Phoenix Biotech Acquisition Corp.

Phoenix Biotech Acquisition Corp.verified

PBAX

Price:

$5.85

Market Cap:

$36.47M

Phoenix Biotech Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It engages in identifying and acquiring a business that focuses on the healthcare or healthcare related industries in the United States and Europe. The company was incorporated in 2021 and is based in Oakland, California.[Read more]

Industry

Shell Companies

IPO Date

2021-11-30

Stock Exchange

NASDAQ

Ticker

PBAX

The Current Ratio as of September 2024 (TTM) for Phoenix Biotech Acquisition Corp. (PBAX) is 1.76

According to Phoenix Biotech Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.76. This represents a change of -34.18% compared to the average of 2.68 of the last 4 quarters.

Phoenix Biotech Acquisition Corp. (PBAX) Historical Current Ratio (quarterly & annually)

How has PBAX Current Ratio performed in the past?

The mean historical Current Ratio of Phoenix Biotech Acquisition Corp. over the last ten years is 7.63. The current 1.76 Current Ratio has changed 2.21% with respect to the historical average. Over the past ten years (40 quarters), PBAX's Current Ratio was at its highest in in the June 2021 quarter at 24.00. The Current Ratio was at its lowest in in the September 2021 quarter at 0.09.

Quarterly (TTM)
Annual

Average

7.63

Median

7.63

Minimum

1.38

Maximum

13.88

Phoenix Biotech Acquisition Corp. (PBAX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Phoenix Biotech 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 = 13.88

Minimum Annual Increase = -90.07%

Minimum Annual Current Ratio = 1.38

Quarterly (TTM)
Annual
YearCurrent RatioChange
20221.38-90.07%

Phoenix Biotech Acquisition Corp. (PBAX) Average Current Ratio

How has PBAX Current Ratio performed in the past?

The current Current Ratio of Phoenix Biotech Acquisition Corp. (PBAX) 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

7.63

5-year avg

7.63

10-year avg

7.63

Phoenix Biotech Acquisition Corp. (PBAX) Current Ratio vs. Peers

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

Phoenix Biotech Acquisition Corp.’s Current Ratio is less than Patria Latin American Opportunity Acquisition Corp. (0), less than Target Global Acquisition I Corp. (5.22), greater than Power & Digital Infrastructure Acquisition II Corp. (0.02), greater than Stratim Cloud Acquisition Corp. (0.01), greater than null (0.06),

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