TETC
Price:
$10.175
Market Cap:
$489.67M
Tech and Energy Transition Corporation 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. The company was formerly known as M Acquisition Company IV Corporation and changed its name to Tech and Energy Transition Corporation in December 2020. Tech and Energy Transition Corporation was incorporated in 2017 and is based in New York, New York.
Industry
Shell Companies
IPO Date
2021-05-07
Stock Exchange
NASDAQ
Ticker
TETC
According to Tech and Energy Transition Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.50. This represents a change of 1.95% compared to the average of 0.49 of the last 4 quarters.
The mean historical Current Ratio of Tech and Energy Transition Corporation over the last ten years is 7.74. The current 0.50 Current Ratio has changed 550.83% with respect to the historical average. Over the past ten years (40 quarters), TETC's Current Ratio was at its highest in in the March 2020 quarter at 11.46. The Current Ratio was at its lowest in in the December 2020 quarter at 0.24.
Average
7.74
Median
6.58
Minimum
0.50
Maximum
17.31
Discovering the peaks and valleys of Tech and Energy Transition 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 = 17.31
Minimum Annual Increase = -85.21%
Minimum Annual Current Ratio = 0.50
| Year | Current Ratio | Change |
|---|---|---|
| 2022 | 0.50 | -70.28% |
| 2021 | 1.70 | -85.21% |
| 2020 | 11.46 | -33.79% |
The current Current Ratio of Tech and Energy Transition Corporation (TETC) 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
7.74
10-year avg
7.74
Tech and Energy Transition Corporation’s Current Ratio is greater than Pontem Corporation (0.13), greater than Jaws Mustang Acquisition Corporation (0.06), greater than TLG Acquisition One Corp. (0.02), greater than Quantum FinTech Acquisition Corporation (0.03), greater than Apollo Strategic Growth Capital II (0.04), greater than StoneBridge Acquisition Corporation (0.02), greater than L Catterton Asia Acquisition Corporation (0.02), less than DA32 Life Science Tech Acquisition Corp. (0), greater than Energem Corp. (0.02), less than Conyers Park III Acquisition Corp. (2.22), greater than LAMF Global Ventures Corp. I (0.03), greater than ARYA Sciences Acquisition Corp IV (0.01),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.13 | $441.73M | |
| 0.06 | $306.45M | |
| 0.02 | $78.47M | |
| 0.03 | $103.44M | |
| 0.04 | $373.47M | |
| 0.02 | $86.88M | |
| 0.02 | $391.06M | |
| 0 | $264.19M | |
| 0.02 | $64.91M | |
| 2.22 | $459.64M | |
| 0.03 | $101.31M | |
| 0.01 | $50.04M |
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