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RMG Acquisition (RMG Acquisition) Total Current Liabilities : $0.36 Mil (As of Sep. 2020)


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What is RMG 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. RMG Acquisition's total current liabilities for the quarter that ended in Sep. 2020 was $0.36

RMG Acquisition Total Current Liabilities Historical Data

The historical data trend for RMG 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.

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RMG Acquisition Total Current Liabilities Chart

RMG Acquisition Annual Data
Trend Dec18 Dec19
Total Current Liabilities
0.16 0.47

RMG Acquisition Quarterly Data
Oct18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Total Current Liabilities Get a 7-Day Free Trial 0.99 0.47 0.38 0.23 0.36

RMG 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.

RMG Acquisition's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.472+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.47

RMG Acquisition's Total Current Liabilities for the quarter that ended in Sep. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.359+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.36

* 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

RMG Acquisition Total Current Liabilities Related Terms

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RMG Acquisition (RMG Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp (NYSE:RMG) » Definitions » Total Current Liabilities
Comparable Companies
PIC SHLL NPA AMCI DMYT SCVX FMCI IPV SMMC SSPK CCXX CCX FPAC VTIQ SPAQ FEAC CCH CPAA LSE:EVRA GHIV
Traded in Other Exchanges
N/A
Address
1411 Broadway, 16th Floor, New York, NY, USA, 10018
Website
http://www.rmgacquisition.com
RMG Acquisition Corp is a shell company.

RMG Acquisition (RMG Acquisition) Headlines

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