RMG Acquisition Corp. III (RMGCF) - Total Assets
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. See RMGCF equity financing ratio to measure how much of total assets are equity-financed.
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. Check RMGCF cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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. For live market cap, price, and company overview, see market cap of RMG Acquisition Corp. III.
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 |
|---|---|---|
|
Churchill Capital Corp XI
NASDAQ:CCXI
|
USA | $415.91 Million |
|
Alussa Energy Acquisition Corp. II
NYSE:ALUB
|
USA | $292.38 Million |
|
Artius II Acquisition Inc. Units
NASDAQ:AACBU
|
USA | $230.30 Million |
|
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.)
NYSE:LION
|
USA | $5.33 Billion |
|
Cantor Equity Partners III, Inc. Class A Ordinary Shares
NASDAQ:CAEP
|
USA | $284.57 Million |
|
Meshflow Acquisition Corp. Class A Ordinary Shares
NASDAQ:MESH
|
USA | $349.86 Million |
|
KRAKacquisition Corp Class A Ordinary Shares
NASDAQ:KRAQ
|
USA | $347.95 Million |
|
Insight Digital Partners II Class A Ordinary Shares
NASDAQ:DYOR
|
USA | $176.28 Million |
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 | 0.06 |
| Asset Growth Rate (YoY) | 0.7% |
| Total Assets | $487.34 Million |
| Market Capitalization | $28.63 Million USD |
Valuation Analysis
Below Book Valuation: The market values RMG Acquisition Corp. III's assets below their book value (0.06x), 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 | -- |
About 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.