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ACE Convergence Acquisition (ACE Convergence Acquisition) Total Current Liabilities : $18.74 Mil (As of Sep. 2022)


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What is ACE Convergence Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. ACE Convergence Acquisition's total current liabilities for the quarter that ended in Sep. 2022 was $18.74

ACE Convergence Acquisition Total Current Liabilities Historical Data

The historical data trend for ACE Convergence Acquisition's Total Current Liabilities 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.

ACE Convergence Acquisition Total Current Liabilities Chart

ACE Convergence Acquisition Annual Data
Trend Dec20 Dec21
Total Current Liabilities
0.86 6.79

ACE Convergence Acquisition Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.69 6.79 8.41 10.30 18.74

ACE Convergence Acquisition Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

ACE Convergence Acquisition's Total Current Liabilities for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.261+0.528
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999945+0
=6.79

ACE Convergence Acquisition's Total Current Liabilities for the quarter that ended in Sep. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=16.185+2.551
+Other Current Liabilities+Current Deferred Liabilities
=3.5527136788005E-15+0
=18.74

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to 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. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

ACE Convergence Acquisition Total Current Liabilities Related Terms

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ACE Convergence Acquisition (ACE Convergence Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ACE Convergence Acquisition Corp (NAS:ACEVU) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
1013 Centre Road, Suite 403S, Wilmington, DE, USA, 19805
Website
http://acev.io
ACE Convergence Acquisition Corp is a blank check company.
Executives
Omid Tahernia director 2100 LOGIC DRIVE, SAN JOSE CA 95124
Kenneth Klein director 700 SAGINAW DRIVE, REDWOOD CITY CA 94063
Behrooz L. Abdi director, officer: Chief Executive Officer 1875 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043
Ryan A Benton director 48720 KATO ROAD, FREMONT CA 94538
Ace Convergence Acquisition Llc director, 10 percent owner 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Raquel Chmielewski director C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Minyoung Park officer: Chief Financial Officer C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Sunny Siu director, officer: President C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Denis Tse director, officer: Secretary C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805