RMG Acquisition Corp. III
RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida. RMG Acquisition Corp. III is a subsidiary of RMG Sponsor III, LLC.
RMG Acquisition Corp. III (RMGCF) - Total Assets
Latest total assets as of September 2023: $7.02 Million USD
Based on the latest financial reports, RMG Acquisition Corp. III (RMGCF) holds total assets worth $7.02 Million USD as of September 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
RMG Acquisition Corp. III - Total Assets Trend (2020–2022)
This chart illustrates how RMG Acquisition Corp. III’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
RMG Acquisition Corp. III - Asset Composition Analysis
Current Asset Composition (September 2022)
RMG Acquisition Corp. III's total assets of $7.02 Million consist of 0.0% current assets and 100.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2022)
This chart illustrates how RMG Acquisition Corp. III's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: RMG Acquisition Corp. III's current assets represent 0.0% of total assets in 2022, a decrease from 29.0% in 2020.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2022, the same as 0.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
RMG Acquisition Corp. III Competitors by Total Assets
Key competitors of RMG Acquisition Corp. III based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
464680
KQ:464680
|
Korea | ₩31.23 Billion |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
USA | $281.56 Million |
|
Azure Holding Group Corp
PINK:AZRH
|
USA | $16.92 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
RMG Acquisition Corp. III - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - RMG Acquisition Corp. III generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, RMG Acquisition Corp. III generates $ 3.26 in net profit.
RMG Acquisition Corp. III - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.05 | 0.47 | 8.47 |
| Quick Ratio | 0.05 | 0.47 | 8.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-7.51 Million | $ -336.81K | $ 835.83K |
RMG Acquisition Corp. III - Advanced Valuation Insights
This section examines the relationship between RMG Acquisition Corp. III's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.30 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 0.7% |
| Total Assets | $487.34 Million |
| Market Capitalization | $3.94 Million USD |
Valuation Analysis
Below Book Valuation: The market values RMG Acquisition Corp. III's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: RMG Acquisition Corp. III's assets grew by 0.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for RMG Acquisition Corp. III (2020–2022)
The table below shows the annual total assets of RMG Acquisition Corp. III from 2020 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-09-30 | $487.34 Million | +0.75% |
| 2021-09-30 | $483.72 Million | +1373288.18% |
| 2020-09-30 | $35.22K | -- |