RMG Acquisition III (RMG Acquisition III) Equity-to-Asset : -1.57 (As of Sep. 2023)

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What is RMG Acquisition III Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. RMG Acquisition III's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-11.04 Mil. RMG Acquisition III's Total Assets for the quarter that ended in Sep. 2023 was $7.02 Mil.

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

RMGCF' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.57 Med: 0.92 Max: 0.96
Current: -1.57

During the past 3 years, the highest Equity to Asset Ratio of RMG Acquisition III was 0.96. The lowest was -1.57. And the median was 0.92.

RMGCF's Equity-to-Asset is ranked worse than
90.05% of 633 companies
in the Diversified Financial Services industry
Industry Median: 0.82 vs RMGCF: -1.57

RMG Acquisition III Equity-to-Asset Historical Data

The historical data trend for RMG Acquisition III's Equity-to-Asset 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 III Equity-to-Asset Chart

RMG Acquisition III Annual Data

Trend

Dec20

Dec21

Dec22

Equity-to-Asset

0.29

0.94

0.96

RMG Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial							0.96	0.96	-1.18	-0.62	-1.57

Competitive Comparison of RMG Acquisition III's Equity-to-Asset

For the Shell Companies subindustry, RMG Acquisition III's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Diversified Financial Services Industry

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

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

RMG Acquisition III Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	467.977	/	487.342
	=

RMG Acquisition III's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-11.042	/	7.017
	=

RMG Acquisition III (OTCPK:RMGCF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

RMG Acquisition III Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of RMG Acquisition III's Equity-to-Asset 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 » Equity-to-Asset

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