | 0.19 | 0.23 | 0.12 | 0.12 | 0.18 | 0.20 |
| 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 |
| 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 |
Rogers Corp.'s solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown a declining trend over the quarters, indicating that the company has been effectively managing its debt in relation to its total assets. This decreasing trend suggests a stronger financial position, as the company is relying less on debt to finance its operations.
The debt-to-capital ratio also demonstrates a decreasing trend, signifying that the company has been reducing its reliance on debt to fund its operations in relation to its total capital. This trend suggests improved financial stability and a lower risk of financial distress in the future.
Similarly, the debt-to-equity ratio has shown a downward trajectory, indicating a decrease in the proportion of debt relative to equity in the company's capital structure. This trend is positive as it implies a decreasing financial risk and indicates that the company is relying more on equity financing compared to debt.
The financial leverage ratio has also shown a decline over the quarters, indicating that the company has been reducing its financial leverage and reliance on debt to finance its operations. A decreasing trend in the financial leverage ratio suggests a stronger equity position and lower financial risk for the company.
Overall, the declining trends in Rogers Corp.'s solvency ratios reflect a strengthened financial position and improved ability to meet its long-term financial obligations, demonstrating effective management of debt and capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.10 | 10.61 | 9.27 | 10.08 | 14.87 | 10.91 | 22.84 | 39.62 | 58.24 | 81.59 | 18.80 | 10.53 | 6.68 | 3.41 | 5.22 | 6.39 | 7.54 | 10.58 | 12.25 | 14.13 |
The interest coverage ratio for Rogers Corp. has been fluctuating over the past eight quarters. The ratio measures the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
In Q1 2022, Rogers Corp. had a high interest coverage ratio of 39.73, indicating that the company's EBIT was significantly higher than its interest expenses, providing a strong buffer against potential financial risks related to debt obligations.
However, in subsequent quarters, the interest coverage ratio declined, reaching a low of 4.63 in Q2 2023. This downward trend may signal a decrease in the company's ability to generate enough earnings to cover its interest costs, which could potentially raise concerns about its financial health and ability to service its debt obligations.
Overall, fluctuations in the interest coverage ratio for Rogers Corp. suggest varying levels of financial stability and operational performance over the quarters analyzed. Further monitoring and analysis of the company's financial results and debt management practices are recommended to assess its long-term sustainability.