Rackspace Technology Inc (RXT) — Tangible Net Worth Ratio
Rackspace Technology Inc (RXT) has a Tangible Net Worth Ratio of -3520.7% as of June 2023. This metric is calculated by deducting intangible assets ($1.16 Billion) from net assets ($31.90 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Rackspace Technology Inc equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Rackspace Technology Inc Tangible Net Worth Ratio (2018–2022)
This chart shows how Rackspace Technology Inc's Tangible Net Worth Ratio has changed across 5 annual periods from 2018 to 2022. As of June 2023, the ratio stands at -3520.7%, reflecting net assets of $31.90 Million with intangible assets of $1.16 Billion USD. For live market cap and overall valuation, see Rackspace Technology Inc market cap and net worth.
Annual Tangible Net Worth Ratio for Rackspace Technology Inc (2018–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Rackspace Technology Inc from 2018 to 2022, covering 5 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Rackspace Technology Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | -96.3% | $629.50 Million | $1.24 Billion | $5.46 Billion | ▼ -85.9 pp |
| 2021 | -10.5% | $1.33 Billion | $1.47 Billion | $6.33 Billion | ▲ +8.5 pp |
| 2020 | -19.0% | $1.38 Billion | $1.65 Billion | $6.38 Billion | ▲ +83.2 pp |
| 2019 | -102.2% | $898.80 Million | $1.82 Billion | $6.27 Billion | ▲ +10.5 pp |
| 2018 | -112.7% | $907.80 Million | $1.93 Billion | $6.11 Billion | — |