OmniLit Acquisition Corp.

OmniLit Acquisition Corp.verified

OLIT

Price:

$8.44

Market Cap:

$51.82M

OmniLit Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors. The company was incorporated in 2021 and is based in Miami Beach, Florida.[Read more]

Industry

Shell Companies

IPO Date

2022-01-26

Stock Exchange

NASDAQ

Ticker

OLIT

The Current Ratio as of September 2024 (TTM) for OmniLit Acquisition Corp. (OLIT) is 0.32

According to OmniLit Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.32. This represents a change of -62.66% compared to the average of 0.85 of the last 4 quarters.

OmniLit Acquisition Corp. (OLIT) Historical Current Ratio (quarterly & annually)

How has OLIT Current Ratio performed in the past?

The mean historical Current Ratio of OmniLit Acquisition Corp. over the last ten years is 2.75. The current 0.32 Current Ratio has changed 1.06% with respect to the historical average. Over the past ten years (40 quarters), OLIT's Current Ratio was at its highest in in the March 2022 quarter at 5.38. The Current Ratio was at its lowest in in the June 2021 quarter at 0.25.

Quarterly (TTM)
Annual

Average

2.75

Median

2.75

Minimum

2.23

Maximum

3.27

OmniLit Acquisition Corp. (OLIT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of OmniLit 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 = 0%

Maximum Annual Current Ratio = 3.27

Minimum Annual Increase = -31.81%

Minimum Annual Current Ratio = 2.23

Quarterly (TTM)
Annual
YearCurrent RatioChange
20222.23-31.81%

OmniLit Acquisition Corp. (OLIT) Average Current Ratio

How has OLIT Current Ratio performed in the past?

The current Current Ratio of OmniLit Acquisition Corp. (OLIT) 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

2.75

5-year avg

2.75

10-year avg

2.75

OmniLit Acquisition Corp. (OLIT) Current Ratio vs. Peers

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

OmniLit Acquisition Corp.’s Current Ratio is less than Concord Acquisition Corp III (0), less than DP Cap Acquisition Corp I (0.45), less than OCA Acquisition Corp. (0.32), greater than Kingswood Acquisition Corp. (0.01), less than Insight Acquisition Corp. (0), greater than Kingswood Acquisition Corp. (0.01), greater than ClimateRock (0.10), greater than Digital Health Acquisition Corp. (0.01), greater than ESGEN Acquisition Corporation (0.01), greater than Enterprise 4.0 Technology Acquisition Corp. (0.00), less than null (0), greater than null (0.04), less than null (1.53),

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