Rocket Net Working Capital vs Short Term Debt Analysis

RCKT Stock

USD 14.39 0.19 1.34%

Rocket Pharmaceuticals financial indicator trend analysis is much more than just breaking down Rocket Pharmaceuticals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocket Pharmaceuticals is a good investment. Please check the relationship between Rocket Pharmaceuticals Net Working Capital and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Pharmaceuticals guide.

Net Working Capital vs Short Term Debt

Net Working Capital vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocket Pharmaceuticals Net Working Capital account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Rocket Pharmaceuticals' Net Working Capital and Short Term Debt is 0.79. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Rocket Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Rocket Pharmaceuticals' Net Working Capital and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Rocket Pharmaceuticals are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Working Capital i.e., Rocket Pharmaceuticals' Net Working Capital and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Working Capital

Short Term Debt

Most indicators from Rocket Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocket Pharmaceuticals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Pharmaceuticals guide.At this time, Rocket Pharmaceuticals' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.6 B in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 203.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	5.9M	1.9M	1.9M	3.3M
Depreciation And Amortization	5.4M	6.3M	7.1M	7.5M

Interest Expense Depreciation And Amortization

Rocket Pharmaceuticals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.54	0.81	0.83	0.95	-0.24	-0.77	-0.69	0.36	0.8	0.84	0.8	0.99	0.91	0.88	-0.09	0.96	0.84	0.63	0.99	0.69	0.89	0.41	0.99	-0.18	0.64
Short Long Term Debt Total	0.54		0.38	0.37	0.49	0.05	-0.46	-0.19	-0.04	0.63	0.29	0.4	0.62	0.51	0.42	0.57	0.57	0.36	0.73	0.62	0.18	0.45	-0.09	0.54	-0.48	0.89
Other Current Liab	0.81	0.38		0.99	0.92	-0.06	-0.37	-0.92	0.32	0.39	0.98	0.67	0.76	0.91	0.97	-0.16	0.73	0.97	0.59	0.76	0.55	0.96	0.82	0.81	0.25	0.55
Total Current Liabilities	0.83	0.37	0.99		0.93	-0.06	-0.41	-0.92	0.32	0.42	0.98	0.68	0.78	0.91	0.96	-0.16	0.76	0.98	0.6	0.78	0.63	0.95	0.81	0.82	0.24	0.52
Total Stockholder Equity	0.95	0.49	0.92	0.93		-0.14	-0.7	-0.81	0.31	0.71	0.93	0.75	0.94	0.98	0.96	-0.18	0.91	0.94	0.56	0.94	0.66	0.97	0.56	0.96	-0.08	0.61
Current Deferred Revenue	-0.24	0.05	-0.06	-0.06	-0.14		0.23	0.05	-0.95	-0.2	-0.19	-0.18	-0.17	-0.07	-0.06	0.14	-0.33	-0.08	-0.03	-0.18	-0.13	-0.09	-0.13	-0.17	-0.04	-0.04
Net Debt	-0.77	-0.46	-0.37	-0.41	-0.7	0.23		0.2	-0.17	-0.98	-0.43	-0.64	-0.83	-0.63	-0.55	0.06	-0.84	-0.43	-0.33	-0.83	-0.6	-0.54	0.13	-0.79	0.53	-0.38
Retained Earnings	-0.69	-0.19	-0.92	-0.92	-0.81	0.05	0.2		-0.34	-0.21	-0.93	-0.49	-0.62	-0.79	-0.86	0.31	-0.59	-0.96	-0.41	-0.62	-0.5	-0.86	-0.87	-0.69	-0.26	-0.45
Accounts Payable	0.36	-0.04	0.32	0.32	0.31	-0.95	-0.17	-0.34		0.14	0.43	0.27	0.26	0.25	0.27	-0.23	0.4	0.33	0.12	0.27	0.21	0.31	0.43	0.29	0.19	0.12
Cash	0.8	0.63	0.39	0.42	0.71	-0.2	-0.98	-0.21	0.14		0.43	0.65	0.86	0.66	0.56	0.08	0.86	0.44	0.45	0.86	0.56	0.56	-0.15	0.81	-0.58	0.53
Non Current Assets Total	0.84	0.29	0.98	0.98	0.93	-0.19	-0.43	-0.93	0.43	0.43		0.69	0.78	0.9	0.97	-0.23	0.77	0.98	0.54	0.78	0.63	0.95	0.82	0.83	0.25	0.49
Non Currrent Assets Other	0.8	0.4	0.67	0.68	0.75	-0.18	-0.64	-0.49	0.27	0.65	0.69		0.78	0.75	0.76	0.13	0.76	0.64	0.67	0.78	0.53	0.72	0.33	0.79	-0.01	0.45
Cash And Short Term Investments	0.99	0.62	0.76	0.78	0.94	-0.17	-0.83	-0.62	0.26	0.86	0.78	0.78		0.91	0.85	-0.04	0.97	0.79	0.62	1.0	0.67	0.87	0.3	0.99	-0.3	0.67
Common Stock Total Equity	0.91	0.51	0.91	0.91	0.98	-0.07	-0.63	-0.79	0.25	0.66	0.9	0.75	0.91		0.96	-0.19	0.85	0.92	0.53	0.91	0.52	0.99	0.56	0.93	-0.08	0.66
Common Stock Shares Outstanding	0.88	0.42	0.97	0.96	0.96	-0.06	-0.55	-0.86	0.27	0.56	0.97	0.76	0.85	0.96		-0.16	0.81	0.96	0.58	0.85	0.59	0.98	0.68	0.89	0.12	0.59
Non Current Liabilities Total	-0.09	0.57	-0.16	-0.16	-0.18	0.14	0.06	0.31	-0.23	0.08	-0.23	0.13	-0.04	-0.19	-0.16		-0.03	-0.23	0.66	-0.04	-0.04	-0.22	-0.33	-0.14	-0.1	0.31
Other Current Assets	0.96	0.57	0.73	0.76	0.91	-0.33	-0.84	-0.59	0.4	0.86	0.77	0.76	0.97	0.85	0.81	-0.03		0.76	0.62	0.97	0.75	0.82	0.31	0.95	-0.23	0.59
Other Stockholder Equity	0.84	0.36	0.97	0.98	0.94	-0.08	-0.43	-0.96	0.33	0.44	0.98	0.64	0.79	0.92	0.96	-0.23	0.76		0.52	0.79	0.6	0.96	0.78	0.84	0.13	0.57
Total Liab	0.63	0.73	0.59	0.6	0.56	-0.03	-0.33	-0.41	0.12	0.45	0.54	0.67	0.62	0.53	0.58	0.66	0.62	0.52		0.63	0.49	0.53	0.28	0.58	0.04	0.65
Total Current Assets	0.99	0.62	0.76	0.78	0.94	-0.18	-0.83	-0.62	0.27	0.86	0.78	0.78	1.0	0.91	0.85	-0.04	0.97	0.79	0.63		0.67	0.87	0.31	0.99	-0.3	0.67
Short Term Debt	0.69	0.18	0.55	0.63	0.66	-0.13	-0.6	-0.5	0.21	0.56	0.63	0.53	0.67	0.52	0.59	-0.04	0.75	0.6	0.49	0.67		0.52	0.33	0.67	0.06	0.1
Common Stock	0.89	0.45	0.96	0.95	0.97	-0.09	-0.54	-0.86	0.31	0.56	0.95	0.72	0.87	0.99	0.98	-0.22	0.82	0.96	0.53	0.87	0.52		0.67	0.9	0.03	0.62
Other Liab	0.41	-0.09	0.82	0.81	0.56	-0.13	0.13	-0.87	0.43	-0.15	0.82	0.33	0.3	0.56	0.68	-0.33	0.31	0.78	0.28	0.31	0.33	0.67		0.39	0.64	0.16
Net Tangible Assets	0.99	0.54	0.81	0.82	0.96	-0.17	-0.79	-0.69	0.29	0.81	0.83	0.79	0.99	0.93	0.89	-0.14	0.95	0.84	0.58	0.99	0.67	0.9	0.39		-0.23	0.64
Other Assets	-0.18	-0.48	0.25	0.24	-0.08	-0.04	0.53	-0.26	0.19	-0.58	0.25	-0.01	-0.3	-0.08	0.12	-0.1	-0.23	0.13	0.04	-0.3	0.06	0.03	0.64	-0.23		-0.35
Long Term Debt	0.64	0.89	0.55	0.52	0.61	-0.04	-0.38	-0.45	0.12	0.53	0.49	0.45	0.67	0.66	0.59	0.31	0.59	0.57	0.65	0.67	0.1	0.62	0.16	0.64	-0.35

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Rocket Pharmaceuticals Account Relationship Matchups

Rocket Pharmaceuticals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	372.1M	590.8M	497.0M	551.8M	566.3M	292.8M
Short Long Term Debt Total	47.4M	61.7M	22.6M	22.9M	25.0M	30.8M
Other Current Liab	16.8M	23.2M	17.1M	34.2M	43.1M	45.2M
Total Current Liabilities	18.3M	32.6M	22.2M	39.2M	48.5M	50.9M
Total Stockholder Equity	307.3M	503.5M	454.7M	489.7M	492.6M	517.2M
Current Deferred Revenue	562K	590K	(482.0)	(36.7M)	10.1M	10.6M
Net Debt	(137.9M)	(235.4M)	(210.1M)	(117.7M)	(30.9M)	(32.4M)
Retained Earnings	(183.1M)	(322.8M)	(491.9M)	(713.8M)	(959.4M)	(911.4M)
Accounts Payable	340.0	835.0	482.0	36.7M	1.8K	1.7K
Cash	185.4M	297.1M	232.7M	140.5M	55.9M	53.1M
Non Current Assets Total	64.4M	103.5M	105.0M	187.7M	188.1M	197.5M
Non Currrent Assets Other	2.0M	2.0M	1.8M	1.9M	1.9M	1.2M
Cash And Short Term Investments	304.1M	482.7M	388.7M	356.4M	373.2M	226.1M
Common Stock Total Equity	452K	548K	610K	645K	741.8K	778.8K
Common Stock Shares Outstanding	49.0M	55.4M	63.2M	68.1M	84.0M	88.2M
Liabilities And Stockholders Equity	372.1M	590.8M	497.0M	551.8M	566.3M	292.8M
Non Current Liabilities Total	46.5M	54.7M	20.1M	23.0M	25.3M	29.4M
Other Current Assets	3.6M	9.3M	6.6M	7.7M	5.0M	3.6M
Other Stockholder Equity	489.9M	825.8M	946.2M	1.2B	1.5B	1.5B
Total Liab	64.8M	87.3M	42.3M	62.1M	73.8M	59.0M
Total Current Assets	307.8M	487.3M	392.1M	364.1M	378.2M	229.0M
Accumulated Other Comprehensive Income	20K	(42K)	(161K)	(357K)	319K	335.0K
Short Term Debt	957K	9.4M	5.1M	5.0M	5.4M	3.5M
Common Stock	548K	610K	645K	791K	903K	948.2K
Other Liab	23K	136K	80K	2.6M	3.0M	3.1M
Net Tangible Assets	307.3M	503.5M	454.8M	424.8M	488.5M	252.1M
Long Term Debt	49.5M	41.4M	45.0M	35.1M	40.3M	35.0M
Property Plant And Equipment Net	31.3M	70.6M	72.3M	77.6M	87.6M	92.0M
Retained Earnings Total Equity	(105.9M)	(183.1M)	(322.8M)	(491.9M)	(442.7M)	(420.6M)
Short Term Investments	118.7M	185.6M	156.0M	215.9M	317.3M	333.1M
Capital Surpluse	300.3M	489.9M	825.8M	946.2M	1.1B	549.2M
Property Plant And Equipment Gross	31.3M	70.6M	77.6M	86.7M	101.6M	106.7M
Property Plant Equipment	29.3M	19.2M	72.3M	77.6M	89.3M	93.8M
Long Term Debt Total	49.5M	41.4M	45.0M	35.1M	31.6M	35.2M

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