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:

FRLAU' 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.

FRLAU's Debt-to-Equity is ranked worse than
68.71% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs FRLAU: 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.

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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:FRLAU) 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

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