Rocket Companies Balance Sheet Health
Financial Health criteria checks 3/6
Rocket Companies has a total shareholder equity of $8.4B and total debt of $15.0B, which brings its debt-to-equity ratio to 179.1%. Its total assets and total liabilities are $25.1B and $16.8B respectively. Rocket Companies's EBIT is $183.4M making its interest coverage ratio 0.4. It has cash and short-term investments of $1.5B.
Key information
179.1%
Debt to equity ratio
US$14.96b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$1.46b |
| Equity | US$8.35b |
| Total liabilities | US$16.77b |
| Total assets | US$25.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RKT *'s short term assets ($15.0B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: RKT *'s short term assets ($15.0B) exceed its long term liabilities ($14.4B).
Debt to Equity History and Analysis
Debt Level: RKT *'s net debt to equity ratio (161.6%) is considered high.
Reducing Debt: RKT *'s debt to equity ratio has reduced from 418.9% to 179.1% 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 (0.4x coverage).