Rackspace Technology Balance Sheet Health
Financial Health criteria checks 2/6
Rackspace Technology has a total shareholder equity of $-787.2M and total debt of $3.1B, which brings its debt-to-equity ratio to -392.6%. Its total assets and total liabilities are $3.5B and $4.3B respectively.
Key information
-392.6%
Debt to equity ratio
US$3.09b
Debt
| Interest coverage ratio | n/a |
| Cash | US$332.60m |
| Equity | -US$787.20m |
| Total liabilities | US$4.30b |
| Total assets | US$3.52b |
Recent financial health updates
Recent updates
What Does Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Indicate?
Apr 24
Improved Revenues Required Before Rackspace Technology, Inc. (NASDAQ:RXT) Stock's 28% Jump Looks Justified
Mar 09A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Jan 23Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%
Dec 22These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong
Jul 05Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down
Feb 28Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Oct 19Rackspace's Cloud Transformation Is Promising But The Risks Are High
Oct 07Rackspace Technology names finance chief as CEO
Sep 26Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M
Aug 09Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger
Jul 07Rackspace Technology: Deep In Busted IPO Territory
Jun 03Estimating The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Apr 03Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Mar 16Financial Position Analysis
Short Term Liabilities: RXT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RXT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RXT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RXT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RXT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RXT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.5% per year.