The Growth for Good Acquisition Corporation

The Growth for Good Acquisition Corporationverified

GFGD

Price:

$10.53

Market Cap:

$341.44M

The Growth for Good Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.[Read more]

Industry

Shell Companies

IPO Date

2022-02-04

Stock Exchange

NASDAQ

Ticker

GFGD

The Current Ratio as of November 2024 (TTM) for The Growth for Good Acquisition Corporation (GFGD) is 2.31

According to The Growth for Good Acquisition Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.31. This represents a change of 48.23% compared to the average of 1.56 of the last 4 quarters.

The Growth for Good Acquisition Corporation (GFGD) Historical Current Ratio (quarterly & annually)

How has GFGD Current Ratio performed in the past?

The mean historical Current Ratio of The Growth for Good Acquisition Corporation over the last ten years is 4.55. The current 2.31 Current Ratio has changed 4.96% with respect to the historical average. Over the past ten years (40 quarters), GFGD's Current Ratio was at its highest in in the March 2022 quarter at 18.26. The Current Ratio was at its lowest in in the July 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

4.55

Median

4.55

Minimum

2.31

Maximum

6.80

The Growth for Good Acquisition Corporation (GFGD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of The Growth for Good Acquisition 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 = 0%

Maximum Annual Current Ratio = 6.80

Minimum Annual Increase = -66.11%

Minimum Annual Current Ratio = 2.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20222.31-66.11%

The Growth for Good Acquisition Corporation (GFGD) Average Current Ratio

How has GFGD Current Ratio performed in the past?

The current Current Ratio of The Growth for Good Acquisition Corporation (GFGD) 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

4.55

5-year avg

4.55

10-year avg

4.55

The Growth for Good Acquisition Corporation (GFGD) Current Ratio vs. Peers

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

The Growth for Good Acquisition Corporation’s Current Ratio is greater than Finnovate Acquisition Corp. (0.02), greater than Pono Capital Two, Inc. (0.32), greater than Broad Capital Acquisition Corp. (0.01), greater than Welsbach Technology Metals Acquisition Corp. (0.00), greater than Forum Merger IV Corporation (0.06), less than Gores Holdings IX, Inc. (0), greater than HHG Capital Corporation (0.21), greater than Consilium Acquisition Corp I, Ltd. (0.19), less than Investcorp Europe Acquisition Corp I (43.43), greater than null (0.01),

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