Industrial Tech Acquisitions II, Inc.

Industrial Tech Acquisitions II, Inc.verified

ITAQU

Price:

$10.74

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

2022-01-12

Stock Exchange

NASDAQ

Ticker

ITAQU

The Current Ratio as of December 2024 (TTM) for Industrial Tech Acquisitions II, Inc. (ITAQU) is 0.69

According to Industrial Tech Acquisitions II, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.69. This represents a change of -14.14% compared to the average of 0.81 of the last 4 quarters.

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

How has ITAQU 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 0.69 Current Ratio has changed 17.57% with respect to the historical average. Over the past ten years (40 quarters), ITAQU'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. (ITAQU) 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. (ITAQU) Average Current Ratio

How has ITAQU Current Ratio performed in the past?

The current Current Ratio of Industrial Tech Acquisitions II, Inc. (ITAQU) is greater than its 3-year, greater than its 5-year, and greater 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. (ITAQU) Current Ratio vs. Peers

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

Industrial Tech Acquisitions II, Inc.’s Current Ratio is less than Signal Hill Acquisition Corp. (1.16), greater than A SPAC I Acquisition Corp. (0.02), greater than Cartica Acquisition Corp (0.01), less than Enterprise 4.0 Technology Acquisition Corp. (9.02), less than Keyarch Acquisition Corporation (3.28),

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