Rocket (Rocket) Short-Term Debt : $319 Mil (As of Dec. 2023)

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What is Rocket Short-Term Debt?

Rocket's Short-Term Debt for the quarter that ended in Dec. 2023 was $319 Mil.

Rocket's quarterly Short-Term Debt increased from Jun. 2023 ($50 Mil) to Sep. 2023 ($86 Mil) and increased from Sep. 2023 ($86 Mil) to Dec. 2023 ($319 Mil).

Rocket's annual Short-Term Debt increased from Dec. 2021 ($75 Mil) to Dec. 2022 ($673 Mil) but then declined from Dec. 2022 ($673 Mil) to Dec. 2023 ($319 Mil).

Rocket Short-Term Debt Historical Data

The historical data trend for Rocket's Short-Term 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.

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Rocket Short-Term Debt Chart

Rocket Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt

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165.00

375.00

75.00

672.88

319.31

Rocket Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt	Get a 7-Day Free Trial															672.88	-	50.00	86.30	319.31

Rocket Short-Term Debt Explanation

Short-Term Debt represents the total amount of Long-Term Debt such as bank loans and commercial paper, which is due within one year.

Rocket Short-Term Debt Related Terms

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Rocket (Rocket) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rocket Companies Inc (NYSE:RKT) » Definitions » Short-Term Debt

Comparable Companies

Traded in Other Exchanges

RKT:Mexico

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 U.S. as well as the servicer for more than 2 million loans.

Executives

Varun Krishna	officer: Chief Executive Officer	2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Jonathan D Mariner	director	2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
William C. Emerson	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Matthew Rizik	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Jay Farner	director, officer: Chief Executive Officer	1050 WOODWARD AVENUE, DETROIT MI 48226
Tina V. John	officer: General Counsel & Secretary	C/O ROCKET COMPANIES, INC., 1050 WOODWARD AVENUE, DETROIT MI 48226
Daniel B Gilbert	director, 10 percent owner	1050 WOODWARD AVENUE, DETROIT MI 48226
Rock Holdings Inc.	director, 10 percent owner	1090 WOODWARD AVENUE, DETROIT MI 48226
Jennifer L. Gilbert	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Suzanne F. Shank	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Julie Booth	officer: Chief Fin. Officer & Treasurer	1050 WOODWARD AVENUE, DETROIT MI 48226
Angelo Vitale	officer: General Counsel and Secretary	1050 WOODWARD AVENUE, DETROIT MI 48226
Walters Robert D. Jr.	officer: President & Chief Oper Officer	1050 WOODWARD AVENUE, DETROIT MI 48226
Brian Nicholas Brown	officer: Chief Accounting Officer	1050 WOODWARD AVENUE, DETROIT MI 48226