Concord Acquisition Corp III

Concord Acquisition Corp IIIverified

CNDB

Price:

$6.58

Market Cap:

$82.69M

Concord Acquisition Corp III does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.[Read more]

Industry

Shell Companies

IPO Date

2021-12-27

Stock Exchange

NYSE

Ticker

CNDB

The Current Ratio as of September 2024 (TTM) for Concord Acquisition Corp III (CNDB) is 0.45

According to Concord Acquisition Corp III’s latest financial reports and current stock price. The company's current Current Ratio is 0.45. This represents a change of 167.82% compared to the average of 0.17 of the last 4 quarters.

Concord Acquisition Corp III (CNDB) Historical Current Ratio (quarterly & annually)

How has CNDB Current Ratio performed in the past?

The mean historical Current Ratio of Concord Acquisition Corp III over the last ten years is 2.23. The current 0.45 Current Ratio has changed 1.93% with respect to the historical average. Over the past ten years (40 quarters), CNDB's Current Ratio was at its highest in in the March 2022 quarter at 11.19. The Current Ratio was at its lowest in in the December 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

2.23

Median

1.48

Minimum

0.04

Maximum

5.16

Concord Acquisition Corp III (CNDB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Concord Acquisition Corp III 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 = 5.16

Minimum Annual Increase = -97.05%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.04-97.05%
20221.48-71.26%

Concord Acquisition Corp III (CNDB) Average Current Ratio

How has CNDB Current Ratio performed in the past?

The current Current Ratio of Concord Acquisition Corp III (CNDB) 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

2.23

5-year avg

2.23

10-year avg

2.23

Concord Acquisition Corp III (CNDB) Current Ratio vs. Peers

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

Concord Acquisition Corp III’s Current Ratio is less than Keyarch Acquisition Corporation (3.28), greater than Thunder Bridge Capital Partners IV Inc. (0.00), greater than Welsbach Technology Metals Acquisition Corp. (0.00), less than Prime Number Acquisition I Corp. (14.21), greater than DP Cap Acquisition Corp I (0.32), greater than Hudson Acquisition I Corp. Unit (0.06), greater than Marblegate Acquisition Corp. (0.19), less than Alset Capital Acquisition Corp. (0.84), greater than OmniLit Acquisition Corp. (0.32), greater than DP Cap Acquisition Corp I (0.32), greater than OCA Acquisition Corp. (0.01), less than Artemis Strategic Investment Corporation (0), less than Athena Technology Acquisition Corp. II (0.96), greater than Alpha Star Acquisition Corporation (0.13), greater than AfterNext HealthTech Acquisition Corp. (0.01), less than Alpha One Inc. (0), less than A SPAC II Acquisition Corporation (1.10), less than Altimar Acquisition Corp. III (1.13), less than null (0), less than null (0),

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