FRLA
Price:
$11.3501
Market Cap:
$71.19M
Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Metuchen, New Jersey.[Read more]
Industry
Shell Companies
IPO Date
2021-12-27
Stock Exchange
NASDAQ
Ticker
FRLA
According to Fortune Rise Acquisition Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.00. This represents a change of -86.21% compared to the average of 0.02 of the last 4 quarters.
The mean historical Current Ratio of Fortune Rise Acquisition Corporation over the last ten years is 7.86. The current 0.00 Current Ratio has changed -95.94% with respect to the historical average. Over the past ten years (40 quarters), FRLA's Current Ratio was at its highest in in the December 2021 quarter at 23.43. The Current Ratio was at its lowest in in the June 2024 quarter at 0.00.
Average
7.86
Median
0.14
Minimum
0.02
Maximum
23.43
Discovering the peaks and valleys of Fortune Rise Acquisition Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 0%
Maximum Annual Current Ratio = 23.43
Minimum Annual Increase = -99.39%
Minimum Annual Current Ratio = 0.02
Year | Current Ratio | Change |
---|---|---|
2023 | 0.02 | -85.46% |
2022 | 0.14 | -99.39% |
The current Current Ratio of Fortune Rise Acquisition Corporation (FRLA) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
7.86
5-year avg
7.86
10-year avg
7.86
Fortune Rise Acquisition Corporation’s Current Ratio is less than Magnum Opus Acquisition Limited (0.07), less than Conyers Park III Acquisition Corp. (0.97), less than Industrial Tech Acquisitions II, Inc. (0.22), less than Energem Corp. (0.07), less than Digital Transformation Opportunities Corp. (1.32), less than LAMF Global Ventures Corp. I (0.03), less than Genesis Unicorn Capital Corp. (0.22),
Company | Current Ratio | Market cap |
---|---|---|
0.07 | $125.17M | |
0.97 | $459.64M | |
0.22 | $61.99M | |
0.07 | $64.91M | |
1.32 | $262.55M | |
0.03 | $101.31M | |
0.22 | $100.65M |
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