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Rogers Financial Strength

: 8 (As of Jun. 2022)
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Rogers has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Rogers Corp shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Rogers's Interest Coverage for the quarter that ended in Jun. 2022 was 14.43. Rogers's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.26. As of today, Rogers's Altman Z-Score is 7.73.


Competitive Comparison

For the Electronic Components subindustry, Rogers's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Rogers Financial Strength Distribution

For the Hardware industry and Technology sector, Rogers's Financial Strength distribution charts can be found below:

* The bar in red indicates where Rogers's Financial Strength falls into.



Rogers Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Rogers's Interest Expense for the months ended in Jun. 2022 was $-1.5 Mil. Its Operating Income for the months ended in Jun. 2022 was $22.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $260.0 Mil.

Rogers's Interest Coverage for the quarter that ended in Jun. 2022 is

Interest Coverage=-1*Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*22.33/-1.548
=14.43

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Rogers's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 260) / 1007.88
=0.26

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Rogers has a Z-score of 7.73, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 7.73 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Rogers  (NYSE:ROG) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Rogers has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Rogers Financial Strength Related Terms

Thank you for viewing the detailed overview of Rogers's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Rogers Business Description

Rogers logo
Traded in Other Exchanges
Address
2225 West Chandler Boulevard, Chandler, AZ, USA, 85224-6155
Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers. The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications. The firm generates revenue primarily in the United States, China, and Germany, but has a presence around the world.
Executives
Mayampurath Ramakumar officer: SVP, CFO, Treasurer 2225 W CHANDLER BLVD CHANDLER AZ 85224
Faust Megan director 2045 E INNOVATION CIRCLE TEMPE AZ 85284
Larson Keith R director 11 HILLSHIRE DRIVE LAKE OSWEGO OR 97034
Tsao Jeff officer: PES VP and General Manager 2225 W. CHANDLER BLVD. CHANDLER AZ 85224
Williams Peter Bennett officer: SVP Global Operations 2225 W. CHANDLER BLVD. CHANDLER AZ 85224
Rowntree Jonathan James officer: SVP, GM of ACS 2225 W. CHANDLER BLVD., CHANDLER AZ 85224
Gouveia Randall Colin officer: SVP, GM of EMA 2225 W. CHANDLER BLVD., CHANDLER AZ 85224
Buckley Benjamin Mcneil officer: SVP, Chief HR Officer 2225 WEST CHANDLER BLVD. CHANDLER AZ 94306
Ludwig Michael M officer: SVP, CFO, Treasurer 7005 SOUTHFRONT ROAD LIVERMORE CA 94551
Weaver Mark officer: Corporate Controller and CAO 3333 STREET ROAD SUITE 101 BENSALEM PA 19020
Beulque Marc J officer: VP of Global Operations NOORWEGENSTRAAT 3 C/O ROGERS BVBA EVERGEM C9 B-9940
Owens Jeffrey J director 5725 DELPHI DRIVE TROY MI 48098
Shadday Christopher officer: V.P. EMS C/O ROGERS CORPORATION 2225 W CHANDLER BLVD CHANDLER AZ 85224
Stipp Janice E officer: VP & Chief Financial Officer 1281 COVINGTON ROAD BLOOMFIELD HILLS MI 48301
Barnes Keith director 10100 N TANTAU AVE CUPERTINO CA 95014-2540

Rogers Headlines

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