Rocket Cash Flow To Debt Ratio vs Cash And Equivalents Analysis

RKT Stock

USD 14.06 0.51 3.50%

Rocket Companies financial indicator trend analysis is much more than just breaking down Rocket Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocket Companies is a good investment. Please check the relationship between Rocket Companies Cash Flow To Debt Ratio and its Cash And Equivalents accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

Cash Flow To Debt Ratio vs Cash And Equivalents

Cash Flow To Debt Ratio vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocket Companies Cash Flow To Debt Ratio account and Cash And Equivalents. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Rocket Companies' Cash Flow To Debt Ratio and Cash And Equivalents is -0.32. Overlapping area represents the amount of variation of Cash Flow To Debt Ratio that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Rocket Companies, assuming nothing else is changed. The correlation between historical values of Rocket Companies' Cash Flow To Debt Ratio and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Flow To Debt Ratio of Rocket Companies are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Cash Flow To Debt Ratio i.e., Rocket Companies' Cash Flow To Debt Ratio and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash Flow To Debt Ratio

Cash And Equivalents

Most indicators from Rocket Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocket Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.At this time, Rocket Companies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 144.76 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.43 in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	12.3B	5.1B	3.8B	5.5B
Gross Profit	12.6B	5.6B	3.5B	3.3B

Other Operating Expenses Gross Profit

Rocket Companies fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Common Stock Shares Outstanding		0.68	0.7	-0.41	0.7	-0.93	0.94	-0.06	0.92	-0.78	0.52	0.69	0.29	0.62	-0.89	0.51	0.76	0.5	0.33	0.94	-0.95	0.18	0.86	0.37	0.66	-0.85
Total Assets	0.68		0.98	-0.42	0.4	-0.78	0.86	-0.27	0.78	-0.86	0.9	0.97	0.8	0.34	-0.71	0.95	0.63	0.87	0.06	0.51	-0.79	0.78	0.63	0.76	0.08	-0.61
Short Long Term Debt Total	0.7	0.98		-0.42	0.38	-0.83	0.89	-0.34	0.73	-0.77	0.93	0.96	0.82	0.38	-0.65	0.93	0.66	0.88	0.09	0.52	-0.83	0.78	0.66	0.82	0.07	-0.7
Other Current Liab	-0.41	-0.42	-0.42		-0.82	0.36	-0.44	0.1	-0.39	0.4	-0.11	-0.55	-0.33	-0.8	0.51	-0.14	-0.13	-0.63	-0.62	-0.22	0.43	-0.34	-0.3	0.07	-0.4	0.27
Total Current Liabilities	0.7	0.4	0.38	-0.82		-0.61	0.58	-0.2	0.6	-0.54	0.04	0.44	-0.01	0.72	-0.74	0.11	0.2	0.35	0.41	0.54	-0.68	0.13	0.39	-0.17	0.84	-0.56
Total Stockholder Equity	-0.93	-0.78	-0.83	0.36	-0.61		-0.96	0.38	-0.83	0.75	-0.7	-0.74	-0.41	-0.51	0.77	-0.67	-0.65	-0.56	-0.12	-0.8	0.99	-0.45	-0.73	-0.59	-0.53	0.94
Other Liab	0.94	0.86	0.89	-0.44	0.58	-0.96		-0.16	0.91	-0.84	0.76	0.87	0.58	0.61	-0.84	0.73	0.78	0.72	0.3	0.84	-0.96	0.46	0.86	0.62	0.41	-0.83
Net Tangible Assets	-0.06	-0.27	-0.34	0.1	-0.2	0.38	-0.16		0.08	0.04	-0.33	-0.12	-0.05	0.15	-0.07	-0.34	0.35	-0.08	0.57	0.2	0.33	-0.64	0.32	-0.37	-0.13	0.47
Property Plant And Equipment Net	0.92	0.78	0.73	-0.39	0.6	-0.83	0.91	0.08		-0.95	0.59	0.79	0.42	0.55	-0.97	0.64	0.75	0.58	0.31	0.89	-0.86	0.28	0.83	0.38	0.5	-0.63
Current Deferred Revenue	-0.78	-0.86	-0.77	0.4	-0.54	0.75	-0.84	0.04	-0.95		-0.65	-0.83	-0.5	-0.43	0.93	-0.75	-0.59	-0.63	-0.16	-0.7	0.77	-0.48	-0.65	-0.43	-0.36	0.5
Net Debt	0.52	0.9	0.93	-0.11	0.04	-0.7	0.76	-0.33	0.59	-0.65		0.85	0.86	0.15	-0.44	0.96	0.61	0.78	-0.08	0.39	-0.66	0.79	0.56	0.96	-0.21	-0.57
Accounts Payable	0.69	0.97	0.96	-0.55	0.44	-0.74	0.87	-0.12	0.79	-0.83	0.85		0.86	0.51	-0.72	0.87	0.7	0.95	0.3	0.54	-0.76	0.7	0.72	0.7	0.06	-0.55
Cash	0.29	0.8	0.82	-0.33	-0.01	-0.41	0.58	-0.05	0.42	-0.5	0.86	0.86		0.3	-0.3	0.81	0.56	0.93	0.25	0.18	-0.4	0.74	0.52	0.81	-0.44	-0.26
Non Current Assets Total	0.62	0.34	0.38	-0.8	0.72	-0.51	0.61	0.15	0.55	-0.43	0.15	0.51	0.3		-0.6	0.07	0.4	0.53	0.87	0.59	-0.53	0.05	0.63	0.0	0.46	-0.41
Non Currrent Assets Other	-0.89	-0.71	-0.65	0.51	-0.74	0.77	-0.84	-0.07	-0.97	0.93	-0.44	-0.72	-0.3	-0.6		-0.52	-0.63	-0.52	-0.35	-0.84	0.82	-0.23	-0.73	-0.2	-0.63	0.57
Other Assets	0.51	0.95	0.93	-0.14	0.11	-0.67	0.73	-0.34	0.64	-0.75	0.96	0.87	0.81	0.07	-0.52		0.55	0.76	-0.18	0.36	-0.66	0.83	0.49	0.88	-0.14	-0.51
Long Term Debt	0.76	0.63	0.66	-0.13	0.2	-0.65	0.78	0.35	0.75	-0.59	0.61	0.7	0.56	0.4	-0.63	0.55		0.6	0.41	0.81	-0.67	0.08	0.96	0.55	0.14	-0.57
Cash And Short Term Investments	0.5	0.87	0.88	-0.63	0.35	-0.56	0.72	-0.08	0.58	-0.63	0.78	0.95	0.93	0.53	-0.52	0.76	0.6		0.4	0.33	-0.58	0.72	0.62	0.66	-0.12	-0.41
Net Receivables	0.33	0.06	0.09	-0.62	0.41	-0.12	0.3	0.57	0.31	-0.16	-0.08	0.3	0.25	0.87	-0.35	-0.18	0.41	0.4		0.41	-0.16	-0.25	0.56	-0.18	0.18	-0.04
Good Will	0.94	0.51	0.52	-0.22	0.54	-0.8	0.84	0.2	0.89	-0.7	0.39	0.54	0.18	0.59	-0.84	0.36	0.81	0.33	0.41		-0.82	-0.08	0.9	0.26	0.62	-0.72
Common Stock Total Equity	-0.95	-0.79	-0.83	0.43	-0.68	0.99	-0.96	0.33	-0.86	0.77	-0.66	-0.76	-0.4	-0.53	0.82	-0.66	-0.67	-0.58	-0.16	-0.82		-0.42	-0.75	-0.53	-0.58	0.93
Short Term Investments	0.18	0.78	0.78	-0.34	0.13	-0.45	0.46	-0.64	0.28	-0.48	0.79	0.7	0.74	0.05	-0.23	0.83	0.08	0.72	-0.25	-0.08	-0.42		0.06	0.73	-0.25	-0.33
Long Term Debt Total	0.86	0.63	0.66	-0.3	0.39	-0.73	0.86	0.32	0.83	-0.65	0.56	0.72	0.52	0.63	-0.73	0.49	0.96	0.62	0.56	0.9	-0.75	0.06		0.46	0.3	-0.64
Non Current Liabilities Total	0.37	0.76	0.82	0.07	-0.17	-0.59	0.62	-0.37	0.38	-0.43	0.96	0.7	0.81	0.0	-0.2	0.88	0.55	0.66	-0.18	0.26	-0.53	0.73	0.46		-0.36	-0.53
Inventory	0.66	0.08	0.07	-0.4	0.84	-0.53	0.41	-0.13	0.5	-0.36	-0.21	0.06	-0.44	0.46	-0.63	-0.14	0.14	-0.12	0.18	0.62	-0.58	-0.25	0.3	-0.36		-0.56
Other Current Assets	-0.85	-0.61	-0.7	0.27	-0.56	0.94	-0.83	0.47	-0.63	0.5	-0.57	-0.55	-0.26	-0.41	0.57	-0.51	-0.57	-0.41	-0.04	-0.72	0.93	-0.33	-0.64	-0.53	-0.56

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Rocket Companies Account Relationship Matchups

Rocket Companies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.1B	37.5B	32.8B	20.1B	19.2B	25.9B
Short Long Term Debt Total	5.6B	22.0B	19.3B	8.7B	9.6B	12.7B
Other Current Liab	(322.3M)	(627.0M)	(346.5M)	1.4B	(1.9B)	(1.8B)
Total Current Liabilities	322.3M	627.0M	346.5M	572.6M	1.9B	2.0B
Total Stockholder Equity	3.5B	490.5M	665.7M	576.7M	624.9M	1.2B
Other Liab	450.2M	1.2B	1.5B	1.1B	1.3B	1.1B
Net Tangible Assets	595.3M	(2.4B)	665.7M	(682.2M)	(614.0M)	(644.7M)
Property Plant And Equipment Net	455.4M	449.7M	682.3M	640.4M	598.6M	555.3M
Net Debt	4.3B	20.0B	17.1B	8.0B	4.1B	3.9B
Accounts Payable	157.3M	252.0M	271.5M	116.3M	171.4M	194.5M
Cash	1.4B	2.0B	2.1B	722.3M	1.1B	1.1B
Non Current Assets Total	3.6B	3.5B	6.1B	2.4B	8.9B	5.1B
Non Currrent Assets Other	(3.6B)	(519.9M)	(6.1B)	(7.0B)	(8.9B)	(8.4B)
Other Assets	14.9B	32.0B	24.6B	16.9B	8.2B	14.0B
Long Term Debt	2.4B	3.4B	18.7B	8.3B	4.5B	7.3B
Cash And Short Term Investments	1.4B	2.0B	2.1B	722.3M	1.4B	1.6B
Net Receivables	282.8M	22.2M	517.8M	10.8M	579.2M	301.0M
Good Will	40.3M	47.2M	1.3B	1.3B	1.1B	694.9M
Short Term Investments	508.1M	1.9B	538.9M	90.6M	322.5M	480.4M
Long Term Debt Total	2.4B	3.4B	18.7B	8.3B	9.5B	7.7B
Liabilities And Stockholders Equity	20.1B	37.5B	32.8B	20.1B	19.2B	25.9B
Non Current Liabilities Total	5.5B	21.6B	19.2B	11.0B	5.9B	5.6B
Inventory	1.6M	1.1M	492K	1.2B	1.4B	1.5B
Other Current Assets	14.6B	(653.7M)	169.0M	(1.3B)	158.3M	150.3M
Other Stockholder Equity	428.4M	282.7M	287.6M	276.2M	340.5M	263.5M
Total Liab	16.6B	29.7B	23.0B	11.6B	10.9B	13.4B
Net Invested Capital	18.9B	27.7B	19.4B	8.9B	5.4B	5.1B
Property Plant And Equipment Gross	455.4M	449.7M	682.3M	640.4M	1.1B	653.6M
Total Current Assets	1.6B	2.0B	2.1B	722.3M	2.2B	2.2B
Accumulated Other Comprehensive Income	(151K)	317K	81K	69K	52K	54.6K
Cash And Equivalents	1.4B	2.0B	2.1B	722.3M	830.6M	1.6B
Intangible Assets	2.9B	2.9B	5.4B	6.9B	6.4B	5.1B
Property Plant Equipment	455.4M	449.7M	682.3M	274.2M	315.3M	454.1M

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