Fortune Rise Acquisition (Fortune Rise Acquisition) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Fortune Rise Acquisition Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2024 was $25.30 Mil. Fortune Rise Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fortune Rise Acquisition's Debt-to-Equity or its related term are showing as below:

FRLA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 43.57
Current: 0.21

During the past 3 years, the highest Debt-to-Equity Ratio of Fortune Rise Acquisition was 43.57. The lowest was 0.01. And the median was 0.16.

FRLA's Debt-to-Equity is ranked worse than
69.44% of 288 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs FRLA: 0.21

Fortune Rise Acquisition Debt-to-Equity Historical Data

The historical data trend for Fortune Rise Acquisition's Debt-to-Equity 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.

* Premium members only.

Fortune Rise Acquisition Debt-to-Equity Chart

Fortune Rise Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.19

Fortune Rise Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.02	0.11	0.13	0.19	0.21

Competitive Comparison of Fortune Rise Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Fortune Rise Acquisition's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fortune Rise Acquisition's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fortune Rise Acquisition's Debt-to-Equity falls into.

Fortune Rise Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Rise Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.764	+	0)	/	25.786
	=	0.18

Fortune Rise Acquisition's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.354	+	0)	/	25.299
	=	0.21

Fortune Rise Acquisition (NAS:FRLA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Fortune Rise Acquisition Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Fortune Rise Acquisition's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortune Rise Acquisition (Fortune Rise Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fortune Rise Acquisition Corp (NAS:FRLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13575 58th Street North, Suite 200, Clearwater, FL, USA, 33760

Website

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