FRSGU (First Reserve Sustainable Growth) Total Assets : $224.81 Mil (As of Sep. 2022)

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What is First Reserve Sustainable Growth Total Assets?

First Reserve Sustainable Growth's Total Assets for the quarter that ended in Sep. 2022 was $224.81 Mil.

During the past 12 months, First Reserve Sustainable Growth's average Total Assets Growth Rate was 0.50% per year.

Total Assets is connected with ROA %. First Reserve Sustainable Growth's annualized ROA % for the quarter that ended in Sep. 2022 was 8.79%. Total Assets is also linked to Revenue through Asset Turnover. First Reserve Sustainable Growth's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

First Reserve Sustainable Growth Total Assets Historical Data

The historical data trend for First Reserve Sustainable Growth'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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First Reserve Sustainable Growth Total Assets Chart

First Reserve Sustainable Growth Annual Data

Trend

Dec21

Total Assets

224.24

First Reserve Sustainable Growth Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial			224.58	224.24	223.79	223.71	224.81

First Reserve Sustainable Growth 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.

First Reserve Sustainable Growth'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 )
	=	201.688	+	22.549
	=	224.24

First Reserve Sustainable Growth'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 )
	=	213.557	+	11.257
	=	224.81

First Reserve Sustainable Growth (NAS:FRSGU) Total Assets Explanation

Total Assets is connected with ROA %.

First Reserve Sustainable Growth'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 )
	=	19.712	/	( (223.714	+	224.814)	/ 2 )
	=	19.712	/	224.264
	=	8.79 %

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.

First Reserve Sustainable Growth'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	/	( (223.714	+	224.814)	/ 2 )
=	0	/	224.264
=	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.

First Reserve Sustainable Growth Total Assets Related Terms

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First Reserve Sustainable Growth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Reserve Sustainable Growth Corp (NAS:FRSGU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Harbor Drive, Third Floor, Stamford, CT, USA, 06902

Website

https://www.frsgcorp.com

First Reserve Sustainable Growth Corp is a blank check company.

Executives

E. Perot Bissell	director	MAXUM PETROLEUM HOLDINGS, INC., 1455 EAST PUTNAM AVENUE, OLD GREENWICH CT 06870
Adam Grosser	director	FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
Gary Duane Reaves	director	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
Alex T Krueger	director, officer: Chairman of the Board
Neil Alan Wizel	director, officer: Chief Executive Officer	600 TRAVIS, SUITE 6000, HOUSTON TX 77002
Amy Francetic	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Mary Anne Brelinsky	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
First Reserve Sustainable Growth Sponsor Llc	10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Thomas S Amburgey	director, officer: Chief Financial Officer	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Marvin Odum	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902