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Mountain Crest Acquisition (Mountain Crest Acquisition) Total Assets : $58.96 Mil (As of Sep. 2020)


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What is Mountain Crest Acquisition Total Assets?

Mountain Crest Acquisition's Total Assets for the quarter that ended in Sep. 2020 was $58.96 Mil.

Total Assets is connected with ROA %. Mountain Crest Acquisition's annualized ROA % for the quarter that ended in Sep. 2020 was -0.91%. Total Assets is also linked to Revenue through Asset Turnover. Mountain Crest Acquisition's Asset Turnover for the quarter that ended in Sep. 2020 was 0.00.


Mountain Crest Acquisition Total Assets Historical Data

The historical data trend for Mountain Crest 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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Mountain Crest Acquisition Total Assets Chart

Mountain Crest Acquisition Annual Data
Trend Dec19
Total Assets
0.10

Mountain Crest Acquisition Quarterly Data
Mar20 Jun20 Sep20
Total Assets 0.18 59.08 58.96

Mountain Crest 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.

Mountain Crest Acquisition's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets=Total Equity (A: Dec. 2019 )+Total Liabilities (A: Dec. 2019 )
=0.025+0.101
=0.13

Mountain Crest Acquisition's Total Assets for the quarter that ended in Sep. 2020 is calculated as

Total Assets=Total Equity (Q: Sep. 2020 )+Total Liabilities (Q: Sep. 2020 )
=56.91+2.054
=58.96

* 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.


Mountain Crest Acquisition  (NAS:MCACU) Total Assets Explanation

Total Assets is connected with ROA %.

Mountain Crest Acquisition's annualized ROA % for the quarter that ended in Sep. 2020 is

ROA %=Net Income (Q: Sep. 2020 )/( (Total Assets (Q: Jun. 2020 )+Total Assets (Q: Sep. 2020 ))/ count )
=-0.54/( (59.078+58.964)/ 2 )
=-0.54/59.021
=-0.91 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) 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.

Mountain Crest Acquisition's Asset Turnover for the quarter that ended in Sep. 2020 is

Asset Turnover
=Revenue (Q: Sep. 2020 )/( (Total Assets (Q: Jun. 2020 )+Total Assets (Q: Sep. 2020 ))/ count )
=0/( (59.078+58.964)/ 2 )
=0/59.021
=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.

Mountain Crest Acquisition Total Assets Related Terms

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Mountain Crest Acquisition (Mountain Crest Acquisition) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
311 West 43rd Street, 12th Floor, New York, NY, USA, 10036
Mountain Crest Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Suying Liu director, 10 percent owner, officer: Chief Executive Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Sunlight Global Investment Llc 10 percent owner 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Dong Liu director, 10 percent owner, officer: Chief Financial Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Nelson Haight director 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Todd T. Milbourn director C/O OPPENHEIMER & CO., INC., 85 BROAD STREET, 24TH FLOOR, NEW YORK NY 10004
Wenhua Zhang director 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036