Rackspace Technology (Rackspace Technology) Equity-to-Asset : -0.04 (As of Dec. 2023)

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What is Rackspace Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Rackspace Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-155 Mil. Rackspace Technology's Total Assets for the quarter that ended in Dec. 2023 was $4,096 Mil. Therefore, Rackspace Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.04.

The historical rank and industry rank for Rackspace Technology's Equity-to-Asset or its related term are showing as below:

RXT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.04 Med: 0.15 Max: 0.22
Current: -0.04

During the past 7 years, the highest Equity to Asset Ratio of Rackspace Technology was 0.22. The lowest was -0.04. And the median was 0.15.

RXT's Equity-to-Asset is ranked worse than
91.85% of 2847 companies
in the Software industry
Industry Median: 0.54 vs RXT: -0.04

Rackspace Technology Equity-to-Asset Historical Data

The historical data trend for Rackspace Technology's Equity-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.

* Premium members only.

Rackspace Technology Equity-to-Asset Chart

Rackspace Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.14

0.22

0.21

0.12

-0.04

Rackspace Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.12	0.01	0.01	-0.04	-0.04

Competitive Comparison of Rackspace Technology's Equity-to-Asset

For the Software - Infrastructure subindustry, Rackspace Technology's Equity-to-Asset, along with its competitors' market caps and Equity-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.

Rackspace Technology's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Rackspace Technology's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Rackspace Technology's Equity-to-Asset falls into.

Rackspace Technology Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Rackspace Technology's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-154.5	/	4096.2
	=	-0.04

Rackspace Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-154.5	/	4096.2
	=	-0.04

Rackspace Technology (NAS:RXT) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Rackspace Technology Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Rackspace Technology's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Rackspace Technology (Rackspace Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rackspace Technology Inc (NAS:RXT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Fanatical Place, City of Windcrest, San Antonio, TX, USA, 78218

Website

https://www.rackspace.com

Rackspace Technology Inc is an end-to-end multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross-Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building custom solutions.

Executives

Srini Koushik	officer: Chief Technology Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Dharmendra Kumar Sinha	officer: EVP, President, Public Cloud	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Amar Maletira	officer: President & CFO	C/O VIAVI SOLUTIONS INC., 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Mark A. Marino	other: Vice President & CAO	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Casey L. Shilling	officer: SVP - Chief Marketing Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Rackspace Technology, Inc.	director	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Anthony C. Roberts	director	1 FANATICAL PLACE, SAN ANTONIO TX 78218
Betsy S Atkins	director
Anthony Scott	director	25501 WEST VALLEY PARKWAY, OLATHE KS 66061
Kellie Teal-guess	officer: Chief Human Resources Officer	1 FANATICAL PLACE, C/O RACKSPACE TECHNOLOGY, INC., SAN ANTONIO TX 78218
Brian Lillie	officer: EVP, President Private Cloud	1485 BROOKMILL ROAD, LOS ALTOS CA 94024
Naushaza Molu	officer: EVP, Chief Financial Officer	1 FANATICAL PLACE, SAN ANTONIO TX 78218
Shashank Samant	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Gregory S. Hrncir	officer: SVP - Chief Operations Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Timothy Campos	director	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035