Mount Rainier Acquisition Corp.

Mount Rainier Acquisition Corp.verified

RNER

Price:

$4.99

Market Cap:

$110.57M

Mount Rainier Acquisition Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology focused businesses. Mount Rainier Acquisition Corp. was incorporated in 2021 and is based in New York, New York. Mount Rainier Acquisition Corp. operates as a subsidiary of DC Rainier SPV LLC.[Read more]

Industry

Shell Companies

IPO Date

2022-01-03

Stock Exchange

NASDAQ

Ticker

RNER

The Current Ratio as of July 2024 (TTM) for Mount Rainier Acquisition Corp. (RNER) is 0.14

According to Mount Rainier Acquisition Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.14. This represents a change of -92.63% compared to the average of 1.83 of the last 4 quarters.

Mount Rainier Acquisition Corp. (RNER) Historical Current Ratio (quarterly & annually)

How has RNER Current Ratio performed in the past?

The mean historical Current Ratio of Mount Rainier Acquisition Corp. over the last ten years is 4.19. The current 0.14 Current Ratio has changed 222.66% with respect to the historical average. Over the past ten years (40 quarters), RNER's Current Ratio was at its highest in in the December 2021 quarter at 8.24. The Current Ratio was at its lowest in in the December 2022 quarter at 0.14.

Quarterly (TTM)
Annual

Average

4.19

Median

4.19

Minimum

0.14

Maximum

8.24

Mount Rainier Acquisition Corp. (RNER) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mount Rainier 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 = 8.24

Minimum Annual Increase = -98.36%

Minimum Annual Current Ratio = 0.14

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.14-98.36%

Mount Rainier Acquisition Corp. (RNER) Average Current Ratio

How has RNER Current Ratio performed in the past?

The current Current Ratio of Mount Rainier Acquisition Corp. (RNER) 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

4.19

5-year avg

4.19

10-year avg

4.19

Mount Rainier Acquisition Corp. (RNER) Current Ratio vs. Peers

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

Mount Rainier Acquisition Corp.’s Current Ratio is

CompanyCurrent RatioMarket cap

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