Global Technology Acquisition I's Cash & cash equivalent grew by 529.79 % in the Q2 2024 sequentially, faster than Current Liabilities, this led to improvement in Global Technology Acquisition I's Quick Ratio to 0.24, Quick Ratio remained below Global Technology Acquisition Corp I average.

Within Professional Services industry 98 other companies have achieved higher Quick Ratio than Global Technology Acquisition I in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 2289 to 3130.

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GTAC Quick Ratio	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2
Y / Y Current Liabilities Change	1722.79 %	1640 %	277.17 %	-20.27 %	-14.47 %
Y / Y Cash & cash equivalent Change	105.56 %	-81.16 %	-98.12 %	-83.88 %	-71.51 %
Quick Ratio MRQ	0.24	0.14	0.04	1.25	2.12
GTAC's Total Ranking	# 3130	# 2289	# 4209	# 1427	# 1155
Seq. Current Liabilities Change	256.18 %	100.58 %	194.07 %	-13.24 %	240 %
Seq. Cash & cash equivalent Change	529.79 %	571.43 %	-90.48 %	-48.96 %	-42.28 %

Quick Ratio second quarter 2024 Company Ranking
Within:	No.
Professional Services Industry	# 99
Services Sector	# 372
Overall Market	# 3130

Quick Ratio Statistics
High	Average	Low
12.48	4.22	0.04
(Mar 31 2023)		(Dec 31 2023)

Financial Statements
Global Technology Acquisition I's Current Liabilities	$ 2 Millions	Visit GTAC's Balance sheet
Global Technology Acquisition I's Cash & cash equivalent	$ 1 Millions	Visit GTAC's Balance sheet
Source of GTAC's Sales		Visit GTAC's Sales by Geography

Cumulative Global Technology Acquisition I's Quick Ratio

GTAC's Quick Ratio for the trailling 12 Months

GTAC Quick Ratio	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	775 %	195.44 %	16.12 %	-43.73 %	-76.04 %
Y / Y Cash & cash equivalent TTM Growth	-65.33 %	-82.85 %	-74.8 %	-61.37 %	-42.8 %
Quick Ratio TTM	0.23	0.42	1.48	4.35	5.87
Total Ranking TTM	# 3672	# 2208	# 2702	# 2760	# 3172
Seq. Current Liabilities TTM Growth	180.65 %	102.34 %	66.06 %	-7.21 %	-5.24 %
Seq. Cash & cash equivalent TTM Growth	55.99 %	-42.72 %	-43.5 %	-31.31 %	-22.84 %

Quick ratio ranking by company, industry and sector >> Back to GTAC Financial Strength Comparisons >> Go to Compare GTAC Quick Ratio to its Competitors

On the trailing twelve months basis Due to in Current Liabilities in the Q2 2024 to $2.48 millions, cumulative Quick Ratio decreased to 0.23 below the Global Technology Acquisition Corp I average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 121 other companies have achieved higher Quick Ratio than Global Technology Acquisition I. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 2208 to 3672.

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How much Cash & cash equivalents GTAC�s has?
What are GTAC�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Professional Services Industry	# 122
Services Sector	# 501
Within the Market	# 3672

trailing twelve months Quick Ratio Statistics
High	Average	Low
7.21	3.48	0.16
(Mar 31 2023)		(Jun 30 2024)

Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Professional Services Industry	Quick Ratio	Jun 30 2024 MRQ Cash & cash equivalent	Jun 30 2024 MRQ Current Liabilities
Ryde Group Ltd	0.66	$ 2.350 Millions	$ 3.584 Millions
Cross Country Healthcare Inc	0.64	$ 69.601 Millions	$ 108.030 Millions
36kr Holdings Inc	0.63	$ 13.741 Millions	$ 21.711 Millions
Sezzle Inc	0.63	$ 58.026 Millions	$ 91.947 Millions
Mercadolibre Inc	0.61	$ 7,896.000 Millions	$ 12,914.000 Millions
Trinet Group Inc	0.60	$ 1,142.000 Millions	$ 1,917.000 Millions
Spar Group Inc	0.59	$ 21.695 Millions	$ 36.942 Millions
Galaxy Payroll Group Limited	0.58	$ 1.390 Millions	$ 2.416 Millions
Visa Inc	0.57	$ 12,947.000 Millions	$ 22,612.000 Millions
Nutex Health Inc	0.57	$ 40.808 Millions	$ 71.658 Millions
Mastercard Incorporated	0.56	$ 8,768.000 Millions	$ 15,594.000 Millions
Future Fintech Group Inc	0.55	$ 9.825 Millions	$ 17.731 Millions
Fidelity National Information Services Inc	0.54	$ 2,131.000 Millions	$ 3,922.000 Millions
Remitly Global Inc	0.54	$ 185.187 Millions	$ 341.846 Millions
Insperity Inc	0.50	$ 756.000 Millions	$ 1,522.000 Millions
Lyft Inc	0.49	$ 1,800.327 Millions	$ 3,640.838 Millions
Sunrise Real Estate Group Inc	0.48	$ 42.918 Millions	$ 89.489 Millions
Getty Images Holdings Inc	0.47	$ 121.702 Millions	$ 256.422 Millions
Fair Isaac Corp	0.46	$ 156.043 Millions	$ 337.216 Millions
Robert Half Inc	0.46	$ 547.370 Millions	$ 1,192.317 Millions
Corpay Inc	0.45	$ 3,547.296 Millions	$ 7,842.547 Millions
Envestnet inc	0.45	$ 121.967 Millions	$ 272.224 Millions
Rimini Street Inc	0.44	$ 134.197 Millions	$ 303.236 Millions
Wex Inc	0.44	$ 4,005.100 Millions	$ 9,069.600 Millions
Cass Information Systems Inc	0.44	$ 441.699 Millions	$ 1,012.346 Millions
Rb Global Inc	0.43	$ 745.600 Millions	$ 1,726.600 Millions
Simpple Ltd	0.42	$ 1.180 Millions	$ 2.832 Millions
Barrett Business Services Inc	0.41	$ 191.266 Millions	$ 471.964 Millions
Quinstreet Inc	0.40	$ 50.488 Millions	$ 126.398 Millions
Conduent Inc	0.38	$ 300.000 Millions	$ 797.000 Millions

Date modified: 2026-10-07T00:41:53+00:00

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