Infint Acquisition (Infint Acquisition) Total Assets : $54.52 Mil (As of Mar. 2024)

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What is Infint Acquisition Total Assets?

Infint Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $54.52 Mil.

During the past 12 months, Infint Acquisition's average Total Assets Growth Rate was -46.50% per year.

Total Assets is connected with ROA %. Infint Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was 3.42%. Total Assets is also linked to Revenue through Asset Turnover. Infint Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Infint Acquisition Total Assets Historical Data

The historical data trend for Infint Acquisition's Total Assets 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.

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Infint Acquisition Total Assets Chart

Infint Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

204.63

209.30

83.57

Infint Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							101.98	103.94	82.03	83.57	54.52

Infint Acquisition Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Infint Acquisition's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	73.007	+	10.56
	=	83.57

Infint Acquisition's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	43.631	+	10.884
	=	54.52

Infint Acquisition (NYSE:IFIN) Total Assets Explanation

Total Assets is connected with ROA %.

Infint Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	2.36	/	( (83.567	+	54.516)	/ 2 )
	=	2.36	/	69.0415
	=	3.42 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Infint Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (83.567	+	54.516)	/ 2 )
=	0	/	69.0415
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Infint Acquisition Total Assets Related Terms

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Infint Acquisition (Infint Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Infint Acquisition Corp (NYSE:IFIN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Broadway, Suite 401, New York, NY, USA, 10004

Website

https://www.infintspac.com

Infint Acquisition Corp is a blank check company.

Executives

Wolverine Asset Management Llc	10 percent owner	175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Taconic Capital Advisors Lp	10 percent owner	280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Frank Brosens	10 percent owner	C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp	10 percent owner	55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Andrey Novikov	director	19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
Kevin Chen	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Sheldon Brickman	officer: Chief Financial Officer	1452 EAST 21ST STREET, BROOKLYN NY 11210
Jing Huang	director	47 JAMES RD, MT KISCO NY 10549
Michael Moradzadeh	director	800 OAK GROVE AVENUE, SUITE 250, MENLO PARK CA 94025
Alexander Edgarov	director, 10 percent owner, officer: Chief Executive Officer	32 BROADWAY, SUITE 401, NEW YORK NY 10004
Dave Cameron	director	3738 FLORAMAR TERRACE, NEW PORT RICHEY FL 34652
Infint Capital Llc	10 percent owner	32 BROADWAY, SUITE 401, NEW YORK NY 10004
Eric David Weinstein	director	7 PINEWOOD CIRCLE, WHITE PLAINS NY 10603