Discontinued — last reported Q1 '25

Non-Current Liabilities

Secured Debt

Rocket Companies Secured Debt decreased by 11.5% to $15.88B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 108.7%, from $7.61B to $15.88B. Over 5 years (FY 2020 to FY 2025), Secured Debt shows relatively stable performance with a 0.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2025

How to read this metric

Higher levels of secured debt may indicate limited access to unsecured credit markets or a strategy to lower interest costs by pledging collateral.

Detailed definition

This refers to debt obligations backed by specific company assets pledged as collateral. In the event of default, credit...

Peer comparison

Commonly used by industrial companies to finance heavy equipment or large-scale infrastructure projects.

Metric ID: secured_debt

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$17.22B$16.62B$12.75B$6.47B$7.65B$4.91B$3.55B$5.24B$4.89B$4.67B$3.37B$6.15B$7.02B$8.50B$6.80B$7.61B$9.48B$10.52B$17.94B$15.88B
QoQ Change-3.5%-23.3%-49.3%+18.2%-35.8%-27.7%+47.5%-6.6%-4.5%-27.9%+82.5%+14.3%+21.0%-20.0%+11.9%+24.6%+11.0%+70.4%-11.5%
YoY Change-55.6%-70.5%-72.2%-19.1%-36.1%-4.9%-5.1%+17.4%+43.6%+82.0%+102.0%+23.8%+35.0%+23.8%+163.7%+108.7%
Range$3.37B$17.94B
CAGR-1.7%
Avg YoY Growth+21.0%
Median YoY Growth+20.6%

Frequently Asked Questions

What is Rocket Companies's secured debt?
Rocket Companies (RKT) reported secured debt of $15.88B in Q1 2026.
How has Rocket Companies's secured debt changed year-over-year?
Rocket Companies's secured debt increased by 108.7% year-over-year, from $7.61B to $15.88B.
What is the long-term trend for Rocket Companies's secured debt?
Over 5 years (2020 to 2025), Rocket Companies's secured debt has grown at a 0.2% compound annual growth rate (CAGR), from $17.74B to $17.94B.
What does secured debt mean?
Debt that is backed by specific assets the company owns.