Freedom Internet Group (Freedom Internet Group) Total Assets : $1.03 Mil (As of Jan. 2023)

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What is Freedom Internet Group Total Assets?

Freedom Internet Group's Total Assets for the quarter that ended in Jan. 2023 was $1.03 Mil.

Total Assets is connected with ROA %. Freedom Internet Group's annualized ROA % for the quarter that ended in Jan. 2023 was -16.36%. Total Assets is also linked to Revenue through Asset Turnover. Freedom Internet Group's Asset Turnover for the quarter that ended in Jan. 2023 was 0.02.

Freedom Internet Group Total Assets Historical Data

The historical data trend for Freedom Internet Group'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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Freedom Internet Group Total Assets Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Total Assets

1.68

1.74

1.39

1.07

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Total Assets	Get a 7-Day Free Trial									1.26	1.19	1.20	1.07	1.03

Freedom Internet Group 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.

Freedom Internet Group's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets	=	Total Equity (A: Oct. 2022 )	+	Total Liabilities (A: Oct. 2022 )
	=	1.055	+	0.014
	=	1.07

Freedom Internet Group's Total Assets for the quarter that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2023 )	+	Total Liabilities (Q: Jan. 2023 )
	=	1.012	+	0.022
	=	1.03

Freedom Internet Group (OTCPK:FIGI) Total Assets Explanation

Total Assets is connected with ROA %.

Freedom Internet Group's annualized ROA % for the quarter that ended in Jan. 2023 is

ROA %	=	Net Income (Q: Jan. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Jan. 2023 ))	/ count )
	=	-0.172	/	( (1.069	+	1.034)	/ 2 )
	=	-0.172	/	1.0515
	=	-16.36 %

Note: The Net Income data used here is four times the quarterly (Jan. 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.

Freedom Internet Group's Asset Turnover for the quarter that ended in Jan. 2023 is

	Asset Turnover
=	Revenue (Q: Jan. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Jan. 2023 ))	/ count )
=	0.02	/	( (1.069	+	1.034)	/ 2 )
=	0.02	/	1.0515
=	0.02

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.

Freedom Internet Group Total Assets Related Terms

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Freedom Internet Group (Freedom Internet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » Total Assets

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group (Freedom Internet Group) Headlines

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