Rigetti Computing (Rigetti Computing) Cash-to-Debt : 3.75 (As of Mar. 2024)

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What is Rigetti Computing Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Rigetti Computing's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.75.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Rigetti Computing could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Rigetti Computing's Cash-to-Debt or its related term are showing as below:

RGTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 3.46 Max: No Debt
Current: 3.27

During the past 4 years, Rigetti Computing's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 3.46.

RGTI's Cash-to-Debt is ranked better than
65.64% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs RGTI: 3.27

Rigetti Computing Cash-to-Debt Historical Data

The historical data trend for Rigetti Computing's Cash-to-Debt 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: An indication of "No Debt" does not necessarily mean that the company has no 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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Rigetti Computing Cash-to-Debt Chart

Rigetti Computing Annual Data

Trend

Jan20

Jan21

Dec22

Dec23

Cash-to-Debt

0.01

No Debt

3.65

3.27

Rigetti Computing Quarterly Data
	Jan20	Oct20	Jan21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								3.27	2.90	3.29	3.27	3.75

Competitive Comparison of Rigetti Computing's Cash-to-Debt

For the Computer Hardware subindustry, Rigetti Computing's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Rigetti Computing's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rigetti Computing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rigetti Computing's Cash-to-Debt falls into.

Rigetti Computing Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Rigetti Computing's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	99.929	/	(14.374	+	16.191)
	=	3.27

Rigetti Computing's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	102.759	/	(15.033	+	12.376)
	=	3.75

Rigetti Computing (NAS:RGTI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Rigetti Computing Cash-to-Debt Related Terms

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Rigetti Computing (Rigetti Computing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigetti Computing Inc (NAS:RGTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

775 Heinz Avenue, Berkeley, CA, USA, 94710

Website

https://www.rigetti.com

Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.

Executives

Richard Danis	officer: General Counsel and Corp. Sec.	5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033
David Rivas	officer: SVP, Sys. and Serv. (Software)	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701
Thomas J Iannotti	director	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Alissa Fitzgerald	director	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Cathy L Mccarthy	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Jeffrey A. Bertelsen	officer: Chief Financial Officer	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Mike Harburn	officer: SVP, Fabrication Ops. Hardware	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Chad Rigetti	director, officer: President and CEO	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Brian J Sereda	officer: Chief Financial Officer	3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Subodh K Kulkarni	officer: President and CEO	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Supernova Partners Ii, Llc	other: Former 10% Owner	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Gregory John Peters	officer: Chief Revenue Officer	C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Helene Gail Sandford	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Amanda Sue Birch	officer: SVP, Technology Partnerships	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Bessemer Venture Partners X L.p.	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538