This hymn, like most, is way too short to properly recognize God for all He is and all He does. So far, we've repeated the truths about His grace and mercy, and praised Him for His sovereignty, His wondrous works and His creation.
In this final verse, we see some other foundational truths that show us who God is and what He has done on our behalf. He helped us in our deepest woe. And what was our deepest woe? Our sin-sick condition that separated us from God. There is nothing worse, in life or in death, than being separated from God. And that is what we are until we come to faith in Him through Jesus Christ. But God rescued us out of our deepest woe through sending His son to bear our sins and die a death that we deserved.
For while we were still helpless, at the right time Christ died for the ungodly. For one will hardly die for a righteous man; though perhaps for the good man someone would dare even to die. But God demonstrates His own love toward us, in that while we were yet sinners, Christ died for us. Romans 5:6-8
He helped us in our deepest woe by taking us out of darkness and bringing us into the kingdom of His Son.
For He rescued us from the domain of darkness, and transferred us to the kingdom of His beloved Son, in whom we have redemption, the forgiveness of sins. Colossians 1:13-14
He ransomed us from all our foes. Our main foe is the devil. The devil presides over the domain of darkness that we have been rescued from as we see in Colossians. Death is also our foe, our enemy. But when we have been born again in Christ, we need not worry about death. We know that in God's plan, death is the last foe to be abolished.
For He must reign until He has put all His enemies under His feet. The last enemy that will be abolished is death. I Corinthians 15:25-26
But wait, there's more! In addition to being helped in our greatest woe and rescued from our greatest foes, the Bible tells us that God will supply all our needs. That in Him, we will no lack for anything.
The Lord is my Shepherd, I shall not want. Psalm 23:1
He will supply for our needs according to His riches in glory. Can you imagine what those riches are? They fill up storehouses! And this is what God is supplying to us -through those immeasurable riches!
And my God will supply all your needs according to His riches in glory in Christ Jesus. Philippians 4:19
Give thanks to God enthroned on high.
God reigns over the nations, God sits on His holy throne. Psalm 47:8
His grace abideth ever, His mercy faileth never!
Give Thanks to God, for Good is He
Words from The Psalter
Give thanks to God, for good is He, His grace abideth ever;
To Him all praise and glory be, His mercy faileth never.
His wondrous works with praise record, His grace abideth ever;
The only God, the sovereign Lord, whose mercy faileth never.
His wisdom made the heavens be, His grace abideth ever;
He spread the earth above the sea, His mercy faileth never.
Praise Him whose sun doth bring the day, His grace abideth ever;
The moon and stars His might display, whose mercy faileth never.
He helped us in our deepest woe, His grace abideth ever;
He ransomed us from all our foes, His mercy faileth never.
Each creature’s need He doth supply, His grace abideth ever;
Give thanks to God, enthroned on high, whose mercy faileth never.