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Northern Genesis Acquisition III (Northern Genesis Acquisition III) Total Current Assets : $0.23 Mil (As of Sep. 2022)


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What is Northern Genesis Acquisition III Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Northern Genesis Acquisition III's total current assets for the quarter that ended in Sep. 2022 was $0.23 Mil.

Northern Genesis Acquisition III Total Current Assets Historical Data

The historical data trend for Northern Genesis 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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Northern Genesis Acquisition III Total Current Assets Chart

Northern Genesis Acquisition III Annual Data
Trend Dec21
Total Current Assets
0.33

Northern Genesis Acquisition III Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Assets Get a 7-Day Free Trial 0.77 0.33 0.11 0.24 0.23

Northern Genesis 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.

Northern Genesis 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
=0.257+0+0+0.074
=0.33

Northern Genesis 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
=0.077+0+0+0.152
=0.23

* 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.

Northern Genesis Acquisition III  (NYSE:NGC.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.

Northern Genesis 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)
=0.077-8.221+0.75 * 0+0.5 * 0
=-8.14

* 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.

Northern Genesis Acquisition III Total Current Assets Related Terms

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Northern Genesis Acquisition III (Northern Genesis Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Genesis Acquisition Corp III (NYSE:NGC.U) » Definitions » Total Current Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
4801 Main Street, Suite 1000, Kansas City, MO, USA, 64112
Website
https://www.northerngenesis.com
Northern Genesis Acquisition Corp III is a blank check company.
Executives
Michael B Hoffman officer: President 1 GREENWICH OFFICE PARK, GREENWICH CT 06831
Paul Dalglish director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Robert Ian Schaefer director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Brad Sparkes director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Kenneth Manget officer: Chief Financial Officer C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112