Rocket Companies Balance Sheet Health
Financial Health criteria checks 3/6
Rocket Companies has a total shareholder equity of $8.6B and total debt of $12.0B, which brings its debt-to-equity ratio to 139.2%. Its total assets and total liabilities are $22.2B and $13.6B respectively. Rocket Companies's EBIT is $687.8M making its interest coverage ratio 1.8. It has cash and short-term investments of $1.1B.
Key information
139.2%
Debt to equity ratio
US$11.98b
Debt
Interest coverage ratio | 1.8x |
Cash | US$1.06b |
Equity | US$8.61b |
Total liabilities | US$13.61b |
Total assets | US$22.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RKT *'s short term assets ($12.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: RKT *'s short term assets ($12.3B) exceed its long term liabilities ($11.3B).
Debt to Equity History and Analysis
Debt Level: RKT *'s net debt to equity ratio (126.8%) is considered high.
Reducing Debt: RKT *'s debt to equity ratio has reduced from 338.4% to 139.2% over the past 5 years.
Debt Coverage: RKT *'s operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RKT *'s interest payments on its debt are not well covered by EBIT (1.8x coverage).