Finnovate Acquisition Corp.

Finnovate Acquisition Corp. - Current Ratioverified

FNVT

Price:

$11.62

Market Cap:

$25.93M

Finnovate Acquisition Corp. currently functions as a special purpose acquisition company, meaning it does not engage in substantial business activities independently. Its primary objective is to complete a significant business combination, such as a merger, asset purchase, or share exchange, with another company or companies. The firm is specifically targeting acquisition opportunities among businesses connected to Israel, with a strong emphasis on the financial technology (fintech) sector. This includes ventures in areas like digital payments, insurance technology (insuretech), wealth management technology (wealthtech), regulatory technology (regtech), digital banking services, fintech-as-a...[Read more]

Industry

Shell Companies

IPO Date

2021-12-09

Stock Exchange

NASDAQ

Ticker

FNVT

The Current Ratio as of June 2026 (TTM) for Finnovate Acquisition Corp. (FNVT) is 0

According to Finnovate Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 0.01 of the last 4 quarters.

Finnovate Acquisition Corp. (FNVT) Historical Current Ratio (quarterly & annually)

How has FNVT Current Ratio performed in the past?

The mean historical Current Ratio of Finnovate Acquisition Corp. over the last ten years is 1.72. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), FNVT's Current Ratio was at its highest in in the March 2022 quarter at 12.32. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

1.72

Median

0.28

Minimum

0

Maximum

6.31

Finnovate Acquisition Corp. (FNVT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Finnovate 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 = 6.31

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240-100.00%
20230.01-97.60%
20220.55-91.27%

Finnovate Acquisition Corp. (FNVT) Average Current Ratio

How has FNVT Current Ratio performed in the past?

The current Current Ratio of Finnovate Acquisition Corp. (FNVT) 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

0.19

5-year avg

1.72

10-year avg

1.72

Finnovate Acquisition Corp. (FNVT) Current Ratio vs. Peers

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

Finnovate Acquisition Corp.’s Current Ratio is less than Worldwide Webb Acquisition Corp. (0.78), less than Alpha Star Acquisition Corporation (0.04), less than Keyarch Acquisition Corporation (3.28), less than Hudson Acquisition I Corp. (0.07), less than Athena Consumer Acquisition Corp. (0.07), less than JV SPAC Acquisition Corp. Class A Ordinary Share (0.84), less than Blue World Acquisition Corporation (0.02), less than American Acquisition Opportunity Inc. (1.21), less than WinVest Acquisition Corp. (0.02),

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