Rigetti Computing (Rigetti Computing) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Rigetti Computing Debt-to-Equity?

Rigetti Computing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.37 Mil. Rigetti Computing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.19 Mil. Rigetti Computing's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $109.59 Mil. Rigetti Computing's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

RGTI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.21 Med: 0.26 Max: 0.28
Current: 0.28

During the past 4 years, the highest Debt-to-Equity Ratio of Rigetti Computing was 0.28. The lowest was -0.21. And the median was 0.26.

RGTI's Debt-to-Equity is ranked better than
51.35% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs RGTI: 0.28

Rigetti Computing Debt-to-Equity Historical Data

The historical data trend for Rigetti Computing's Debt-to-Equity 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.

* Premium members only.

Rigetti Computing Debt-to-Equity Chart

Rigetti Computing Annual Data

Trend

Jan20

Jan21

Dec22

Dec23

Debt-to-Equity

-0.21

0.26

0.28

Rigetti Computing Quarterly Data
	Jan20	Oct20	Jan21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.26	0.29	0.31	0.30	0.28

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

For the Computer Hardware subindustry, Rigetti Computing's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Hardware Industry

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

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

Rigetti Computing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(14.374	+	16.191)	/	109.588
	=	0.28

Rigetti Computing's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(14.374	+	16.191)	/	109.588
	=	0.28

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Rigetti Computing Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Rigetti Computing's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Rigetti Computing (Rigetti Computing) Business Description

Industry

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

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