NLIT
Price:
$10.31
Market Cap:
$4.38M
Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.
Industry
Shell Companies
IPO Date
2021-08-18
Stock Exchange
NASDAQ
Ticker
NLIT
According to Northern Lights Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.33. This represents a change of -54.23% compared to the average of 0.71 of the last 4 quarters.
The mean historical Current Ratio of Northern Lights Acquisition Corp. over the last ten years is 10.14. The current 0.33 Current Ratio has changed 222.15% with respect to the historical average. Over the past ten years (40 quarters), NLIT's Current Ratio was at its highest in in the June 2022 quarter at 59.84. The Current Ratio was at its lowest in in the December 2022 quarter at 0.19.
Average
10.14
Median
1.62
Minimum
0.19
Maximum
33.30
Discovering the peaks and valleys of Northern Lights 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 = 769.48%
Maximum Annual Current Ratio = 33.30
Minimum Annual Increase = -99.44%
Minimum Annual Current Ratio = 0.19
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.86 | -47.36% |
| 2023 | 1.62 | 769.48% |
| 2022 | 0.19 | -99.44% |
| 2021 | 33.30 | 126.46% |
The current Current Ratio of Northern Lights Acquisition Corp. (NLIT) 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
0.89
5-year avg
10.14
10-year avg
10.14
Northern Lights Acquisition Corp.’s Current Ratio is less than Frontier Acquisition Corp. (3.25), less than UTA Acquisition Corporation (0), less than FinTech Evolution Acquisition Group (0.83), greater than Jaws Mustang Acquisition Corporation (0.06), less than Corsair Partnering Corporation (0.93), less than LDH Growth Corp I (0), less than Social Capital Suvretta Holdings Corp. II (2.50), less than Sculptor Acquisition Corp I (31.78), less than Waverley Capital Acquisition Corp. 1 (3.10), greater than Zalatoris II Acquisition Corp. (0.05),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.25 | $299.10M | |
| 0 | $306.91M | |
| 0.83 | $348.80M | |
| 0.06 | $306.45M | |
| 0.93 | $308.38M | |
| 0 | $293.54M | |
| 2.50 | $330.22M | |
| 31.78 | $302.45M | |
| 3.10 | $280.14M | |
| 0.05 | $132.65M |
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