What is Fortune Rise Acquisition Debt-to-EBITDA?
Debt-to-EBITDA measures a company's ability to pay off its debt.
Fortune Rise Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.35 Mil. Fortune Rise Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Fortune Rise Acquisition's annualized EBITDA for the quarter that ended in Mar. 2024 was $-1.95 Mil.
Fortune Rise Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -2.75.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Fortune Rise Acquisition's Debt-to-EBITDA or its related term are showing as below:
FRLA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.42 Med: -1.4 Max: -0.63
Current: -2.42
During the past 3 years, the highest Debt-to-EBITDA Ratio of Fortune Rise Acquisition was -0.63. The lowest was -2.42. And the median was -1.40.
Fortune Rise Acquisition Debt-to-EBITDA Historical Data
The historical data trend for Fortune Rise Acquisition's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortune Rise Acquisition Debt-to-EBITDA Chart
|
Fortune Rise Acquisition Annual Data
|
|
Trend |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-EBITDA |
|
N/A |
-0.63 |
-2.17 |
|
Fortune Rise Acquisition Quarterly Data
|
|
Feb21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Debt-to-EBITDA |
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|
|
|
|
|
|
-0.94 |
-1.52 |
-2.32 |
-1.62 |
-2.75 |
Competitive Comparison of Fortune Rise Acquisition's Debt-to-EBITDA
For the Shell Companies subindustry, Fortune Rise Acquisition's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortune Rise Acquisition's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Fortune Rise Acquisition's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fortune Rise Acquisition's Debt-to-EBITDA falls into.
Fortune Rise Acquisition Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Fortune Rise Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as
Fortune Rise Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.
Fortune Rise Acquisition (Fortune Rise Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
13575 58th Street North, Suite 200, Clearwater, FL, USA, 33760
Fortune Rise Acquisition Corp is a blank check company.
Executives
| Ronald Jay Pollack |
director |
1862 MCCAULEY RD, CLEARWATER FL 33765 |
| Ryan Spick |
director |
18034 N 134TH AVE, SUN CITY WEST AZ 85375 |
| Philip Goodman |
director |
6 OAKWOOD DRIVE, SEWALL'S POINT FL 34996 |
| Saba Capital Management, L.p. |
10 percent owner |
405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
| Boaz Weinstein |
10 percent owner |
405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
| J Richard Iler |
officer: PEO and CFO |
815 WALKER STREET, STE. 1155, HOUSTON TX 77002 |
| Payam Eshraghian |
director |
20601 TROON LANE, HUNTINGTON BEACH CA 92646 |
| Michael Davidov |
director |
60 EAST 42 STREET, NEW YORK NY 10165 |
| David Xianglin Li |
director |
3 STONER AVE, GREAT NECK NY 11021 |
| Lei Huang |
director, officer: Chief Executive Officer |
3 STONER AVE, GREAT NECK NY 10021 |
| Norman C Kristoff |
director |
C/O JAMES M. RAE, ESQ., 330 MADISON AVEUNE, 29TH FLOOR, NEW YORK NY 10017 |
| Yuanmei Ma |
officer: Chief Financial Officer |
ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080 |
| Lei Xu |
director, officer: President and Chairwoman |
1818 LINDA VISTA CIR., FULLERTON CA 92831 |
| Fortune Rise Sponsor Llc |
10 percent owner |
48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
| Koon Keung Chan |
10 percent owner |
48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
Fortune Rise Acquisition (Fortune Rise Acquisition) Headlines
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