Rogers Corporation (ROG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.18 | 1.18 | 1.18 | 1.18 | 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 |
The solvency ratios of Rogers Corporation indicate a consistently strong financial position with little to no debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 throughout the disclosed periods, suggesting that the company is not heavily reliant on borrowed funds to finance its operations.
The Financial Leverage ratio, which measures the extent to which the firm relies on debt in its capital structure, has been relatively stable over the years, with a slight decrease from 1.52 in March 2020 to 1.18 by December 2024. This indicates that the company has been gradually reducing its financial leverage, which could further strengthen its solvency position and reduce financial risk.
Overall, the solvency ratios reflect a prudent approach to managing the company's financial obligations and a strong ability to meet its long-term debt commitments. Investors and stakeholders can have confidence in the company's ability to weather economic uncertainties and maintain a stable financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio is a crucial financial metric that indicates a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. In the case of Rogers Corporation, the interest coverage ratio fluctuated over the period analyzed.
Looking at the data provided, we observe that the interest coverage ratio for Rogers Corporation was relatively stable around moderate levels during the earlier periods, ranging between approximately 4.53 to 27.97 from March 2020 to June 2021. This suggests the company had a reasonable ability to cover its interest expenses during this time.
Notably, there was a significant improvement in the interest coverage ratio in the latter part of 2021, reaching a peak of 72.80 in September 2021. This surge indicates a substantial increase in the company's ability to cover its interest payments, signaling improved financial health and reduced risk of default.
However, the interest coverage ratio started to decline gradually from the peak in September 2021, falling to 8.38 by December 2023. This downward trend signifies a weakening in the company's ability to cover its interest expenses efficiently.
The fluctuations observed in the interest coverage ratio for Rogers Corporation highlight the importance of monitoring this metric to assess the company's financial leverage and repayment capacity. It is essential for investors and creditors to pay close attention to changes in the interest coverage ratio to gauge the company's financial stability and potential risks associated with its debt obligations.