Fortune Rise Acquisition Corp (FRLA) — 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. See Fortune Rise Acquisition Corp (FRLA) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Fortune Rise Acquisition Corp Working Capital to Net Assets (2021–2023)
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. For the complete balance sheet picture, see balance sheet size of Fortune Rise Acquisition Corp.
Annual Working Capital to Net Assets for Fortune Rise Acquisition Corp (2021–2023)
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. Check FRLA cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |