Fortune Rise Acquisition Corp Working Capital to Net Assets Ratio
Fortune Rise Acquisition Corp working capital to net assets ratio. Fortune Rise Acquisition Corp (FRLA) has a Working Capital to Net Assets ratio of -31.7% as of September 2024. Working capital of $-7.92 Million (current assets of $29.24K minus current liabilities of $7.95 Million) is measured against net assets of $24.98 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check FRLA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Fortune Rise Acquisition Corp (2021–2023)
Working capital to net assets ratio of Fortune Rise Acquisition Corp from 2021 to 2023. This chart shows how Fortune Rise Acquisition Corp's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at -31.7%, reflecting working capital of $-7.92 Million against net assets of $24.98 Million USD. See FRLA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Fortune Rise Acquisition Corp Working Capital to Net Assets Ratio by Year (2021–2023)
Fortune Rise Acquisition Corp working capital to net assets ratio by year from 2021 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Fortune Rise Acquisition Corp from 2021 to 2023, covering 3 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see FRLA asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -21.9% | $-5.64 Million | $25.79 Million | $119.57K | $5.76 Million | ▼ -20.6 pp |
| 2022 | -1.2% | $-1.21 Million | $97.23 Million | $201.31K | $1.41 Million | ▼ -2.3 pp |
| 2021 | 1.0% | $990.51K | $97.28 Million | $1.03 Million | $44.16K | — |