Portage Fintech Acquisition Corporation

Portage Fintech Acquisition Corporationverified

PFTA

Price:

$11

Market Cap:

$87.40M

Portage Fintech Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was incorporated in 2021 and is based in New York, New York.[Read more]

Industry

Shell Companies

IPO Date

2021-09-27

Stock Exchange

NASDAQ

Ticker

PFTA

The Current Ratio as of November 2024 (TTM) for Portage Fintech Acquisition Corporation (PFTA) is 0.01

According to Portage Fintech Acquisition Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.01. This represents a change of -98.58% compared to the average of 0.57 of the last 4 quarters.

Portage Fintech Acquisition Corporation (PFTA) Historical Current Ratio (quarterly & annually)

How has PFTA Current Ratio performed in the past?

The mean historical Current Ratio of Portage Fintech Acquisition Corporation over the last ten years is 1.14. The current 0.01 Current Ratio has changed -27.96% with respect to the historical average. Over the past ten years (40 quarters), PFTA's Current Ratio was at its highest in in the September 2021 quarter at 38.34. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

1.14

Median

0.47

Minimum

0.33

Maximum

2.61

Portage Fintech Acquisition Corporation (PFTA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Portage Fintech 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 = 2.61

Minimum Annual Increase = -82.14%

Minimum Annual Current Ratio = 0.33

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.33-28.26%
20220.47-82.14%

Portage Fintech Acquisition Corporation (PFTA) Average Current Ratio

How has PFTA Current Ratio performed in the past?

The current Current Ratio of Portage Fintech Acquisition Corporation (PFTA) 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

1.14

5-year avg

1.14

10-year avg

1.14

Portage Fintech Acquisition Corporation (PFTA) Current Ratio vs. Peers

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

Portage Fintech Acquisition Corporation’s Current Ratio is less than ClimateRock (0.01), greater than Digital Health Acquisition Corp. (0.00), less than Acri Capital Acquisition Corporation (0.02), less than Burtech Acquisition Corp. (0.02), less than Manaris (2010) Corp. (1.08), less than Altimar Acquisition Corp. III (0), less than AfterNext HealthTech Acquisition Corp. (0), less than Alpha One Inc. (0), less than Nubia Brand International Corp. (1.10), less than Deep Medicine Acquisition Corp. (0.03), less than ALSP Orchid Acquisition Corporation I (1.86), less than Ahren Acquisition Corp. (0.33), less than null (58.90),

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