Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Total Current Assets : $1.05 Mil (As of Sep. 2022)

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What is Ascendant Digital Acquisition III Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ascendant Digital Acquisition III's total current assets for the quarter that ended in Sep. 2022 was $1.05 Mil.

Ascendant Digital Acquisition III Total Current Assets Historical Data

The historical data trend for Ascendant Digital Acquisition III's Total Current Assets 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.

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Ascendant Digital Acquisition III Total Current Assets Chart

Ascendant Digital Acquisition III Annual Data

Trend

Dec21

Total Current Assets

1.80

Ascendant Digital Acquisition III Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Assets	Get a 7-Day Free Trial			0.01	1.80	1.57	1.26	1.05

Ascendant Digital Acquisition III Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Ascendant Digital Acquisition III's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.831	+	0	+	0	+	0.971
	=	1.80

Ascendant Digital Acquisition III's Total Current Assets for the quarter that ended in Sep. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.456	+	0	+	0	+	0.594
	=	1.05

Total Current Assets is linked to the Current Ratio, which is the result of 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.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Ascendant Digital Acquisition III (NYSE:ACDI.U) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Ascendant Digital Acquisition III's Liquidation Value for the quarter that ended in Sep. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.456	-	12.162	+	0.75 * 0	+	0.5 * 0
=	-11.71

Ascendant Digital Acquisition III Total Current Assets Related Terms

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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ascendant Digital Acquisition Corp III (NYSE:ACDI.U) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

667 Madison Avenue, 5th Floor, New York, NY, USA, 10065

Website

https://www.ascendant.digital

Ascendant Digital Acquisition Corp III is a blank check company.

Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Headlines

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