Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporationverified

FRLA

Price:

$11.15

Market Cap:

$36.65M

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

The Current Ratio as of December 2024 (TTM) for Fortune Rise Acquisition Corporation (FRLA) is 0.00

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 -56.68% compared to the average of 0.01 of the last 4 quarters.

Fortune Rise Acquisition Corporation (FRLA) Historical Current Ratio (quarterly & annually)

How has FRLA Current Ratio performed in the past?

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 -95.32% 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.

Quarterly (TTM)
Annual

Average

7.86

Median

0.14

Minimum

0.02

Maximum

23.43

Fortune Rise Acquisition Corporation (FRLA) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.02-85.46%
20220.14-99.39%

Fortune Rise Acquisition Corporation (FRLA) Average Current Ratio

How has FRLA Current Ratio performed in the past?

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 (FRLA) Current Ratio vs. Peers

How is FRLA’s Current Ratio compared to its peers?

Fortune Rise Acquisition Corporation’s Current Ratio is less than Magnum Opus Acquisition Limited (0.13), less than Conyers Park III Acquisition Corp. (2.22), less than Industrial Tech Acquisitions II, Inc. (0.69), less than Energem Corp. (0.17), less than Digital Transformation Opportunities Corp. (1.36), less than LAMF Global Ventures Corp. I (0.03), less than Genesis Unicorn Capital Corp. (0.22),

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