FG Acquisition Corp.
FG Acquisition Corp. does not have significant operations. The company intends to effect an acquisition of one or more businesses or assets through a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination. It focuses on acquiring businesses in the financial services sector. The company was incorporated in 2021 an… Read more
FG Acquisition Corp. (FGAA-U) - Total Assets
Latest total assets as of June 2024: $740.37K USD
Based on the latest financial reports, FG Acquisition Corp. (FGAA-U) holds total assets worth $740.37K USD as of June 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.
FG Acquisition Corp. - Total Assets Trend (2021–2022)
This chart illustrates how FG Acquisition Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
FG Acquisition Corp. - Asset Composition Analysis
Current Asset Composition (December 2022)
FG Acquisition Corp.'s total assets of $740.37K consist of 99.8% current assets and 0.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.6% |
| 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 (2021–2022)
This chart illustrates how FG 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: FG Acquisition Corp.'s current assets represent 99.8% of total assets in 2022, a decrease from 100.0% in 2021.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2022, up from 0.0% 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.
FG Acquisition Corp. Competitors by Total Assets
Key competitors of FG Acquisition Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
464680
KQ:464680
|
Korea | ₩31.23 Billion |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
USA | $281.56 Million |
|
Azure Holding Group Corp
PINK:AZRH
|
USA | $16.92 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
FG Acquisition Corp. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - FG Acquisition Corp. generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - FG Acquisition Corp. is currently not profitable relative to its asset base.
FG 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 | 0.03 | 0.91 | 0.29 |
| Quick Ratio | 0.03 | 0.91 | 0.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-21.85 Million | $ -12.10 Million | $ -3.01 Million |
FG Acquisition Corp. - Advanced Valuation Insights
This section examines the relationship between FG 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 488161.1% |
| Total Assets | $118.06 Million |
| Market Capitalization | $44.42K USD |
Valuation Analysis
Below Book Valuation: The market values FG Acquisition Corp.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: FG Acquisition Corp.'s assets grew by 488161.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for FG Acquisition Corp. (2021–2022)
The table below shows the annual total assets of FG Acquisition Corp. from 2021 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $118.06 Million | +488161.15% |
| 2021-12-31 | $24.18K | -- |