Rigetti Computing (Rigetti Computing) Interest Expense : $-5.42 Mil (TTM As of Mar. 2024)

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What is Rigetti Computing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rigetti Computing's interest expense for the three months ended in Mar. 2024 was $ -1.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.42 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Rigetti Computing's Operating Income for the three months ended in Mar. 2024 was $ -16.59 Mil. Rigetti Computing's Interest Expense for the three months ended in Mar. 2024 was $ -1.11 Mil. Rigetti Computing did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rigetti Computing Interest Expense Historical Data

The historical data trend for Rigetti Computing's Interest Expense 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.

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Rigetti Computing Interest Expense Chart

Rigetti Computing Annual Data

Trend

Jan20

Jan21

Dec22

Dec23

Interest Expense

-0.67

-5.29

-5.78

Rigetti Computing Quarterly Data
	Jan20	Oct20	Jan21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-1.46	-1.57	-1.47	-1.27	-1.11

Rigetti Computing Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.42 Mil.

Rigetti Computing (NAS:RGTI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rigetti Computing's Interest Expense for the three months ended in Mar. 2024 was $-1.11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-16.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $12.38 Mil.

Rigetti Computing's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Rigetti Computing did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Rigetti Computing (Rigetti Computing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigetti Computing Inc (NAS:RGTI) » Definitions » Interest Expense

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Traded in Other Exchanges

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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