Rocket (MEX:RKT) Debt-to-Asset : 0.22 (As of Dec. 2024)

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What is Rocket Debt-to-Asset?

Rocket's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN5,284 Mil. Rocket's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN105,998 Mil. Rocket's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was MXN511,175 Mil. Rocket's debt to asset for the quarter that ended in Dec. 2024 was 0.22.

Rocket Debt-to-Asset Historical Data

The historical data trend for Rocket's Debt-to-Asset 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.

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Rocket Debt-to-Asset Chart

Rocket Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.21

0.30

0.27

0.22

Rocket Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.29	0.25	0.26	0.22

Competitive Comparison of Rocket's Debt-to-Asset

For the Mortgage Finance subindustry, Rocket's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Rocket's Debt-to-Asset distribution charts can be found below:

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

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Rocket Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Rocket's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5283.771	+	105997.823)	/	511174.521
	=	0.22

Rocket's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5283.771	+	105997.823)	/	511174.521
	=	0.22

Rocket (MEX:RKT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Rocket Debt-to-Asset Related Terms

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Rocket Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rocket Companies Inc (MEX:RKT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RKT:USA

Address

1050 Woodward Avenue, Detroit, MI, USA, 48226

Website

https://ir.rocketcompanies.com

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the US as well as the servicer for more than 2 million loans.