Can Rackspace Technology, Inc. cover its short-term obligations?

Its current ratio is 0.68 — current liabilities exceed current assets.

Where does Rackspace Technology, Inc.'s balance sheet data come from?

Every line is extracted from Rackspace Technology, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Rackspace Technology, Inc. RXT Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$108M-26.5%	$147M-26.4%	$199.7M-13.7%	$231.4M-16.0%
Restricted cash	——	——	——	——
Accounts receivable, net	$1.06B-14.0%	$1.24B-31.4%	$1.8B-24.1%	$2.38B+14.3%
Prepaid expenses and other current assets	$384.9M+1.8%	$378M-1.1%	$382.2M-0.3%	$383.4M-1.9%
Contract assets	$3.8M-38.7%	$6.2M-42.1%	$10.7M-33.1%	$16M+5.3%
Total current assets	$517.8M-16.3%	$618.8M-16.2%	$738.1M-31.2%	$1.07B+8.5%
Property and equipment, net	$596.3M-0.8%	$601M-1.3%	$608.8M-3.1%	$628.3M-24.0%
Accumulated depreciation	$1.38B-3.0%	$1.42B-1.5%	$1.44B+3.0%	$1.4B-0.9%
Operating lease right-of-use assets	$144.6M+7.4%	$134.6M+6.6%	$126.3M-8.5%	$138M-14.7%
Goodwill	$740.1M+0.6%	$735.7M-49.3%	$1.45B-32.6%	$2.16B-20.4%
Intangible assets, net	$558.3M-33.9%	$844.7M-17.1%	$1.02B-17.6%	$1.24B-15.7%
Deferred tax assets	$110.3M-27.0%	$151.1M-61.2%	$389.8M-47.4%	$741.4M-14.3%
Other non-current assets	$3.5M-97.1%	$119.3M-21.3%	$151.6M-33.0%	$226.1M+27.5%
Total assets	$2.8B-8.3%	$3.05B-25.4%	$4.1B-24.9%	$5.46B-13.8%
Accounts payable	$413.9M+6.2%	$389.6M-10.0%	$432.7M-3.3%	$447.3M+21.1%
Accrued expenses	$85.4M-11.7%	$96.7M+33.9%	$72.2M-24.2%	$95.3M-8.8%
Deferred revenue	$94.6M+12.4%	$84.2M+6.9%	$78.8M-2.6%	$80.9M-18.0%
Current portion of long-term debt	$27.3M-6.5%	$29.2M+27.0%	$23M0.0%	$23M0.0%
Operating lease liabilities, current	$54.7M-2.1%	$55.9M-15.3%	$66M+10.0%	$60M-0.7%
Finance Lease Liability, Current	$48M-9.6%	$53.1M-4.8%	$55.8M-9.6%	$61.7M-4.5%
Contract liabilities	$2.6M+30.0%	$2M-62.3%	$5.3M-38.4%	$8.6M-36.8%
Accrued interest	$5.4M-27.0%	$7.4M-63.9%	$20.5M-43.5%	$36.3M+31.5%
Total current liabilities	$766.7M0.0%	$766.6M-4.1%	$799.5M-6.7%	$856.5M+2.3%
Long-term debt	$2.72B-1.4%	$2.76B-2.9%	$2.84B-13.8%	$3.3B-0.5%
Operating lease liabilities, non-current	$84.2M+8.2%	$77.8M+4.3%	$74.6M-12.0%	$84.8M-26.1%
Finance Lease Liabilities (Total)	$345.7M-0.1%	$346.2M-4.8%	$363.8M-2.3%	$372.2M-9.2%
Operating Lease Liabilities (Total)	$138.9M+3.9%	$133.7M-4.9%	$140.6M-2.9%	$144.8M-17.4%
Finance lease liabilities	$297.7M+1.6%	$293.1M-4.8%	$308M-0.8%	$310.5M-10.0%
Other non-current liabilities	$78M-17.9%	$95M-2.5%	$97.4M-7.9%	$105.7M-15.0%
Total liabilities	$4.02B-1.0%	$4.06B-4.5%	$4.25B-11.9%	$4.83B-3.5%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	1.5B+64,900%	2.3M+4.5%	2.2M0.0%	2.2M+4.8%
Additional paid-in capital	$2.71B+1.0%	$2.68B+1.7%	$2.64B+2.5%	$2.57B+2.9%
Retained earnings	-$3.91B-6.1%	-$3.68B-30.4%	-$2.82B-42.2%	-$1.99B-68.1%
Accumulated other comprehensive income (loss)	$7.5M-68.9%	$24.1M-60.0%	$60.3M-15.5%	$71.4M+935%
Treasury stock	$31M0.0%	$31M0.0%	$31M0.0%	$31M—
Total stockholders' equity	-$1.22B-21.4%	-$1B-550%	-$154.5M-125%	$629.5M-52.6%
Total liabilities and stockholders' equity	$2.8B-8.3%	$3.05B-25.4%	$4.1B-24.9%	$5.46B-13.8%
Allowance for Doubtful Accounts	$12.2M-54.8%	$27M+34.3%	$20.1M-18.3%	$24.6M+33.7%
Allowance for Doubtful Accounts Receivable (Current)	$12.2M-54.8%	$27M+34.3%	$20.1M-18.3%	$24.6M+33.7%
Other current assets	$61.1M-32.9%	$91.1M-20.2%	$114.2M-8.9%	$125.3M+139%
Accumulated Goodwill Impairment Losses	$1.42B0.0%	$1.42B+101%	$708.8M-19.6%	$881.9M—
Contract Assets, Non-Current	$3.5M-45.3%	$6.4M-25.6%	$8.6M-17.3%	$10.4M-20.6%
Deferred Tax Assets and Other Non-Current Assets	$102.7M-13.9%	$119.3M-21.3%	$151.6M-33.0%	$226.1M+27.5%
Finite Lived Intangible Assets - Gross	$1.96B+0.2%	$1.96B-0.1%	$1.96B+0.2%	$1.96B-3.5%
Intangible Assets Gross (Excluding Goodwill)	$2.1B+0.2%	$2.1B-1.0%	$2.12B-2.5%	$2.17B-4.6%
Net Investment in Lease	$144.6M+7.4%	$134.6M+6.6%	$126.3M-8.5%	$138M-14.7%
Intangible assets — net	$558.3M-20.8%	$704.7M-18.0%	$859M-15.7%	$1.02B-16.2%
Other intangible assets—net	$698.3M-17.3%	$844.7M-17.1%	$1.02B-17.6%	$1.24B-15.7%
Operating lease right-of-use assets	$144.6M+7.4%	$134.6M+6.6%	$126.3M-8.5%	$138M-14.7%
Other non-current assets	$102.7M-13.9%	$119.3M-21.3%	$151.6M-33.0%	$226.1M+27.5%
Property, plant and equipment, net	$596.3M-0.8%	$601M-1.3%	$608.8M-3.1%	$628.3M-24.0%
Operating Lease Right-of-Use Assets in Other Assets	$144.6M+7.4%	$134.6M+6.6%	$126.3M-8.5%	$138M-14.7%
Software and Technology Licenses, Net	$102.7M-13.9%	$119.3M-21.3%	$151.6M-33.0%	$226.1M+27.5%
Accrued Manufacturing Costs	$85.4M-11.7%	$96.7M+33.9%	$72.2M-24.2%	$95.3M-8.8%
Accrued Progress Collections and Price Adjustments	$2.6M+30.0%	$2M-62.3%	$5.3M-38.4%	$8.6M-36.8%
Accounts payable and other current liabilities (Note 11)	$413.9M+6.2%	$389.6M-10.0%	$432.7M-3.3%	$447.3M+21.1%
Compensation and benefits	$85.4M-11.7%	$96.7M+33.9%	$72.2M-24.2%	$95.3M-8.8%
Financing obligations	$14M-14.6%	$16.4M+17.1%	$14M-16.2%	$16.7M-65.2%
Other accrued liabilities	$23.4M-31.4%	$34.1M-6.6%	$36.5M+3.4%	$35.3M-14.3%
Contract Liabilities, Non-Current	$2.6M+30.0%	$2M-62.3%	$5.3M-38.4%	$8.6M-36.8%
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	-$256.8M+23.6%	-$336.2M-1,224%	$29.9M-2.6%	$30.7M-15.4%
Deferred revenue, net of current portion	$2.6M+30.0%	$2M-62.3%	$5.3M-38.4%	$8.6M-36.8%
Total debt	$3.23B-1.1%	$3.27B-3.0%	$3.37B-12.2%	$3.84B-2.1%
Total Carrying Value of Debt	$2.49B+1.6%	$2.45B-15.3%	$2.89B—	——
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	248.4M+7.0%	232.2M+5.3%	220.5M+2.2%	215.7M+2.1%
Convertible Preferred Stock Authorized Shares	5M0.0%	5M0.0%	5M0.0%	5M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—
Cumulative Gross Losses and Impairments	$1.42B0.0%	$1.42B+101%	$708.8M-19.6%	$881.9M—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$2.5M+8.7%	$2.3M+4.5%	$2.2M0.0%	$2.2M+4.8%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Deferred Revenue Timing Percentage	——	——	——	——
Allowance for doubtful accounts	$12.2M-54.8%	$27M+34.3%	$20.1M-18.3%	$24.6M+33.7%
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$1.5B0.0%	$1.5B0.0%	$1.5B0.0%	$1.5B0.0%
Common stock, shares issued (in shares)	$248.4M+7.0%	$232.2M+5.3%	$220.5M+2.2%	$215.7M+2.1%
Common Stock, Shares, Outstanding	$245.3M+7.1%	$229.1M+5.4%	$217.4M+2.3%	$212.6M+0.7%
Long-term debt, gross	$2.49B+1.6%	$2.45B-15.3%	$2.89B—	——
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	-$256.8M+23.6%	-$336.2M-1,224%	$29.9M—	——
Deferred income taxes	$34.7M+14.9%	$30.2M-61.9%	$79.2M-37.5%	$126.7M-38.4%
Current maturities of long-term debt	$48M-9.6%	$53.1M-4.8%	$55.8M-9.6%	$61.7M-4.5%
Financing obligations	$39.3M+0.3%	$39.2M-25.2%	$52.4M+10.1%	$47.6M-24.3%
Finite-Lived Intangible Assets, Accumulated Amortization	$1.4B+12.0%	$1.25B+13.8%	$1.1B+17.5%	$937.2M+15.6%
Gross Carrying Amount	$1.96B+0.2%	$1.96B-0.1%	$1.96B+0.2%	$1.96B-3.5%
Goodwill, Gross	$2.16B+0.2%	$2.16B-0.1%	$2.16B-28.8%	$3.04B—
Goodwill accumulated impairment losses	$1.42B0.0%	$1.42B+101%	$708.8M-19.6%	$881.9M—
Indefinite- lived intangible impairment	$2.1B+0.2%	$2.1B-1.0%	$2.12B-2.5%	$2.17B-4.6%
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—
Prepaid expenses	$84.4M-0.6%	$84.9M-2.9%	$87.4M-10.2%	$97.3M-11.5%
Property, equipment and software, at cost	$1.97B-2.2%	$2.01B-1.1%	$2.03B+1.0%	$2.01B-9.6%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	——	——	——	——
Sold receivables derecognized	$253.8M+16.0%	$218.7M-2.3%	$223.8M—	——
Treasury stock, shares (in shares)	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M—

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Questions, answered.

Can Rackspace Technology, Inc. cover its short-term obligations?: Its current ratio is 0.68 — current liabilities exceed current assets.
Where does Rackspace Technology, Inc.'s balance sheet data come from?: Every line is extracted from Rackspace Technology, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.