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G&P Acquisition (G&P Acquisition) Total Current Assets : $0.18 Mil (As of Sep. 2022)


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What is G&P Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. G&P Acquisition's total current assets for the quarter that ended in Sep. 2022 was $0.18 Mil.

G&P Acquisition Total Current Assets Historical Data

The historical data trend for G&P Acquisition'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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G&P Acquisition Total Current Assets Chart

G&P Acquisition Annual Data
Trend Dec20 Dec21
Total Current Assets
0.03 0.85

G&P Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Assets Get a 7-Day Free Trial 0.92 0.85 0.56 0.30 0.18

G&P Acquisition 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.

G&P Acquisition'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
=0.544+0+0+0.304
=0.85

G&P Acquisition'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
=0.018+0+0+0.162
=0.18

* 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.

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.

G&P Acquisition  (OTCPK:GAPAU) 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.

G&P Acquisition'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)
=0.018-7.231+0.75 * 0+0.5 * 0
=-7.21

* 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.

G&P Acquisition Total Current Assets Related Terms

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G&P Acquisition (G&P Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » G&P Acquisition Corp (OTCPK:GAPAU) » Definitions » Total Current Assets
Comparable Companies
DSAC BRPM ISAA SZZL CLAQ CENQ ARCK PMVC TPBA AXAC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
222 Bellevue Avenue, Newport, RI, USA, 02840
Website
https://www.gapacq.com
G&P Acquisition Corp is a blank check company.
Executives
Nicholas Radesca director C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
M. Therese Antone director 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Weil Edward M Jr. director C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Nicholas S Schorsch director, 10 percent owner
Leslie D Michelson director PRIVATE HEALTH MANAGEMENT, 9200 SUNSET BLVD, SUITE 110, LOS ANGELES CA 90069
G&p Sponsor, Llc director, 10 percent owner 650 FIFTH AVENUE, FL 30, NEW YORK NY 10019
Michael Ray Anderson officer: General Counsel and Secretary 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Brendan T. O'donnell officer: Chief Executive Officer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Joseph Marnikovic officer: CFO & Treasurer 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Schorsch Nicholas S. Jr. officer: President 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019

G&P Acquisition (G&P Acquisition) Headlines

From GuruFocus

G&P Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By PRNewswire PRNewswire • 11-15-2022

G&P Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering

By PRNewswire PRNewswire • 03-11-2021