Alset Capital Acquisition Corp.

Alset Capital Acquisition Corp.verified

ACAX

Price:

$3.82

Market Cap:

$17.60M

Alset Capital Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, as well as businesses and technologies targeting the real estate space. The company was incorporated in 2021 and is based in Bethesda, Maryland.[Read more]

Industry

Shell Companies

IPO Date

2022-03-24

Stock Exchange

NASDAQ

Ticker

ACAX

The Current Ratio as of September 2024 (TTM) for Alset Capital Acquisition Corp. (ACAX) is 0.84

According to Alset Capital Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.84. This represents a change of -55.09% compared to the average of 1.87 of the last 4 quarters.

Alset Capital Acquisition Corp. (ACAX) Historical Current Ratio (quarterly & annually)

How has ACAX Current Ratio performed in the past?

The mean historical Current Ratio of Alset Capital Acquisition Corp. over the last ten years is 1.48. The current 0.84 Current Ratio has changed 5.56% with respect to the historical average. Over the past ten years (40 quarters), ACAX's Current Ratio was at its highest in in the February 2022 quarter at 16.01. The Current Ratio was at its lowest in in the November 2023 quarter at 0.84.

Quarterly (TTM)
Annual

Average

1.48

Median

0.84

Minimum

0.43

Maximum

3.17

Alset Capital Acquisition Corp. (ACAX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Alset Capital Acquisition Corp. 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 = 629.70%

Maximum Annual Current Ratio = 3.17

Minimum Annual Increase = -73.54%

Minimum Annual Current Ratio = 0.43

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.84-73.54%
20223.17629.70%

Alset Capital Acquisition Corp. (ACAX) Average Current Ratio

How has ACAX Current Ratio performed in the past?

The current Current Ratio of Alset Capital Acquisition Corp. (ACAX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.48

5-year avg

1.48

10-year avg

1.48

Alset Capital Acquisition Corp. (ACAX) Current Ratio vs. Peers

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

Alset Capital Acquisition Corp.’s Current Ratio is greater than Armada Acquisition Corp. I (0.01), greater than Atlantic Coastal Acquisition Corp. II (0.04), greater than Atlantic Coastal Acquisition Corp. (0), greater than Athena Consumer Acquisition Corp. (0.53), greater than AltEnergy Acquisition Corp. (0.06),

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