RKLB (Rocket Lab USA) Cash-to-Debt : 0.94 (As of Sep. 2024)

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What is Rocket Lab USA Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Rocket Lab USA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.94.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Rocket Lab USA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Rocket Lab USA's Cash-to-Debt or its related term are showing as below:

RKLB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 2.35 Max: 6.32
Current: 0.94

During the past 4 years, Rocket Lab USA's highest Cash to Debt Ratio was 6.32. The lowest was 0.94. And the median was 2.35.

RKLB's Cash-to-Debt is ranked better than
57.19% of 306 companies
in the Aerospace & Defense industry
Industry Median: 0.58 vs RKLB: 0.94

Rocket Lab USA Cash-to-Debt Historical Data

The historical data trend for Rocket Lab USA's Cash-to-Debt can be seen below:

* 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Rocket Lab USA Cash-to-Debt Chart

Rocket Lab USA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.93

5.38

3.09

1.39

Rocket Lab USA Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												1.78	1.39	1.03	1.05	0.94

Competitive Comparison of Rocket Lab USA's Cash-to-Debt

For the Aerospace & Defense subindustry, Rocket Lab USA's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Rocket Lab USA's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rocket Lab USA's Cash-to-Debt falls into.

Rocket Lab USA Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Rocket Lab USA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	244.773	/	(17.764	+	158.924)
	=	1.39

Rocket Lab USA's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	442.389	/	(11.758	+	458.728)
	=	0.94

Rocket Lab USA (NAS:RKLB) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Rocket Lab USA Cash-to-Debt Related Terms

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Rocket Lab USA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rocket Lab USA Inc (NAS:RKLB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6RJ:Germany

Address

3881 McGowen Street, Long Beach, CA, USA, 90808

Website

https://www.rocketlabusa.com

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

Executives

Alexander R Slusky	director	456 MONTGOMERY STREET, 19TH FLOOR, SAN FRANCISCO CA 94104
Merline Saintil	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Arjun Kampani	officer: See Remarks	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
Adam C. Spice	officer: Chief Financial Officer	2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011
Jon A Olson	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Matthew Ocko	director	270 UNIVERSITY AVENUE, PALO ALTO CA 94301
Michael D Griffin	director	21700 ATLANTIC BLVD, ORBITAL SCIENCES CORP, DULLES VA 20166
Nina Armagno	director	C/O ROCKET LAB USA, INC., 3881 MCGOWEN ST, LONG BEACH CA 90808
Peter Beck	director, 10 percent owner, officer: President, CEO and Chairman	C/O ROCKET LAB USA, INC., 3881, LONG BEACH CA 90808
Shaun O'donnell	officer: EVP - Global Operations	C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808
Edward H. Frank	director	C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121
Sven Strohband	director	C/O BERKSHIRE GREY, INC., 140 SOUTH ROAD, BEDFORD MA 01730
Peek Street Equatorial Trustee Ltd	10 percent owner	123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051
Equatorial Trust	10 percent owner	123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051
Kerryn Beck	10 percent owner	C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808