RMCO
Price:
$2.52
Market Cap:
$38.13M
Royalty Management Holding Corporation operates as a royalty company that identifies and invests in undervalued assets. It acquires and invests in natural resources, patents, intellectual property, and digital assets. The company was founded in 2021 and is based in Fishers, Indiana.
Industry
Asset Management
IPO Date
2021-05-05
Stock Exchange
NASDAQ
Ticker
RMCO
According to Royalty Management Holding Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.07. This represents a change of 9.52% compared to the average of 0.98 of the last 4 quarters.
The mean historical Current Ratio of Royalty Management Holding Corporation over the last ten years is 6.14. The current 1.07 Current Ratio has changed 1.64% with respect to the historical average. Over the past ten years (40 quarters), RMCO's Current Ratio was at its highest in in the September 2021 quarter at 769.64. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
6.14
Median
0.89
Minimum
0.20
Maximum
22.59
Discovering the peaks and valleys of Royalty Management Holding Corporation 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 = 285.14%
Maximum Annual Current Ratio = 22.59
Minimum Annual Increase = -95.47%
Minimum Annual Current Ratio = 0.20
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.76 | 285.14% |
| 2023 | 0.20 | -80.70% |
| 2022 | 1.02 | -95.47% |
The current Current Ratio of Royalty Management Holding Corporation (RMCO) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.66
5-year avg
6.14
10-year avg
6.14
Royalty Management Holding Corporation’s Current Ratio is less than Pioneer Acquisition I Corp. (6.34), greater than Trailblazer Merger Corporation I (0.70), less than The Marygold Companies, Inc. (2.87), less than Nuveen New York Select Tax-Free Income Portfolio (14.78), less than Rand Capital Corporation (6.47), greater than Investcorp Credit Management BDC, Inc. (0.07), greater than Black Titan Corporation (0.30), greater than FutureTech II Acquisition Corp. (0.21), greater than First Seacoast Bancorp (0), less than Heritage Global Inc. (2.29),
| Company | Current Ratio | Market cap |
|---|---|---|
| 6.34 | $319.49M | |
| 0.70 | $52.63M | |
| 2.87 | $44.96M | |
| 14.78 | $47.69M | |
| 6.47 | $45.68M | |
| 0.07 | $40.94M | |
| 0.30 | $25.80M | |
| 0.21 | $51.57M | |
| 0 | $56.64M | |
| 2.29 | $44.82M |
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