Rocket Lab USA Inc. (RKLB) — Financial Flexibility Index

Latest as of March 2026: -0.04x

Rocket Lab USA Inc. (RKLB) has a Financial Flexibility Index of -0.04x as of March 2026. Free cash flow of $-23.27 Million (operating CF $-50.33 Million minus capex $27.07 Million) represents 0% of total liabilities ($555.57 Million). Check Rocket Lab USA Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.

Financial Flexibility Index

-0.04x
Free Cash Flow / Total Liabilities

Free Cash Flow

$-23.27 Million
Operating CF − Capex

Total Liabilities

$555.57 Million
USD

Capital Expenditures

$27.07 Million
USD

Rocket Lab USA Inc. Financial Flexibility Index (2019–2025)

Historical Financial Flexibility Index trend for Rocket Lab USA Inc. across 7 annual periods. For the full cash flow conversion analysis, see Rocket Lab USA Inc. (RKLB) cash conversion ratio.

Annual Financial Flexibility Index for Rocket Lab USA Inc. (2019–2025)

Year-by-year free cash flow to debt coverage for Rocket Lab USA Inc.. Explore RKLB operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 -0.02x $-9.24 Million $-165.52 Million $602.62 Million ▼ -167.5%
2024 0.02x $18.20 Million $-48.89 Million $801.89 Million ▲ +119.9%
2023 -0.11x $-44.16 Million $-98.87 Million $386.67 Million ▲ +43.7%
2022 -0.20x $-64.13 Million $-106.54 Million $315.92 Million ▼ -24.4%
2021 -0.16x $-46.09 Million $-71.79 Million $282.40 Million ▼ -2095.5%
2020 -0.01x $-2.64 Million $-27.76 Million $354.58 Million ▼ -115.9%
2019 0.05x $2.71 Million $-21.61 Million $57.97 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities