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Ace Global Business Acquisition (Ace Global Business Acquisition) Total Current Liabilities : $5.10 Mil (As of Dec. 2023)


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What is Ace Global Business 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 Global Business Acquisition's total current liabilities for the quarter that ended in Dec. 2023 was $5.10

Ace Global Business Acquisition Total Current Liabilities Historical Data

The historical data trend for Ace Global Business 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 Global Business Acquisition Total Current Liabilities Chart

Ace Global Business Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
0.04 0.20 2.32 5.10

Ace Global Business Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.32 3.65 3.89 4.62 5.10

Ace Global Business 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 Global Business Acquisition's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.39+2.714
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=5.10

Ace Global Business Acquisition's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.39+2.714
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=5.10

* 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 Global Business Acquisition Total Current Liabilities Related Terms

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Ace Global Business Acquisition (Ace Global Business Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ace Global Business Acquisition Ltd (NAS:ACBAU) » Definitions » Total Current Liabilities
Comparable Companies
DKDCA GDNR AIB WAVS ADOC OTEC FATP XITO CPBI ADRT PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
ACBA:USA
Address
Tower 2, Lippo Centre, No. 89, Rm. 806, 8/F, Queensway, Admiralty, Hong Kong, HKG
Website
Ace Global Business Acquisition Ltd is a newly organized blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei officer: Chief Financial Officer 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd 10 percent owner 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong director, officer: Chief Executive Officer 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000

Ace Global Business Acquisition (Ace Global Business Acquisition) Headlines

From GuruFocus

DDC Enterprise Limited and Ace Global Business Acquisition Limited Announce Initial Filing of Preliminary Proxy Statement in Connection with Proposed Business Combination and the Appointment of Independent Directors and Advisor

By Don Li2 Don Li2 • 11-08-2021

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

By PRNewswire • 01-03-2024

Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period

By Stock market mentor Stock market mentor • 01-09-2023

DayDayCook Announces Merger Agreement with Ace Global Business Acquisition Limited

By Marketwired Marketwired • 08-26-2021

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

By PRNewswire • 11-14-2023

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

By PRNewswire • 08-18-2023

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

By PRNewswire • 07-14-2023

Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period

By PRNewswire PRNewswire • 01-09-2023

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

By PRNewswire PRNewswire • 03-28-2022

Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period

By PRNewswire • 09-21-2023