Bannix Acquisition Corp.

Bannix Acquisition Corp.verified

BNIX

Price:

$11.15

Market Cap:

$45.51M

Bannix Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses in the B2B enterprise software, telecom, financial, and retail industries. The company was incorporated in 2021 and is based in Woodcliff Lake, New Jersey.[Read more]

Industry

Shell Companies

IPO Date

2021-10-28

Stock Exchange

NASDAQ

Ticker

BNIX

The Current Ratio as of September 2024 (TTM) for Bannix Acquisition Corp. (BNIX) is 0.01

According to Bannix Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.01. This represents a change of -80.95% compared to the average of 0.04 of the last 4 quarters.

Bannix Acquisition Corp. (BNIX) Historical Current Ratio (quarterly & annually)

How has BNIX Current Ratio performed in the past?

The mean historical Current Ratio of Bannix Acquisition Corp. over the last ten years is 0.87. The current 0.01 Current Ratio has changed -10.13% with respect to the historical average. Over the past ten years (40 quarters), BNIX's Current Ratio was at its highest in in the September 2021 quarter at 6.49. The Current Ratio was at its lowest in in the June 2024 quarter at 0.01.

Quarterly (TTM)
Annual

Average

0.87

Median

0.06

Minimum

0.03

Maximum

2.53

Bannix Acquisition Corp. (BNIX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Bannix 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 = 89.55%

Maximum Annual Current Ratio = 2.53

Minimum Annual Increase = -98.74%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.0689.55%
20220.03-98.74%

Bannix Acquisition Corp. (BNIX) Average Current Ratio

How has BNIX Current Ratio performed in the past?

The current Current Ratio of Bannix Acquisition Corp. (BNIX) 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

0.87

5-year avg

0.87

10-year avg

0.87

Bannix Acquisition Corp. (BNIX) Current Ratio vs. Peers

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

Bannix Acquisition Corp.’s Current Ratio is less than TenX Keane Acquisition Ordinary Share (0.01), less than Embrace Change Acquisition Corp. (0.05), less than Home Plate Acquisition Corp. (0.18), less than Noble Rock Acquisition Corporation (0.06), less than Global Blockchain Acquisition Corp. (0.16), greater than Monterey Capital Acquisition Corporation (0.00), less than Moringa Acquisition Corp (1.75), less than Noble Rock Acquisition Corporation (0.06), less than TransAKT Ltd. (0.01), greater than Glori Energy Inc. (0), less than First Light Acquisition Group, Inc. (0.10), less than China Health Management Corp. (0.01),

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