FTAAU (FTAC Athena Acquisition) Total Assets : $251.67 Mil (As of Sep. 2022)

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What is FTAC Athena Acquisition Total Assets?

FTAC Athena Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $251.67 Mil.

During the past 12 months, FTAC Athena Acquisition's average Total Assets Growth Rate was 510795.90% per year.

Total Assets is connected with ROA %. FTAC Athena Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was 3.66%. Total Assets is also linked to Revenue through Asset Turnover. FTAC Athena Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

FTAC Athena Acquisition Total Assets Historical Data

The historical data trend for FTAC Athena 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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FTAC Athena Acquisition Total Assets Chart

FTAC Athena Acquisition Annual Data

Trend

Dec20

Dec21

Total Assets

0.05

250.61

FTAC Athena Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial			251.00	250.61	250.59	250.64	251.67

FTAC Athena 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.

FTAC Athena 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 )
	=	231.892	+	18.719
	=	250.61

FTAC Athena 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 )
	=	239.288	+	12.382
	=	251.67

FTAC Athena Acquisition (NAS:FTAAU) Total Assets Explanation

Total Assets is connected with ROA %.

FTAC Athena 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 )
	=	9.18	/	( (250.636	+	251.67)	/ 2 )
	=	9.18	/	251.153
	=	3.66 %

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.

FTAC Athena 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	/	( (250.636	+	251.67)	/ 2 )
=	0	/	251.153
=	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.

FTAC Athena Acquisition Total Assets Related Terms

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FTAC Athena Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Athena Acquisition Corp (NAS:FTAAU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Athena Acquisition Corp is a blank check company.

Executives

Candice N Bednar	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Douglas Listman	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mei Mei Tuan	director	C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke	director	8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Betsy Z Cohen	director, 10 percent owner
Amanda J Abrams	10 percent owner, officer: Chief Executive Officer	1000 CONTINENTAL DRIVE, SUITE 300, KING OF PRUSSIA PA 19406
Ftac Athena Advisors, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Athena Sponsor, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jewelle Bickford	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Leah Popowich	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104