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RMG Acquisition III (RMG Acquisition III) Total Current Liabilities : $7.87 Mil (As of Sep. 2023)


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What is RMG Acquisition III Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. RMG Acquisition III's total current liabilities for the quarter that ended in Sep. 2023 was $7.87

RMG Acquisition III Total Current Liabilities Historical Data

The historical data trend for RMG Acquisition III's Total Current Liabilities 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.

* Premium members only.

RMG Acquisition III Total Current Liabilities Chart

RMG Acquisition III Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
0.03 0.16 1.17

RMG Acquisition III Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 1.17 3.13 6.79 7.87

RMG Acquisition III Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

RMG Acquisition III's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.173+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1.17

RMG Acquisition III's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=7.874+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=7.87

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

RMG Acquisition III Total Current Liabilities Related Terms

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RMG Acquisition III (RMG Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp III (OTCPK:RMGCF) » Definitions » Total Current Liabilities
Comparable Companies
CNDB ALSA TWLV FDOC FRXB CSTA IRRX FLFV LGVC BRD PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
RMGCU:USA
Address
5775 Collins Avenue, Suite 403, 57 Ocean, Miami Beach, FL, USA, 33140
Website
https://www.rmgacquisition.com
RMG Acquisition Corp III is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
W Grant Gregory director C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Philip Kassin director, 10 percent owner, officer: President, COO 3 COLUMBUS CIRCLE, NEW YORK NY 10019
Catherine Rice director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Robert S. Mancini director, 10 percent owner, officer: Chief Executive Officer C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
David James Carpenter director, 10 percent owner C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Mkc Investments Llc director, 10 percent owner C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
W. Thaddeus Miller director 717 TEXAS AVENUE, SUITE 1000, HOUSTON TX 77002
Craig W. Broderick director C/O RMG ACQUISITION CORP., SUITE 40C, 50 WEST STREET, NEW YORK NY 10006
Wesley Sima officer: Chief Financial Officer C/O RMG ACQUISITION CORP. II, 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Rmg Sponsor Iii, Llc 10 percent owner 50 WEST STREET, SUITE 40C, NEW YORK NY 10006

RMG Acquisition III (RMG Acquisition III) Headlines

From GuruFocus

RMG Acquisition Corp. III Announces Closing of $483,000,000 Initial Public Offering

By Business Wire Business Wire • 02-09-2021

RMG Acquisition Corp. III Announces Cancellation of Dissolution

By Business Wire • 04-19-2024

RMG Acquisition Corp. III Announces Liquidation

By Business Wire • 04-09-2024

Letter of intent for H2B2 Electrolysis Technologies, a Leading Developer and Operator of Green Hydrogen Production Systems for Clean Energy Generation, to Go Public on the NASDAQ via a Business Combination with RMG Acquisition Corporation III

By Business Wire Business Wire • 01-04-2023

RMG Acquisition Corp. III Announces Delisting from Nasdaq

By Business Wire • 04-22-2024

H2B2 Electrolysis Technologies, Inc., a Global Green Hydrogen Platform Providing Bespoke Integrated Solutions Across the Hydrogen Value Chain, to Go Public on the NASDAQ via a Proposed Business Combination with RMG Acquisition Corp. III

By Business Wire Business Wire • 05-11-2023

RMG Acquisition Corp. III Announces Receipt of Nasdaq Listing Delinquency Letter and Nasdaq Listing Compliance Determination Letter

By Business Wire Business Wire • 06-02-2023

RMG Acquisition Corp. III Receives Expected Notice From Nasdaq Regarding Delayed Quarterly Report

By Business Wire Business Wire • 06-02-2021

RMG Acquisition Corp. III Announces Adjournment of Special Meeting of Shareholders Until 10:00 AM Eastern Time On January 11, 2023

By Business Wire Business Wire • 01-10-2023