Adara Acquisition (Adara Acquisition) Total Assets : $116.91 Mil (As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Adara Acquisition Total Assets?

Adara Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $116.91 Mil.

During the past 12 months, Adara Acquisition's average Total Assets Growth Rate was 0.40% per year.

Total Assets is connected with ROA %. Adara Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was -0.99%. Total Assets is also linked to Revenue through Asset Turnover. Adara Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Adara Acquisition Total Assets Historical Data

The historical data trend for Adara 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.

* Premium members only.

Adara Acquisition Total Assets Chart

Adara Acquisition Annual Data

Trend

Dec20

Dec21

Total Assets

0.62

117.08

Adara Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial			117.24	117.08	116.55	116.45	116.91

Adara 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.

Adara Acquisition's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	111.783	+	5.301
	=	117.08

Adara Acquisition's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	113.473	+	3.441
	=	116.91

Adara Acquisition (AMEX:ADRA.U) Total Assets Explanation

Total Assets is connected with ROA %.

Adara Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-1.16	/	( (116.449	+	116.914)	/ 2 )
	=	-1.16	/	116.6815
	=	-0.99 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Adara Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	0	/	( (116.449	+	116.914)	/ 2 )
=	0	/	116.6815
=	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.

Adara Acquisition Total Assets Related Terms

Thank you for viewing the detailed overview of Adara Acquisition's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Adara Acquisition (Adara Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adara Acquisition Corp (AMEX:ADRA.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8845 Red Oak Boulevard, Charlotte, NC, USA, 28217

Website

https://www.adaraspac.com

Adara Acquisition Corp is a blank check company.

Executives

Paul Eibeler	director	C/O MOOMJIAN & WAITE, LLP, 100 JERICHO QUADRANGLE STE 225, JERICHO NY 11753
Ogilvie Bruce A Jr	director, 10 percent owner, officer: See Remarks	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
John Edwin Kutch	officer: Chief Financial Officer	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Chris Nagelson	director	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Terilea J Wielenga	director	25 CEDAR RIDGE, IRVINE CA 92603
Jeffrey Clinton Walker	director, 10 percent owner, officer: Chief Executive Officer	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Dylan Glenn	director	535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Martin A. Sumichrast	director, 10 percent owner, officer: Chief Executive Officer	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277
Thomas M Finke	director	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Paul G Porter	officer: Chief Financial Officer	7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Adara Sponsor Llc	10 percent owner	8845 RED OAK BOULEVARD, CHARLOTTE NC 28217
Donaldson Walter Tommy Iii	director	211 EAST BLVD., CHARLOTTE NC 28203
Beatriz Acevedo-greiff	director	1023 MAPLE STREET, SANTA MONICA CA 90405
Frank Quintero	director	1966 DEERMONT RD, GLENDALE CA 91207

Adara Acquisition (Adara Acquisition) Headlines

From GuruFocus

INVESTIGATION NOTICE: Halper Sadeh LLP Investigates PSB, HMTV, ADRA

By PRNewswire PRNewswire • 07-06-2022