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RMG Acquisition II (RMG Acquisition II) Total Current Liabilities : $1.47 Mil (As of Dec. 2020)


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What is RMG Acquisition II 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 II's total current liabilities for the quarter that ended in Dec. 2020 was $1.47

RMG Acquisition II Total Current Liabilities Historical Data

The historical data trend for RMG Acquisition II'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 II Total Current Liabilities Chart

RMG Acquisition II Annual Data
Trend Dec20
Total Current Liabilities
1.47

RMG Acquisition II Semi-Annual Data
Dec20
Total Current Liabilities 1.47

RMG Acquisition II 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 II's Total Current Liabilities for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.465+0.151
+Other Current Liabilities+Current Deferred Liabilities
=-0.151+0
=1.47

RMG Acquisition II's Total Current Liabilities for the quarter that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.465+0.151
+Other Current Liabilities+Current Deferred Liabilities
=-0.151+0
=1.47

* 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 II Total Current Liabilities Related Terms

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RMG Acquisition II (RMG Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp II (NAS:RMGBU) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
N/A
Address
50 West Street, Suite 40C, New York, NY, USA, 10006
Website
http://www.rmgacquisition.com
RMG Acquisition Corp II is a blank check company.
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, CEO 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 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 Ii, Llc 10 percent owner 50 WEST STREET, SUITE 40 C, NEW YORK NY 10006

RMG Acquisition II (RMG Acquisition II) Headlines

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