Pivotal Investment III (Pivotal Investment III) Total Current Assets : $0.07 Mil (As of Jun. 2023)

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What is Pivotal Investment III Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pivotal Investment III's total current assets for the quarter that ended in Jun. 2023 was $0.07 Mil.

Pivotal Investment III Total Current Assets Historical Data

The historical data trend for Pivotal Investment 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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Pivotal Investment III Total Current Assets Chart

Pivotal Investment III Annual Data

Trend

Dec20

Dec21

Dec22

Total Current Assets

0.70

0.37

Pivotal Investment III Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Current Assets	Get a 7-Day Free Trial						0.31	0.13	0.37	0.16	0.07

Pivotal Investment 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.

Pivotal Investment III's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.355	+	0	+	0	+	0.012
	=	0.37

Pivotal Investment III's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.029	+	0	+	0	+	0.043
	=	0.07

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.

Pivotal Investment III (OTCPK:PICC) 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.

Pivotal Investment III's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.029	-	12.039	+	0.75 * 0	+	0.5 * 0
=	-12.01

Pivotal Investment III Total Current Assets Related Terms

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Pivotal Investment III (Pivotal Investment III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pivotal Investment Corp III (OTCPK:PICC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Graubard Miller, 405 Lexington Avenue, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.pivotalic.com

Pivotal Investment Corp III is a blank check company.

Executives

Jonathan J Ledecky	director, 10 percent owner	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Kevin Griffin	director, 10 percent owner, officer: Chief Executive Officer	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Pivotal Investment Holdings Iii Llc	10 percent owner	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Kristen Dumont	director	C/O KHOSLA VENTURES ACQUISITION CO. IV, 2128 SAND HILL RD, MENLO PARK CA 94025
Katherine Oliver	director	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
James Hr Brady	officer: Chief Financial Officer	1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191
Katrina Adams	director	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Greg Racz	officer: Chief Operating Officer	C/O OCTAVIAN GLOBAL PARTNERS, LLC, 650 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022

Pivotal Investment III (Pivotal Investment III) Headlines

From GuruFocus

Pivotal Investment Corp. III to Appeal Delisting Determination by NYSE

By sperokesalga sperokesalga • 03-01-2023

Pivotal Investment Corp. III Announces Closing of $276,000,000 Initial Public Offering

By Business Wire Business Wire • 02-12-2021

Pivotal Investment Corporation III Announces Process and Timing of Redemption of Public Shares

By Marketwired • 09-01-2023