Industrial Tech Acquisitions II, Inc.

Industrial Tech Acquisitions II, Inc.verified

ITAQ

Price:

$10.95

Market Cap:

$61.99M

Industrial Tech Acquisitions II, Inc. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on targets operating in the technology-focused areas, including software, mobile and IoT applications, digital and energy transformation, cloud, and cyber communications, as well as high bandwidth services, including LTE, remote sensing, and 5G communications. The company was incorporated in 2021 and is based in Houston, Texas.[Read more]

Industry

Shell Companies

IPO Date

2022-03-04

Stock Exchange

NASDAQ

Ticker

ITAQ

The Current Ratio as of September 2024 (TTM) for Industrial Tech Acquisitions II, Inc. (ITAQ) is 0.22

According to Industrial Tech Acquisitions II, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.22. This represents a change of -72.20% compared to the average of 0.81 of the last 4 quarters.

Industrial Tech Acquisitions II, Inc. (ITAQ) Historical Current Ratio (quarterly & annually)

How has ITAQ Current Ratio performed in the past?

The mean historical Current Ratio of Industrial Tech Acquisitions II, Inc. over the last ten years is 0.39. The current 0.22 Current Ratio has changed 5.62% with respect to the historical average. Over the past ten years (40 quarters), ITAQ's Current Ratio was at its highest in in the March 2022 quarter at 7.54. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

0.39

Median

0.39

Minimum

0.09

Maximum

0.69

Industrial Tech Acquisitions II, Inc. (ITAQ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Industrial Tech Acquisitions II, Inc. 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 = 657.47%

Maximum Annual Current Ratio = 0.69

Minimum Annual Increase = 0%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.69657.47%

Industrial Tech Acquisitions II, Inc. (ITAQ) Average Current Ratio

How has ITAQ Current Ratio performed in the past?

The current Current Ratio of Industrial Tech Acquisitions II, Inc. (ITAQ) 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

0.39

5-year avg

0.39

10-year avg

0.39

Industrial Tech Acquisitions II, Inc. (ITAQ) Current Ratio vs. Peers

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

Industrial Tech Acquisitions II, Inc.’s Current Ratio is greater than Magnum Opus Acquisition Limited (0.07), less than Conyers Park III Acquisition Corp. (0.97), greater than Energem Corp. (0.07), less than Digital Transformation Opportunities Corp. (1.32), greater than Genesis Unicorn Capital Corp. (0.22), greater than LAMF Global Ventures Corp. I (0.03),

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