Fortress Capital Acquisition (Fortress Capital Acquisition) Total Assets : $402.78 Mil (As of Sep. 2022)

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What is Fortress Capital Acquisition Total Assets?

Fortress Capital Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $402.78 Mil.

Total Assets is connected with ROA %. Fortress Capital Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was 2.99%. Total Assets is also linked to Revenue through Asset Turnover. Fortress Capital Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Fortress Capital Acquisition Total Assets Historical Data

The historical data trend for Fortress Capital 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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Fortress Capital Acquisition Total Assets Chart

Fortress Capital Acquisition Annual Data

Trend

Dec20

Dec21

Total Assets

0.54

401.55

Fortress Capital Acquisition Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial			401.87	401.55	401.39	401.27	402.78

Fortress Capital 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.

Fortress Capital 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 )
	=	373.294	+	28.257
	=	401.55

Fortress Capital 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 )
	=	386.907	+	15.875
	=	402.78

Fortress Capital Acquisition (NYSE:FCAX) Total Assets Explanation

Total Assets is connected with ROA %.

Fortress Capital 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 )
	=	12.004	/	( (401.271	+	402.782)	/ 2 )
	=	12.004	/	402.0265
	=	2.99 %

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.

Fortress Capital 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	/	( (401.271	+	402.782)	/ 2 )
=	0	/	402.0265
=	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.

Fortress Capital Acquisition Total Assets Related Terms

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Fortress Capital Acquisition (Fortress Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fortress Capital Acquisition Corp (NYSE:FCAX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105

Website

http://www.fortresscapitalac.com

Fortress Capital Acquisition Corp is a blank check company.

Executives

Gary Kalk	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Nierenberg	director, officer: Chief Executive Officer	799 BROADWAY, NEW YORK NY 10003
Principal Holdings I Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Daniel Bass	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Elizabeth C Fascitelli	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Capital Acquisition Sponsor Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Varun Wadhawan	officer: Chief Operating Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Debra Coleman	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105

Fortress Capital Acquisition (Fortress Capital Acquisition) Headlines

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