Are there any notable changes in the company's balance sheet (e.g., debt levels, liquidity ratios) after the quarter?

Balance‑sheet take‑away:

The release does not disclose any line‑item balance‑sheet figures – there’s no explicit mention of debt repayments, cash‑balance changes, or liquidity‑ratio movements for the quarter. However, the headline‑level adjusted EBITDA of $36.6 million (up from the prior quarter) signals a healthier cash‑generation engine. Assuming the company continues to allocate a meaningful portion of that cash to working‑capital and capital‑expenditure needs, we can expect a modest improvement in its liquidity profile (e.g., a higher current ratio) and a potential reduction in net‑debt if any debt‑service or refinancing was undertaken. Historically, Rogers Sugar has maintained a conservative balance sheet, so a strong earnings beat usually translates into incremental debt‑paydown or bolstered cash reserves rather than a dramatic capital‑structure overhaul.

Trading implication:

With no concrete balance‑sheet data yet, the market is still pricing the stock on earnings momentum and the upside in its Maple and Sugar segments. The implied improvement in cash flow should keep the debt‑to‑EBITDA and interest‑coverage ratios comfortably above industry thresholds, supporting a bullish bias for the near term. Until the next SEC/TSX filing (e.g., the full Q3 or Q4 10‑K) confirms the exact balance‑sheet impact, consider a light‑to‑moderate long position or a buy‑on‑dip if the price retraces below the 20‑day moving average, while keeping an eye on upcoming disclosures for any material debt‑restructuring or liquidity‑ratio changes.