Fortune Rise Acquisition Corp Tangible Net Worth Ratio
Fortune Rise Acquisition Corp tangible net worth ratio. Fortune Rise Acquisition Corp (FRLA) has a Tangible Net Worth Ratio of 100.0% as of September 2024. This metric is calculated by deducting intangible assets ($0.00) from net assets ($24.98 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See FRLA equity to assets ratio to measure how much of total assets are equity-financed.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Fortune Rise Acquisition Corp (2021–2023)
Tangible net worth ratio of Fortune Rise Acquisition Corp from 2021 to 2023. This chart shows how Fortune Rise Acquisition Corp's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at 100.0%, reflecting net assets of $24.98 Million with intangible assets of $0.00 USD. See Fortune Rise Acquisition Corp (FRLA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Fortune Rise Acquisition Corp Tangible Net Worth Ratio by Year (2021–2023)
Fortune Rise Acquisition Corp tangible net worth ratio by year from 2021 to 2023. The table below presents the year-by-year Tangible Net Worth Ratio for Fortune Rise Acquisition Corp from 2021 to 2023, covering 3 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see market value of Fortune Rise Acquisition Corp.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | $25.79 Million | $0.00 | $34.97 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $97.23 Million | $0.00 | $102.14 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $97.28 Million | $0.00 | $100.74 Million | — |