Feutune Light Acquisition (Feutune Light Acquisition) Equity-to-Asset : 0.39 (As of Mar. 2024)

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What is Feutune Light Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Feutune Light Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $21.55 Mil. Feutune Light Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $55.04 Mil.

The historical rank and industry rank for Feutune Light Acquisition's Equity-to-Asset or its related term are showing as below:

FLFV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.95 Max: 0.97
Current: 0.39

During the past 2 years, the highest Equity to Asset Ratio of Feutune Light Acquisition was 0.97. The lowest was 0.39. And the median was 0.95.

FLFV's Equity-to-Asset is ranked worse than
70.81% of 620 companies
in the Diversified Financial Services industry
Industry Median: 0.81 vs FLFV: 0.39

Feutune Light Acquisition Equity-to-Asset Historical Data

The historical data trend for Feutune Light Acquisition's Equity-to-Asset 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.

Feutune Light Acquisition Equity-to-Asset Chart

Feutune Light Acquisition Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.96

0.88

Feutune Light Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial				0.95	0.91	0.90	0.88	0.39

Competitive Comparison of Feutune Light Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Feutune Light Acquisition's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Feutune Light Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Feutune Light Acquisition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Feutune Light Acquisition's Equity-to-Asset falls into.

Feutune Light Acquisition Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Feutune Light Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	47.884	/	54.14
	=

Feutune Light Acquisition's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	21.545	/	55.044
	=

Feutune Light Acquisition (NAS:FLFV) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Feutune Light Acquisition Equity-to-Asset Related Terms

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

Feutune Light Acquisition (Feutune Light Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Feutune Light Acquisition Corp (NAS:FLFV) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Bridge Street, Building A, Metuchen, NJ, USA, 08840

Website

Feutune Light Acquisition Corp is a newly organized blank check company.

Executives

Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Michael Davidov	other: Former Director	60 EAST 42 STREET, NEW YORK NY 10165
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Yuanmei Ma	officer: CFO	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, other: President and chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Feutune Light Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Xuedong Tian	director, officer: CEO and Director	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Sau Fong Yeung	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Ping Li	director	A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111