Fortune Rise Acquisition Corp Net Asset Quality Index
Fortune Rise Acquisition Corp net asset quality index. Fortune Rise Acquisition Corp (FRLA) has a Net Asset Quality Index of 68.7% as of September 2024. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $36.36 Million minus total liabilities of $11.37 Million yields net assets of $24.98 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check cash flow quality index of Fortune Rise Acquisition Corp to evaluate the quality of earnings relative to operating cash generation.
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Net Asset Quality Index of Fortune Rise Acquisition Corp (2021–2023)
Net asset quality index of Fortune Rise Acquisition Corp from 2021 to 2023. This chart shows how Fortune Rise Acquisition Corp's Net Asset Quality Index has evolved across 3 annual periods from 2021 to 2023. As of September 2024, the index stands at 68.7%, representing net assets of $24.98 Million against total assets of $36.36 Million USD. See FRLA net asset value for net asset value and shareholders' equity analysis.
Fortune Rise Acquisition Corp Net Asset Quality Index by Year (2021–2023)
Fortune Rise Acquisition Corp net asset quality index by year from 2021 to 2023. The table below presents the year-by-year Net Asset Quality Index for Fortune Rise Acquisition Corp from 2021 to 2023, covering 3 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see Fortune Rise Acquisition Corp market cap and net worth.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 73.7% | $25.79 Million | $34.97 Million | $9.18 Million | ▼ -21.5 pp |
| 2022 | 95.2% | $97.23 Million | $102.14 Million | $4.92 Million | ▼ -1.4 pp |
| 2021 | 96.6% | $97.28 Million | $100.74 Million | $3.47 Million | — |