Fortune Rise Acquisition Corp (FRLA) - Total Liabilities
Based on the latest financial reports, Fortune Rise Acquisition Corp (FRLA) has total liabilities worth $11.37 Million USD as of September 2024. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore cash efficiency ratio of Fortune Rise Acquisition Corp to assess how effectively this company generates cash.
Fortune Rise Acquisition Corp - Total Liabilities Trend (2021–2023)
This chart illustrates how Fortune Rise Acquisition Corp's total liabilities have evolved over time, based on quarterly financial data. Check FRLA cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Fortune Rise Acquisition Corp Competitors by Total Liabilities
The table below lists competitors of Fortune Rise Acquisition Corp ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Plasto-Cargal Group Ltd
TA:PLCR
|
Israel | ILA511.80 Million |
|
Bindi Metals Ltd
AU:BIM
|
Australia | AU$36.38K |
|
Cadoux Ltd
AU:CCM
|
Australia | AU$1.38 Million |
|
Pilot Energy Ltd
AU:PGY
|
Australia | AU$27.40 Million |
|
Hunting PLC
LSE:HTG
|
UK | GBX352.20 Million |
|
HK Metals Utama Tbk PT
JK:HKMU
|
Indonesia | Rp467.59 Billion |
|
Adelong Gold Ltd
AU:ADG
|
Australia | AU$702.45K |
|
NeuroMetrix Inc
NASDAQ:NURO
|
USA | $1.01 Million |
Liability Composition Analysis (2021–2023)
This chart breaks down Fortune Rise Acquisition Corp's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Fortune Rise Acquisition Corp stock valuation.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.00 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.46 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.31 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Fortune Rise Acquisition Corp's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Fortune Rise Acquisition Corp (2021–2023)
The table below shows the annual total liabilities of Fortune Rise Acquisition Corp from 2021 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-12-31 | $9.18 Million | +86.84% |
| 2022-12-31 | $4.92 Million | +41.86% |
| 2021-12-31 | $3.47 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.