Fortune Rise Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Fortune Rise Acquisition has a total shareholder equity of $-9.1M and total debt of $4.8M, which brings its debt-to-equity ratio to -52.4%. Its total assets and total liabilities are $35.0M and $44.1M respectively.
Key information
-52.4%
Debt to equity ratio
US$4.77m
Debt
Interest coverage ratio | n/a |
Cash | US$12.91k |
Equity | -US$9.10m |
Total liabilities | US$44.07m |
Total assets | US$34.97m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRLA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FRLA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: FRLA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FRLA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FRLA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FRLA's interest payments on its debt are well covered by EBIT.