Ares Acquisition Corporation

Ares Acquisition Corporationverified

AAC

Price:

$10.79

Market Cap:

$761.82M

Ares Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.[Read more]

Industry

Shell Companies

IPO Date

2021-03-25

Stock Exchange

NYSE

Ticker

AAC

The Current Ratio as of September 2024 (TTM) for Ares Acquisition Corporation (AAC) is 8.96

According to Ares Acquisition Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 8.96. This represents a change of 298.99% compared to the average of 2.25 of the last 4 quarters.

Ares Acquisition Corporation (AAC) Historical Current Ratio (quarterly & annually)

How has AAC Current Ratio performed in the past?

The mean historical Current Ratio of Ares Acquisition Corporation over the last ten years is 0.47. The current 8.96 Current Ratio has changed 192.37% with respect to the historical average. Over the past ten years (40 quarters), AAC's Current Ratio was at its highest in in the March 2021 quarter at 11.05. The Current Ratio was at its lowest in in the June 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

0.47

Median

0.36

Minimum

0.01

Maximum

1.02

Ares Acquisition Corporation (AAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ares Acquisition Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual Current Ratio = 1.02

Minimum Annual Increase = -97.29%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.01-97.29%
20210.36-64.28%

Ares Acquisition Corporation (AAC) Average Current Ratio

How has AAC Current Ratio performed in the past?

The current Current Ratio of Ares Acquisition Corporation (AAC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.47

5-year avg

0.47

10-year avg

0.47

Ares Acquisition Corporation (AAC) Current Ratio vs. Peers

How is AAC’s Current Ratio compared to its peers?

Ares Acquisition Corporation’s Current Ratio is less than Acropolis Infrastructure Acquisition Corp. (0), greater than African Gold Acquisition Corporation (0.08), less than Ares Acquisition Corporation II (20.79), greater than Berenson Acquisition Corp. I (3.83), greater than Apollo Strategic Growth Capital II (0.01), greater than Churchill Capital Corp VII (0.04), greater than Crescera Capital Acquisition Corp. (0.00), greater than Genesis Growth Tech Acquisition Corp. (0.35), greater than UTA Acquisition Corporation (0.02), less than AltEnergy Acquisition Corp. (0), greater than Altimar Acquisition Corp. III (0.06), less than Manaris (2010) Corp. (0), greater than AfterNext HealthTech Acquisition Corp. (1.08), less than null (0),

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