Rocket Lab USA (Rocket Lab USA) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Rocket Lab USA Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Rocket Lab USA's Operating Income for the three months ended in Mar. 2024 was $-43.1 Mil. Rocket Lab USA's Interest Expense for the three months ended in Mar. 2024 was $-0.9 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Rocket Lab USA's Interest Coverage or its related term are showing as below:

RKLB's Interest Coverage is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 6.98
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rocket Lab USA Interest Coverage Historical Data

The historical data trend for Rocket Lab USA's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Rocket Lab USA Interest Coverage Chart

Rocket Lab USA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

Rocket Lab USA Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Rocket Lab USA's Interest Coverage

For the Aerospace & Defense subindustry, Rocket Lab USA's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Lab USA's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Rocket Lab USA's Interest Coverage falls into.

Rocket Lab USA Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rocket Lab USA's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Rocket Lab USA's Interest Expense was $-4.2 Mil. Its Operating Income was $-177.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $158.9 Mil.

Rocket Lab USA did not have earnings to cover the interest expense.

Rocket Lab USA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Rocket Lab USA's Interest Expense was $-0.9 Mil. Its Operating Income was $-43.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $465.8 Mil.

Rocket Lab USA did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Rocket Lab USA (NAS:RKLB) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Rocket Lab USA Interest Coverage Related Terms

Thank you for viewing the detailed overview of Rocket Lab USA's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Rocket Lab USA (Rocket Lab USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rocket Lab USA Inc (NAS:RKLB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

6RJ:Germany

Address

3881 McGowen Street, Long Beach, CA, USA, 90808

Website

https://www.rocketlabusa.com

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defence, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

Executives

Adam C. Spice	officer: Chief Financial Officer	2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011
Arjun Kampani	officer: See Remarks	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
Nina Armagno	director	C/O ROCKET LAB USA, INC., 3881 MCGOWEN ST, LONG BEACH CA 90808
Peter Beck	director, 10 percent owner, officer: President, CEO and Chairman	C/O ROCKET LAB USA, INC., 3881, LONG BEACH CA 90808
Michael D Griffin	director	21700 ATLANTIC BLVD, ORBITAL SCIENCES CORP, DULLES VA 20166
Shaun O'donnell	officer: EVP - Global Operations	C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808
Edward H. Frank	director	C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121
Alexander R Slusky	director	456 MONTGOMERY STREET, 19TH FLOOR, SAN FRANCISCO CA 94104
Khosla Ventures Seed B (cf), L.p.	10 percent owner	2128 SAND HILL ROAD, MENLO PARK CA 94025
Cowan David J/ca	director	50 WOODSIDE PLAZA, SUITE 720, REDWOOD CITY CA 94061
Peek Street Equatorial Trustee Ltd	10 percent owner	123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051
Jon A Olson	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Equatorial Trust	10 percent owner	123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051
Kerryn Beck	10 percent owner	C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808
Warren Butler	10 percent owner	C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808