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FTAC Hera Acquisition (FTAC Hera Acquisition) Total Assets : $856.74 Mil (As of Sep. 2022)


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What is FTAC Hera Acquisition Total Assets?

FTAC Hera Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $856.74 Mil.

During the past 12 months, FTAC Hera Acquisition's average Total Assets Growth Rate was 0.50% per year.

Total Assets is connected with ROA %. FTAC Hera Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was 3.19%. Total Assets is also linked to Revenue through Asset Turnover. FTAC Hera Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

FTAC Hera Acquisition Total Assets Historical Data

The historical data trend for FTAC Hera 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.

* Premium members only.

FTAC Hera Acquisition Total Assets Chart

FTAC Hera Acquisition Annual Data
Trend Dec21
Total Assets
852.90

FTAC Hera Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Assets Get a 7-Day Free Trial 853.36 852.90 852.55 853.25 856.74

FTAC Hera 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 Hera 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 )
=801.132+51.766
=852.90

FTAC Hera 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 )
=823.848+32.891
=856.74

* 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.

FTAC Hera Acquisition  (NAS:HERAU) Total Assets Explanation

Total Assets is connected with ROA %.

FTAC Hera 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 )
=27.312/( (853.249+856.739)/ 2 )
=27.312/854.994
=3.19 %

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 Hera 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/( (853.249+856.739)/ 2 )
=0/854.994
=0.00

* 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.

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 Hera Acquisition Total Assets Related Terms

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FTAC Hera Acquisition (FTAC Hera Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Hera Acquisition Corp (NAS:HERAU) » Definitions » Total Assets
Comparable Companies
CPUH PRPB CRHC GGPI VADP AUS CONX SCRM AAC SSDT GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Hera Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Laura Kohn director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Daniel G Cohen officer: President and CEO 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
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
Betsy Z Cohen director
Brittain Ezzes director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Jan Rock Zubrow director 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
Ftac Hera Sponsor, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Hera Advisors, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104

FTAC Hera Acquisition (FTAC Hera Acquisition) Headlines

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