Feutune Light Acquisition (Feutune Light Acquisition) Liabilities-to-Assets : 0.61 (As of Mar. 2024)

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What is Feutune Light Acquisition Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Feutune Light Acquisition's Total Liabilities for the quarter that ended in Mar. 2024 was $33.50 Mil. Feutune Light Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $55.04 Mil. Therefore, Feutune Light Acquisition's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.61.

Feutune Light Acquisition Liabilities-to-Assets Historical Data

The historical data trend for Feutune Light Acquisition's Liabilities-to-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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Feutune Light Acquisition Liabilities-to-Assets Chart

Feutune Light Acquisition Annual Data

Trend

Dec22

Dec23

Liabilities-to-Assets

0.04

0.12

Feutune Light Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial				0.05	0.09	0.10	0.12	0.61

Competitive Comparison of Feutune Light Acquisition's Liabilities-to-Assets

For the Shell Companies subindustry, Feutune Light Acquisition's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Feutune Light Acquisition's Liabilities-to-Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Feutune Light Acquisition's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Feutune Light Acquisition's Liabilities-to-Assets falls into.

Feutune Light Acquisition Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Feutune Light Acquisition's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	6.256	/	54.14
	=	0.12

Feutune Light Acquisition's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	33.499	/	55.044
	=	0.61

Feutune Light Acquisition (NAS:FLFV) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Feutune Light Acquisition Liabilities-to-Assets Related Terms

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Feutune Light Acquisition (Feutune Light Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Feutune Light Acquisition Corp (NAS:FLFV) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Bridge Street, Building A, Metuchen, NJ, USA, 08840

Website

Feutune Light Acquisition Corp is a newly organized blank check company.

Executives

Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Michael Davidov	other: Former Director	60 EAST 42 STREET, NEW YORK NY 10165
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Yuanmei Ma	officer: CFO	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, other: President and chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Feutune Light Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Xuedong Tian	director, officer: CEO and Director	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Sau Fong Yeung	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Ping Li	director	A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111