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Fintech Ecosystem Development (Fintech Ecosystem Development) Total Assets : $42.62 Mil (As of Jun. 2023)


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What is Fintech Ecosystem Development Total Assets?

Fintech Ecosystem Development's Total Assets for the quarter that ended in Jun. 2023 was $42.62 Mil.

During the past 12 months, Fintech Ecosystem Development's average Total Assets Growth Rate was -63.40% per year.

Total Assets is connected with ROA %. Fintech Ecosystem Development's annualized ROA % for the quarter that ended in Jun. 2023 was -2.82%. Total Assets is also linked to Revenue through Asset Turnover. Fintech Ecosystem Development's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Fintech Ecosystem Development Total Assets Historical Data

The historical data trend for Fintech Ecosystem Development'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.

Fintech Ecosystem Development Total Assets Chart

Fintech Ecosystem Development Annual Data
Trend Dec21 Dec22
Total Assets
116.89 119.03

Fintech Ecosystem Development Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.44 116.92 119.03 121.28 42.62

Fintech Ecosystem Development 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.

Fintech Ecosystem Development's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=112.447+6.588
=119.04

Fintech Ecosystem Development's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=34.737+7.887
=42.62

* 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.

Fintech Ecosystem Development  (NAS:FEXD) Total Assets Explanation

Total Assets is connected with ROA %.

Fintech Ecosystem Development's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=-2.312/( (121.275+42.624)/ 2 )
=-2.312/81.9495
=-2.82 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) 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.

Fintech Ecosystem Development's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=0/( (121.275+42.624)/ 2 )
=0/81.9495
=0.00

* 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.

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.

Fintech Ecosystem Development Total Assets Related Terms

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Fintech Ecosystem Development (Fintech Ecosystem Development) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fintech Ecosystem Development Corp (NAS:FEXD) » Definitions » Total Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
100 Springhouse Drive, Suite 204, Collegeville, PA, USA, 19426
Website
https://www.fintechecosys.com
Fintech Ecosystem Development Corp is a newly organized blank check company.
Executives
Mizuho Securities Usa Llc 10 percent owner 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Mizuho Americas Llc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Robin Sue Meister director FINTECH ECOSYSTEM DEVELOPMENT CORP., 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Jenny Junkeer officer: Chief Financial Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Revofast Llc 10 percent owner 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19420
Mubasshir Karim director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Saiful Khandaker officer: Chief Executive Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Lynn Perkins director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Michael Stanley Tomczyk director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426