Fortune Rise Acquisition (Fortune Rise Acquisition) Equity-to-Asset : 0.72 (As of Mar. 2024)

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What is Fortune Rise Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fortune Rise Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $25.30 Mil. Fortune Rise Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $35.27 Mil.

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

FRLA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02 Med: 0.87 Max: 0.97
Current: 0.72

During the past 3 years, the highest Equity to Asset Ratio of Fortune Rise Acquisition was 0.97. The lowest was 0.02. And the median was 0.87.

FRLA's Equity-to-Asset is ranked worse than
55.87% of 605 companies
in the Diversified Financial Services industry
Industry Median: 0.81 vs FRLA: 0.72

Fortune Rise Acquisition Equity-to-Asset Historical Data

The historical data trend for Fortune Rise 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.

Fortune Rise Acquisition Equity-to-Asset Chart

Fortune Rise Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.97

0.95

0.74

Fortune Rise Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial								0.94	0.80	0.79	0.74	0.72

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

For the Shell Companies subindustry, Fortune Rise 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.

Fortune Rise Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

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

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

Fortune Rise 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.

Fortune Rise 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
	=	25.786	/	34.971
	=

Fortune Rise 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
	=	25.299	/	35.273
	=

Fortune Rise Acquisition (NAS:FRLA) 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%.

Fortune Rise Acquisition Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Fortune Rise Acquisition's Equity-to-Asset 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 » Equity-to-Asset

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