What is TG Venture Acquisition Financial Strength?
TG Venture Acquisition has the Financial Strength Rank of 7.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
TG Venture Acquisition has no long-term debt (1).
As of today, TG Venture Acquisition's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of TG Venture Acquisition's Financial Strength
For the Shell Companies subindustry, TG Venture Acquisition's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TG Venture Acquisition's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, TG Venture Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where TG Venture Acquisition's Financial Strength falls into.
TG Venture Acquisition Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
TG Venture Acquisition's Interest Expense for the
months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.
TG Venture Acquisition's Interest Coverage for the quarter that ended in Sep. 2023 is
| TG Venture Acquisition had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
TG Venture Acquisition's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
TG Venture Acquisition has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TG Venture Acquisition (TG Venture Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
1390 Market Street, Suite 200, San Francisco, CA, USA, 94102
TG Venture Acquisition Corp is a newly organized, blank check company.
Executives
| Wolverine Asset Management Llc |
10 percent owner |
175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
| High Income Securities Fund |
10 percent owner |
US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202 |
| Special Opportunities Fund, Inc. |
10 percent owner |
C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202 |
| Phillip Goldstein |
10 percent owner |
60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
| Andrew Dakos |
10 percent owner |
250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
| Investors, Llp Bulldog |
10 percent owner |
PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
| Patrick Tsang |
director, 10 percent owner, officer: Chairman and CEO |
WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000 |
| Philip Benedict Rettger |
director, officer: CFO |
PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141 |
| Ma Jason Cheng Yuen |
director |
2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067 |
| Komal Ahmad |
director |
300 BERRY STREET, #1313, SAN FRANCISCO CA 94158 |
| Michael Lewis Alexander |
director |
SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000 |
| Tsangs Group Holdings Ltd |
10 percent owner |
ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077 |
TG Venture Acquisition (TG Venture Acquisition) Headlines
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