RMG Acquisition III (RMG Acquisition III) Cash-to-Debt : 0.37 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is RMG Acquisition III Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. RMG Acquisition III's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, RMG Acquisition III couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for RMG Acquisition III's Cash-to-Debt or its related term are showing as below:

RMGCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.37 Max: No Debt
Current: 0.37

During the past 3 years, RMG Acquisition III's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.37.

RMGCF's Cash-to-Debt is ranked worse than
65.65% of 556 companies
in the Diversified Financial Services industry
Industry Median: 2.34 vs RMGCF: 0.37

RMG Acquisition III Cash-to-Debt Historical Data

The historical data trend for RMG Acquisition III's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

RMG Acquisition III Cash-to-Debt Chart

RMG Acquisition III Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

No Debt

0.04

RMG Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							0.17	0.04	0.02	0.04	0.37

Competitive Comparison of RMG Acquisition III's Cash-to-Debt

For the Shell Companies subindustry, RMG Acquisition III's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RMG Acquisition III's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, RMG Acquisition III's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where RMG Acquisition III's Cash-to-Debt falls into.

RMG Acquisition III Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

RMG Acquisition III's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.022	/	(0	+	0.5)
	=	0.04

RMG Acquisition III's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.311	/	(0	+	0.85)
	=	0.37

RMG Acquisition III (OTCPK:RMGCF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

RMG Acquisition III Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of RMG Acquisition III's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Cash-to-Debt

Comparable Companies

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