IRRX (Integrated Rail and Resources Acquisition) Total Assets : $23.71 Mil (As of Jun. 2024)

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What is Integrated Rail and Resources Acquisition Total Assets?

Integrated Rail and Resources Acquisition's Total Assets for the quarter that ended in Jun. 2024 was $23.71 Mil.

During the past 12 months, Integrated Rail and Resources Acquisition's average Total Assets Growth Rate was -84.10% per year.

Total Assets is connected with ROA %. Integrated Rail and Resources Acquisition's annualized ROA % for the quarter that ended in Jun. 2024 was -17.68%. Total Assets is also linked to Revenue through Asset Turnover. Integrated Rail and Resources Acquisition's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Integrated Rail and Resources Acquisition Total Assets Historical Data

The historical data trend for Integrated Rail and Resources 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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Integrated Rail and Resources Acquisition Total Assets Chart

Integrated Rail and Resources Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

234.07

238.03

72.77

Integrated Rail and Resources Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial									149.40	71.52	72.77	23.34	23.71

Integrated Rail and Resources 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.

Integrated Rail and Resources Acquisition's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	53.354	+	19.411
	=	72.77

Integrated Rail and Resources Acquisition's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	3.389	+	20.324
	=	23.71

Integrated Rail and Resources Acquisition (OTCPK:IRRX) Total Assets Explanation

Total Assets is connected with ROA %.

Integrated Rail and Resources Acquisition's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-4.16	/	( (23.335	+	23.714)	/ 2 )
	=	-4.16	/	23.5245
	=	-17.68 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) 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.

Integrated Rail and Resources Acquisition's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (23.335	+	23.714)	/ 2 )
=	0	/	23.5245
=	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.

Integrated Rail and Resources Acquisition Total Assets Related Terms

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Integrated Rail and Resources Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Integrated Rail and Resources Acquisition Corp (OTCPK:IRRX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Morse Boulevard, Suite 220, Winter Park, FL, USA, 32789

Website

https://www.irr-x.com

Integrated Rail and Resources 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.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jason C. Reeves	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Ronald Curt Copley	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Troy O Welch	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Didier Henry N Jr	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Robert L Bach	officer: General Counsel	101 COURAGEOUS DRIVE, LEAGUE CITY TX 77573
Nathan Asplund	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Chris A Bertel	officer: Chief Financial Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Richard D Bertel	director, officer: Chief Executive Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Michael Haeg	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark W Hemphill	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Timothy J Fisher	director, officer: Chief Acquisition Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Rollin D Bredenberg	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark A Michel	director, officer: Chief Operating Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109