Rackspace Short Term Investments vs Good Will Analysis

RXT Stock

USD 2.87 0.09 3.04%

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

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

Short Term Investments vs Good Will

Short Term Investments vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rackspace Technology Short Term Investments account and Good Will. At this time, the significance of the direction appears to have pay attention.

The correlation between Rackspace Technology's Short Term Investments and Good Will is -0.91. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of Rackspace Technology, assuming nothing else is changed. The correlation between historical values of Rackspace Technology's Short Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Rackspace Technology are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Short Term Investments i.e., Rackspace Technology's Short Term Investments and Good Will go up and down completely randomly.

Correlation Coefficient

-0.91

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Rackspace Technology balance sheet. It contains any investments Rackspace Technology undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Rackspace Technology can easily liquidate in the marketplace.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Rackspace Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rackspace Technology 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 Rackspace Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Rackspace Stock please use our How to Invest in Rackspace Technology guide.At this time, Rackspace Technology's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.35 in 2025, whereas Tax Provision is likely to drop (107.7 M) in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	208.5M	221.6M	199.4M	198.6M
Depreciation And Amortization	447.6M	442.9M	398.6M	439.8M

Interest Expense Depreciation And Amortization

Rackspace Technology 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	Retained Earnings	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	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Common Stock Shares Outstanding		-0.57	-0.72	-0.69	0.94	-0.43	-0.85	0.72	-0.39	0.9	-0.67	-0.76	0.86	-0.54	-0.65	-0.5	0.29	-0.83	-0.54	0.82	-0.46	0.86	-0.76	0.93	-0.19	0.86
Total Assets	-0.57		0.93	0.94	-0.68	0.95	0.83	-0.44	0.93	-0.55	0.94	0.93	-0.82	0.04	0.99	0.34	0.06	0.85	0.04	-0.27	0.99	-0.78	0.92	-0.58	0.87	-0.68
Short Long Term Debt Total	-0.72	0.93		0.97	-0.84	0.85	0.89	-0.56	0.83	-0.76	0.99	0.95	-0.88	0.16	0.95	0.37	-0.21	0.97	0.16	-0.52	0.87	-0.89	0.99	-0.78	0.74	-0.81
Other Current Liab	-0.69	0.94	0.97		-0.83	0.82	0.92	-0.67	0.86	-0.76	0.99	0.96	-0.91	0.02	0.97	0.34	-0.16	0.96	0.02	-0.51	0.9	-0.92	0.98	-0.76	0.71	-0.85
Total Current Liabilities	0.94	-0.68	-0.84	-0.83		-0.52	-0.93	0.79	-0.58	0.96	-0.81	-0.85	0.95	-0.28	-0.77	-0.57	0.29	-0.92	-0.28	0.87	-0.59	0.96	-0.88	0.95	-0.29	0.95
Total Stockholder Equity	-0.43	0.95	0.85	0.82	-0.52		0.7	-0.25	0.92	-0.37	0.86	0.86	-0.67	0.02	0.91	0.36	0.21	0.73	0.02	-0.14	0.94	-0.6	0.82	-0.39	0.93	-0.49
Other Liab	-0.85	0.83	0.89	0.92	-0.93	0.7		-0.8	0.77	-0.81	0.88	0.95	-0.98	0.21	0.91	0.62	-0.19	0.93	0.21	-0.72	0.79	-0.96	0.93	-0.87	0.47	-0.95
Net Tangible Assets	0.72	-0.44	-0.56	-0.67	0.79	-0.25	-0.8		-0.4	0.78	-0.57	-0.69	0.79	-0.07	-0.57	-0.44	0.32	-0.7	-0.07	0.79	-0.41	0.81	-0.65	0.79	-0.03	0.9
Property Plant And Equipment Net	-0.39	0.93	0.83	0.86	-0.58	0.92	0.77	-0.4		-0.43	0.87	0.86	-0.76	-0.24	0.93	0.49	0.22	0.72	-0.24	-0.26	0.95	-0.69	0.82	-0.41	0.81	-0.61
Current Deferred Revenue	0.9	-0.55	-0.76	-0.76	0.96	-0.37	-0.81	0.78	-0.43		-0.74	-0.75	0.87	-0.21	-0.64	-0.38	0.34	-0.87	-0.21	0.86	-0.45	0.91	-0.8	0.92	-0.19	0.89
Net Debt	-0.67	0.94	0.99	0.99	-0.81	0.86	0.88	-0.57	0.87	-0.74		0.95	-0.88	0.03	0.96	0.35	-0.16	0.96	0.03	-0.49	0.9	-0.89	0.99	-0.74	0.75	-0.8
Retained Earnings	-0.76	0.93	0.95	0.96	-0.85	0.86	0.95	-0.69	0.86	-0.75	0.95		-0.93	0.14	0.97	0.51	-0.09	0.95	0.14	-0.58	0.88	-0.89	0.97	-0.77	0.69	-0.85
Accounts Payable	0.86	-0.82	-0.88	-0.91	0.95	-0.67	-0.98	0.79	-0.76	0.87	-0.88	-0.93		-0.12	-0.9	-0.58	0.09	-0.92	-0.12	0.74	-0.77	0.97	-0.92	0.85	-0.45	0.94
Cash	-0.54	0.04	0.16	0.02	-0.28	0.02	0.21	-0.07	-0.24	-0.21	0.03	0.14	-0.12		0.02	0.16	-0.47	0.24	1.0	-0.27	-0.08	-0.16	0.14	-0.46	-0.09	-0.19
Non Current Assets Total	-0.65	0.99	0.95	0.97	-0.77	0.91	0.91	-0.57	0.93	-0.64	0.96	0.97	-0.9	0.02		0.43	0.03	0.9	0.02	-0.41	0.97	-0.86	0.95	-0.66	0.78	-0.78
Non Currrent Assets Other	-0.5	0.34	0.37	0.34	-0.57	0.36	0.62	-0.44	0.49	-0.38	0.35	0.51	-0.58	0.16	0.43		0.05	0.4	0.16	-0.67	0.31	-0.48	0.41	-0.45	0.02	-0.56
Other Assets	0.29	0.06	-0.21	-0.16	0.29	0.21	-0.19	0.32	0.22	0.34	-0.16	-0.09	0.09	-0.47	0.03	0.05		-0.33	-0.47	0.41	0.15	0.3	-0.22	0.55	0.24	0.39
Long Term Debt	-0.83	0.85	0.97	0.96	-0.92	0.73	0.93	-0.7	0.72	-0.87	0.96	0.95	-0.92	0.24	0.9	0.4	-0.33		0.24	-0.67	0.78	-0.95	0.99	-0.9	0.58	-0.9
Cash And Short Term Investments	-0.54	0.04	0.16	0.02	-0.28	0.02	0.21	-0.07	-0.24	-0.21	0.03	0.14	-0.12	1.0	0.02	0.16	-0.47	0.24		-0.27	-0.08	-0.16	0.14	-0.46	-0.09	-0.19
Net Receivables	0.82	-0.27	-0.52	-0.51	0.87	-0.14	-0.72	0.79	-0.26	0.86	-0.49	-0.58	0.74	-0.27	-0.41	-0.67	0.41	-0.67	-0.27		-0.18	0.76	-0.59	0.85	0.15	0.84
Good Will	-0.46	0.99	0.87	0.9	-0.59	0.94	0.79	-0.41	0.95	-0.45	0.9	0.88	-0.77	-0.08	0.97	0.31	0.15	0.78	-0.08	-0.18		-0.72	0.86	-0.47	0.87	-0.62
Common Stock Total Equity	0.86	-0.78	-0.89	-0.92	0.96	-0.6	-0.96	0.81	-0.69	0.91	-0.89	-0.89	0.97	-0.16	-0.86	-0.48	0.3	-0.95	-0.16	0.76	-0.72		-0.93	0.92	-0.4	0.97
Non Current Liabilities Total	-0.76	0.92	0.99	0.98	-0.88	0.82	0.93	-0.65	0.82	-0.8	0.99	0.97	-0.92	0.14	0.95	0.41	-0.22	0.99	0.14	-0.59	0.86	-0.93		-0.82	0.68	-0.87
Capital Lease Obligations	0.93	-0.58	-0.78	-0.76	0.95	-0.39	-0.87	0.79	-0.41	0.92	-0.74	-0.77	0.85	-0.46	-0.66	-0.45	0.55	-0.9	-0.46	0.85	-0.47	0.92	-0.82		-0.18	0.94
Inventory	-0.19	0.87	0.74	0.71	-0.29	0.93	0.47	-0.03	0.81	-0.19	0.75	0.69	-0.45	-0.09	0.78	0.02	0.24	0.58	-0.09	0.15	0.87	-0.4	0.68	-0.18		-0.25
Other Current Assets	0.86	-0.68	-0.81	-0.85	0.95	-0.49	-0.95	0.9	-0.61	0.89	-0.8	-0.85	0.94	-0.19	-0.78	-0.56	0.39	-0.9	-0.19	0.84	-0.62	0.97	-0.87	0.94	-0.25

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Rackspace Technology Account Relationship Matchups

Rackspace Technology fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	179.6M	208M	211.2M	215.3M	247.6M	165.2M
Total Assets	6.4B	6.3B	5.5B	4.1B	3.7B	4.6B
Short Long Term Debt Total	4.0B	4.0B	3.9B	3.4B	3.0B	3.2B
Other Current Liab	185M	173.3M	166.9M	129.2M	116.3M	142.2M
Total Current Liabilities	742.2M	837.4M	869.1M	799.5M	919.4M	822.4M
Total Stockholder Equity	1.4B	1.3B	629.5M	(154.5M)	(139.1M)	(132.1M)
Other Liab	393M	317.8M	330.2M	193.3M	174.0M	263.0M
Net Tangible Assets	(3.7B)	(3.0B)	(2.8B)	(2.8B)	(3.2B)	(3.3B)
Property Plant And Equipment Net	1.1B	988.5M	766.3M	735.1M	661.6M	734.5M
Current Deferred Revenue	76.7M	98.6M	80.9M	78.8M	90.6M	84.2M
Net Debt	3.9B	3.8B	3.7B	3.2B	2.9B	3.0B
Retained Earnings	(963.3M)	(1.2B)	(2.0B)	(2.8B)	(2.5B)	(2.4B)
Accounts Payable	285.4M	369.5M	447.3M	432.7M	497.6M	371.9M
Cash	104.7M	272.8M	241M	196.8M	226.3M	211.5M
Non Current Assets Total	5.6B	5.3B	4.4B	3.4B	3.0B	4.0B
Non Currrent Assets Other	156.2M	177.4M	5.5M	150.3M	135.3M	104.4M
Other Assets	129.4M	328M	177.4M	145.6M	167.4M	205.0M
Long Term Debt	3.3B	3.3B	3.3B	2.8B	2.6B	2.7B
Cash And Short Term Investments	104.7M	272.8M	241M	196.8M	226.3M	211.5M
Net Receivables	483M	554.3M	622.2M	350.4M	403.0M	480.5M
Good Will	2.8B	2.7B	2.2B	1.5B	1.3B	1.9B
Liabilities And Stockholders Equity	6.4B	6.3B	5.5B	4.1B	3.7B	4.6B
Non Current Liabilities Total	4.3B	4.2B	4.0B	3.5B	3.1B	3.4B
Capital Lease Obligations	661.4M	584.9M	581.3M	570.8M	656.4M	583.0M
Inventory	123.8M	110M	97.3M	(47.0M)	(42.3M)	(40.2M)
Other Current Assets	170.8M	162.4M	222.6M	190.9M	219.5M	151.2M
Other Stockholder Equity	2.4B	2.5B	2.5B	2.6B	3.0B	2.4B
Total Liab	5.0B	5.0B	4.8B	4.3B	3.8B	4.0B
Net Invested Capital	4.7B	4.7B	3.9B	2.7B	2.4B	3.4B
Property Plant And Equipment Gross	1.1B	988.5M	766.3M	2.2B	2.5B	1.3B
Total Current Assets	758.5M	989.5M	1.1B	738.1M	848.8M	867.1M
Accumulated Other Comprehensive Income	(18.6M)	6.9M	71.4M	60.3M	69.3M	72.8M
Non Current Liabilities Other	145.5M	187.3M	105.7M	97.4M	112.0M	142.5M
Net Working Capital	16.3M	152.1M	216.7M	(61.4M)	(70.6M)	(67.1M)
Short Term Debt	195.1M	196M	161.4M	158.8M	182.6M	168.4M
Intangible Assets	1.6B	1.5B	1.2B	1.0B	917.1M	1.2B

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