Fortune Rise Acquisition Corp (FRLA) — 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 Fortune Rise Acquisition Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
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Net Assets
Total Assets
Total Liabilities
Fortune Rise Acquisition Corp Net Asset Quality Index Over Time (2021–2023)
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 working capital position of Fortune Rise Acquisition Corp to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Fortune Rise Acquisition Corp (2021–2023)
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 market capitalisation and the full company profile, see market value of Fortune Rise Acquisition Corp.
| 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 | — |