Rackspace Technology, Inc.

Rackspace Technology, Inc.verified

RXT

Price:

$2.58

Market Cap:

$587.13M

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and r...[Read more]

Industry

Software - Infrastructure

IPO Date

2020-08-05

Stock Exchange

NASDAQ

Ticker

RXT

The Current Ratio as of November 2024 (TTM) for Rackspace Technology, Inc. (RXT) is 0.84

According to Rackspace Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.84. This represents a change of -9.16% compared to the average of 0.93 of the last 4 quarters.

Rackspace Technology, Inc. (RXT) Historical Current Ratio (quarterly & annually)

How has RXT Current Ratio performed in the past?

The mean historical Current Ratio of Rackspace Technology, Inc. over the last ten years is 0.90. The current 0.84 Current Ratio has changed 9.32% with respect to the historical average. Over the past ten years (40 quarters), RXT's Current Ratio was at its highest in in the September 2022 quarter at 1.25. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

0.90

Median

1.02

Minimum

0

Maximum

1.25

Rackspace Technology, Inc. (RXT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Rackspace Technology, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 1.25

Minimum Annual Increase = -26.10%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.92-26.10%
20221.255.73%
20211.1815.62%
20201.0226.29%
20190.81-25.51%
20181.09Infinity%

Rackspace Technology, Inc. (RXT) Average Current Ratio

How has RXT Current Ratio performed in the past?

The current Current Ratio of Rackspace Technology, Inc. (RXT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.12

5-year avg

1.04

10-year avg

0.90

Rackspace Technology, Inc. (RXT) Current Ratio vs. Peers

How is RXT’s Current Ratio compared to its peers?

Rackspace Technology, Inc.’s Current Ratio is less than GigaCloud Technology Inc. (2.13), less than IronNet, Inc. (0), less than Alarum Technologies Ltd. (2.45), less than Stem, Inc. (1.10), less than Pagaya Technologies Ltd. (1.17), less than Tenable Holdings, Inc. (1.28), less than CI&T Inc (1.58), less than Nutanix, Inc. (1.06), less than New Relic, Inc. (1.58), less than LiveRamp Holdings, Inc. (2.92), less than Splunk Inc. (1.57), less than Yext, Inc. (1.55), less than Arqit Quantum Inc. (0), less than Affirm Holdings, Inc. (1.70), less than HUB Cyber Security (Israel) Ltd. (42.19), greater than SentinelOne, Inc. (0.27), less than null (1.74),

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