RMG Acquisition Corp. III (RMGCF) — Working Capital to Net Assets Ratio
RMG Acquisition Corp. III (RMGCF) has a Working Capital to Net Assets ratio of 68.0% as of September 2023. Working capital of $-7.51 Million (current assets of $362.21K minus current liabilities of $7.87 Million) is measured against net assets of $-11.04 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See RMG Acquisition Corp. III (RMGCF) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
RMG Acquisition Corp. III Working Capital to Net Assets (2020–2022)
This chart shows how RMG Acquisition Corp. III's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2020 to 2022. As of September 2023, the ratio stands at 68.0%, reflecting working capital of $-7.51 Million against net assets of $-11.04 Million USD. See RMG Acquisition Corp. III balance sheet quality to measure how much of total assets are equity-financed.
Annual Working Capital to Net Assets for RMG Acquisition Corp. III (2020–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for RMG Acquisition Corp. III from 2020 to 2022, covering 3 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market value of RMG Acquisition Corp. III.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | -0.2% | $-1.10 Million | $467.98 Million | $73.23K | $1.17 Million | ▼ -0.3 pp |
| 2021 | 0.1% | $497.96K | $452.10 Million | $661.66K | $163.69K | ▲ +144.7 pp |
| 2020 | -144.6% | $-14.78K | $10.22K | $10.22K | $25.00K | — |