East Resources Acquisition Company

East Resources Acquisition Companyverified

ERES

Price:

$10.85

Market Cap:

$776.37M

East Resources Acquisition Company does not have significant operations. The company focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of energy in North America. The company was incorporated in 2020 and is headquartered in Boca Raton, Florida.[Read more]

Industry

Shell Companies

IPO Date

2023-07-03

Stock Exchange

NASDAQ

Ticker

ERES

The Current Ratio as of September 2024 (TTM) for East Resources Acquisition Company (ERES) is 1.84

According to East Resources Acquisition Company’s latest financial reports and current stock price. The company's current Current Ratio is 1.84. This represents a change of -45.85% compared to the average of 3.39 of the last 4 quarters.

East Resources Acquisition Company (ERES) Historical Current Ratio (quarterly & annually)

How has ERES Current Ratio performed in the past?

The mean historical Current Ratio of East Resources Acquisition Company over the last ten years is 7.55. The current 1.84 Current Ratio has changed 2.33% with respect to the historical average. Over the past ten years (40 quarters), ERES's Current Ratio was at its highest in in the December 2022 quarter at 25.55. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

7.55

Median

1.63

Minimum

1.36

Maximum

25.55

East Resources Acquisition Company (ERES) Current Ratio by Quarter and Year

Discovering the peaks and valleys of East Resources Acquisition Company 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 = 1.59%

Maximum Annual Current Ratio = 25.55

Minimum Annual Increase = -94.67%

Minimum Annual Current Ratio = 1.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.36-94.67%
202225.551.59%
20211.51-13.73%

East Resources Acquisition Company (ERES) Average Current Ratio

How has ERES Current Ratio performed in the past?

The current Current Ratio of East Resources Acquisition Company (ERES) 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

9.48

5-year avg

7.55

10-year avg

7.55

East Resources Acquisition Company (ERES) Current Ratio vs. Peers

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

East Resources Acquisition Company’s Current Ratio is less than Chavant Capital Acquisition Corp. (0), greater than Swiftmerge Acquisition Corp. (0.74), greater than Viscogliosi Brothers Acquisition Corp. (0.01), greater than LAVA Medtech Acquisition Corp. (0.70), greater than Nubia Brand International Corp. (0.29), greater than null (0.03),

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