Varun Krishna - Rocket CompaniesInc CEO Director

RKT Stock  USD 12.35  0.15  1.23%   

CEO

Varun Krishna is CEO Director of Rocket CompaniesInc
Age 41
Address 1050 Woodward Avenue, Detroit, MI, United States, 48226
Phone313 373 7990
Webhttps://www.rocketcompanies.com

Rocket CompaniesInc Management Efficiency

Return On Tangible Assets is likely to gain to -0.0013 in 2024. Return On Capital Employed is likely to gain to -0.0021 in 2024. At this time, Rocket CompaniesInc's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 13.9 B in 2024, whereas Total Current Liabilities is likely to drop slightly above 162.8 M in 2024. Rocket CompaniesInc's management efficiency ratios could be used to measure how well Rocket CompaniesInc manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 9.56 B in debt with debt to equity (D/E) ratio of 1.31, which is OK given its current industry classification. Rocket CompaniesInc has a current ratio of 3.95, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Rocket CompaniesInc until it has trouble settling it off, either with new capital or with free cash flow. So, Rocket CompaniesInc's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Rocket CompaniesInc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Rocket to invest in growth at high rates of return. When we think about Rocket CompaniesInc's use of debt, we should always consider it together with cash and equity.

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Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc. Rocket Companies operates under Mortgage Finance classification in the United States and is traded on New York Stock Exchange. It employs 26000 people. Rocket CompaniesInc (RKT) is traded on New York Stock Exchange in USA. It is located in 1050 Woodward Avenue, Detroit, MI, United States, 48226 and employs 14,700 people. Rocket CompaniesInc is listed under Thrifts & Mortgage Finance category by Fama And French industry classification.

Management Performance

Rocket CompaniesInc Leadership Team

Elected by the shareholders, the Rocket CompaniesInc's board of directors comprises two types of representatives: Rocket CompaniesInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rocket. The board's role is to monitor Rocket CompaniesInc's management team and ensure that shareholders' interests are well served. Rocket CompaniesInc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rocket CompaniesInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tim Birkmeier, President - Rocket Mortgage
William Banfield, Executive Mortgage
Varun Krishna, CEO Director
Nicole Beattie, Chief Amrock
KimArie Yowell, Chief Officer
Carter Zimmerman, President ULC
Nancy Tellem, Independent Director
Jonathan Mildenhall, Chief Officer
Brian Woodring, Chief Mortgage
Haroon JD, CEO Money
Heather Lovier, Chief Officer
Daniel Gilbert, Chairman of the Board of Directors
Suzanne Shank, Independent Director
Julie Booth, Chief Financial Officer, Treasurer
LaQuanda Sain, Executive Mortgage
Jennifer Gilbert, Director
Robert Walters, President, Chief Operating Officer, Chief Executive Officer - Rocket Mortgage
Sharon Ng, Vice Relations
Tina John, General Secretary
Jonathan Mariner, Independent Director
Matthew Rizik, Director
Brian Brown, CFO Treasurer
Bill Banfield, Executive Mortgage
Angelo Vitale, General Counsel, Secretary
Doug Seabolt, Chief Homes
Noah Edwards, Chief Officer
William Emerson, COO President
Jay Farner, Chief Executive Officer, Vice Chairman of the Board, Chief Executive Officer - Rocket Central

Rocket Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Rocket CompaniesInc a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Rocket CompaniesInc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Rocket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Rocket Companiesinc Stock. Highlighted below are key reports to facilitate an investment decision about Rocket Companiesinc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket CompaniesInc. Also, note that the market value of any company could be tightly coupled 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 CompaniesInc guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Rocket CompaniesInc's price analysis, check to measure Rocket CompaniesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocket CompaniesInc is operating at the current time. Most of Rocket CompaniesInc's value examination focuses on studying past and present price action to predict the probability of Rocket CompaniesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket CompaniesInc's price. Additionally, you may evaluate how the addition of Rocket CompaniesInc to your portfolios can decrease your overall portfolio volatility.
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Is Rocket CompaniesInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rocket CompaniesInc. If investors know Rocket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rocket CompaniesInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.075
Earnings Share
1.802
Revenue Per Share
31.14
Quarterly Revenue Growth
0.493
Return On Assets
(0)
The market value of Rocket CompaniesInc is measured differently than its book value, which is the value of Rocket that is recorded on the company's balance sheet. Investors also form their own opinion of Rocket CompaniesInc's value that differs from its market value or its book value, called intrinsic value, which is Rocket CompaniesInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rocket CompaniesInc's market value can be influenced by many factors that don't directly affect Rocket CompaniesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocket CompaniesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocket CompaniesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocket CompaniesInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.