Rigel Resource Acquisition Corp.

Rigel Resource Acquisition Corp.verified

RRAC

Price:

$11.44

Market Cap:

$167.36M

Rigel Resource Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.[Read more]

Industry

Shell Companies

IPO Date

2021-12-27

Stock Exchange

NYSE

Ticker

RRAC

The Current Ratio as of September 2024 (TTM) for Rigel Resource Acquisition Corp. (RRAC) is 0.05

According to Rigel Resource Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.05. This represents a change of 47.55% compared to the average of 0.03 of the last 4 quarters.

Rigel Resource Acquisition Corp. (RRAC) Historical Current Ratio (quarterly & annually)

How has RRAC Current Ratio performed in the past?

The mean historical Current Ratio of Rigel Resource Acquisition Corp. over the last ten years is 0.56. The current 0.05 Current Ratio has changed 744.20% with respect to the historical average. Over the past ten years (40 quarters), RRAC's Current Ratio was at its highest in in the December 2021 quarter at 1.15. The Current Ratio was at its lowest in in the December 2023 quarter at 0.02.

Quarterly (TTM)
Annual

Average

0.56

Median

0.52

Minimum

0.02

Maximum

1.15

Rigel Resource Acquisition Corp. (RRAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Rigel Resource 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 = 1.15

Minimum Annual Increase = -96.35%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.02-96.35%
20220.52-54.73%

Rigel Resource Acquisition Corp. (RRAC) Average Current Ratio

How has RRAC Current Ratio performed in the past?

The current Current Ratio of Rigel Resource Acquisition Corp. (RRAC) 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

0.56

5-year avg

0.56

10-year avg

0.56

Rigel Resource Acquisition Corp. (RRAC) Current Ratio vs. Peers

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

Rigel Resource Acquisition Corp.’s Current Ratio is less than Pyrophyte Acquisition Corp. (0.36), greater than Berenson Acquisition Corp. I (0.01), less than Cartesian Growth Corporation II (0.07), less than Sculptor Acquisition Corp I (0), less than Global Blockchain Acquisition Corp. (9.62), less than TenX Keane Acquisition Ordinary Share (0.16), greater than AfterNext HealthTech Acquisition Corp. (0.01), less than Altimar Acquisition Corp. III (0), less than Ahren Acquisition Corp. (0), less than Manaris (2010) Corp. (58.90), less than null (0), less than null (1.08),

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