Fortune Rise Acquisition Corp (FRLA) — 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. Also explore net asset momentum of Fortune Rise Acquisition Corp to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Fortune Rise Acquisition Corp Tangible Net Worth Ratio (2021–2023)
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. For live market cap and overall valuation, see Fortune Rise Acquisition Corp (FRLA) market capitalisation.
Annual Tangible Net Worth Ratio for Fortune Rise Acquisition Corp (2021–2023)
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. See Fortune Rise Acquisition Corp free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| 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 | — |