Fortune Rise Acquisition Corp (FRLA) - Total Assets
Based on the latest financial reports, Fortune Rise Acquisition Corp (FRLA) holds total assets worth $36.36 Million USD as of September 2024. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Fortune Rise Acquisition Corp - Total Assets Trend (2021–2023)
This chart illustrates how Fortune Rise Acquisition Corp's total assets have evolved over time, based on quarterly financial data. Also see Fortune Rise Acquisition Corp (FRLA) total market value for the company's overall valuation and market capitalisation.
Fortune Rise Acquisition Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Fortune Rise Acquisition Corp's total assets of $36.36 Million consist of 0.3% current assets and 99.7% non-current assets. Review FRLA current and long-term liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2023)
This chart illustrates how Fortune Rise Acquisition Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See Fortune Rise Acquisition Corp stock price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fortune Rise Acquisition Corp's current assets represent 0.3% of total assets in 2023, a decrease from 1.0% in 2021.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 0.8% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Fortune Rise Acquisition Corp Competitors by Total Assets
Key competitors of Fortune Rise Acquisition Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
LightWave Acquisition Corp.
NASDAQ:LWAC
|
USA | $224.60 Million |
|
D. Boral Acquisition I Corp. Class A Ordinary Shares
NASDAQ:DBCA
|
USA | $292.15 Million |
|
Siddhi Acquisition Corp Class A Common stock
NASDAQ:SDHI
|
USA | $291.39 Million |
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
USA | $239.11 Million |
|
Range Capital Acquisition Corp II Class A Ordinary Shares
NASDAQ:RNGT
|
USA | $237.20 Million |
|
Texas Ventures Acquisition III Corp
NASDAQ:TVA
|
USA | $236.96 Million |
|
Vine Hill Capital Investment Corp. II Class A Ordinary Shares
NASDAQ:VHCP
|
USA | $236.60 Million |
|
Crane Harbor Acquisition Corp. - Class A Ordinary Shares
NASDAQ:CHAC
|
USA | $226.54 Million |
Fortune Rise Acquisition Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.00 | 0.06 | 0.85 |
| Quick Ratio | 0.00 | 0.06 | 0.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-7.92 Million | $-4.58 Million | $-50.90K |
Fortune Rise Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between Fortune Rise Acquisition Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.47 |
| Latest Market Cap to Assets Ratio | 0.27 |
| Asset Growth Rate (YoY) | -65.8% |
| Total Assets | $34.97 Million |
| Market Capitalization | $9.44 Million USD |
Valuation Analysis
Below Book Valuation: The market values Fortune Rise Acquisition Corp's assets below their book value (0.27x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Fortune Rise Acquisition Corp's assets decreased by 65.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Fortune Rise Acquisition Corp (2021–2023)
The table below shows the annual total assets of Fortune Rise Acquisition Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $34.97 Million | -65.76% |
| 2022-12-31 | $102.14 Million | +1.39% |
| 2021-12-31 | $100.74 Million | -- |
About Fortune Rise Acquisition Corp
Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.