Rackspace Technology Inc

NASDAQ RXT

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Rackspace Technology Inc Asset Coverage Ratio 3 year CAGR for the quarter ending March 31, 2024: -15.47%

Rackspace Technology Inc Asset Coverage Ratio 3 year CAGR is -15.47% for the quarter ending March 31, 2024, a -575.54% change year over year. The asset coverage ratio assesses the extent to which a company's tangible assets can cover its total debt obligations. It is calculated by dividing the difference between total assets and intangible assets by total debt. This ratio provides an indication of a company's ability to repay its debt using its tangible assets. A higher asset coverage ratio suggests a lower financial risk, as the company has a greater cushion of tangible assets to support its debt obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Rackspace Technology Inc Asset Coverage Ratio for the quarter ending March 31, 2023 was 1.04, a -25.90% change year over year.
  • Rackspace Technology Inc Asset Coverage Ratio for the quarter ending March 31, 2022 was 1.40, a 3.18% change year over year.
  • Rackspace Technology Inc Asset Coverage Ratio for the quarter ending March 31, 2021 was 1.36, a 22.01% change year over year.
  • Rackspace Technology Inc Asset Coverage Ratio for the quarter ending March 31, 2020 was 1.11.
NASDAQ: RXT

Rackspace Technology Inc

CEO Mr. Amar Maletira
IPO Date Aug. 5, 2020
Location United States
Headquarters 1 Fanatical Place, San Antonio, TX, United States, 78218
Employees 5,800
Sector Technology
Industry Software - infrastructure
Description

Rackspace Technology, Inc. operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

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StockViz Staff

September 20, 2024

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