NLITW (Northern Lights Acquisition) Total Assets: $119.03 Mil (As of Jun. 2022)


NLITW Northern Lights Acquisition Corp NLITW
20 GF Score
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What is Northern Lights Acquisition Total Assets?

Northern Lights Acquisition NLITW 20 Total Assets is $119.03 Mil as of Jun. 2022. GuruFocus rates NLITW with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

Northern Lights Acquisition's Total Assets for the quarter that ended in Jun. 2022 was $119.03 Mil.

During the past 12 months, Northern Lights Acquisition's average Total Assets Growth Rate was 1.00% per year.

Total Assets is connected with ROA %. Northern Lights Acquisition's annualized ROA % for the quarter that ended in Jun. 2022 was -6.17%. Total Assets is also linked to Revenue through Asset Turnover. Northern Lights Acquisition's Asset Turnover for the quarter that ended in Jun. 2022 was 0.00.

Northern Lights Acquisition  (NAS:NLITW) Total Assets Explanation

Total Assets is connected with ROA %.

Northern Lights Acquisition's annualized ROA % for the quarter that ended in Jun. 2022 is

ROA %=Net Income (Q: Jun. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Jun. 2022 ))/ count )
=-7.308/( (117.745+119.029)/ 2 )
=-7.308/118.387
=-6.17 %

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

Northern Lights Acquisition's Asset Turnover for the quarter that ended in Jun. 2022 is

Asset Turnover
=Revenue (Q: Jun. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Jun. 2022 ))/ count )
=0/( (117.745+119.029)/ 2 )
=0/118.387
=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.

Northern Lights Acquisition Total Assets Related Terms

Northern Lights Acquisition Total Assets Historical Data

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The historical data trend for Northern Lights 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.

Northern Lights Acquisition Total Assets Chart

Northern Lights Acquisition Annual Data
Trend Dec21
Total Assets
117.85

Northern Lights Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Total Assets Get a 7-Day Free Trial 118.58 117.97 117.85 117.75 119.03
NLITW
20GF Score
Northern Lights Acquisition Corp NLITW
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Lights 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.

Northern Lights 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 )
=110.519+7.327
=117.85

Northern Lights Acquisition's Total Assets for the quarter that ended in Jun. 2022 is calculated as

Total Assets=Total Equity (Q: Jun. 2022 )+Total Liabilities (Q: Jun. 2022 )
=109.476+9.553
=119.03

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $119.03 Mil mean?
Northern Lights Acquisition (NLITW) has a Total Assets of $119.03 Mil as of Jun. 2022. The total amount of assets as recorded on a company's balance sheet. View historical data on Northern Lights Acquisition and its competitors.
Is Northern Lights Acquisition's Total Assets too high?
Northern Lights Acquisition's current Total Assets is $119.03 Mil. Overall, Northern Lights Acquisition has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Northern Lights Acquisition's Total Assets compare to KWAC and MBTC?
Northern Lights Acquisition's Total Assets of $119.03 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Diversified Financial Services company?
A good Total Assets depends on the Diversified Financial Services industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Northern Lights Acquisition and its competitors. Northern Lights Acquisition's current Total Assets is $119.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Lights Acquisition stock overvalued right now?
Northern Lights Acquisition (NLITW) has a current Total Assets of $119.03 Mil. The current Total Assets is $119.03 Mil. Northern Lights Acquisition's overall GF Score™ is 20/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Northern Lights Acquisition (NLITW), the current Total Assets is $119.03 Mil as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Northern Lights Acquisition Business Description

Address 10 East 53rd Street, Suite 3001, New York, NY, USA, 10022
Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.
20GF Score

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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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