Rigel Resource Acquisition (Rigel Resource Acquisition) Total Assets : $274.86 Mil (As of Mar. 2024)

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What is Rigel Resource Acquisition Total Assets?

Rigel Resource Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $274.86 Mil.

During the past 12 months, Rigel Resource Acquisition's average Total Assets Growth Rate was -12.50% per year.

Total Assets is connected with ROA %. Rigel Resource Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was -1.96%. Total Assets is also linked to Revenue through Asset Turnover. Rigel Resource Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Rigel Resource Acquisition Total Assets Historical Data

The historical data trend for Rigel Resource 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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Rigel Resource Acquisition Total Assets Chart

Rigel Resource Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

308.77

311.08

270.79

Rigel Resource Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							314.25	320.75	266.83	270.79	274.86

Rigel Resource 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.

Rigel Resource 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 )
	=	245.161	+	25.633
	=	270.79

Rigel Resource Acquisition's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	254.057	+	20.8
	=	274.86

Rigel Resource Acquisition (NYSE:RRAC) Total Assets Explanation

Total Assets is connected with ROA %.

Rigel Resource Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-5.356	/	( (270.794	+	274.857)	/ 2 )
	=	-5.356	/	272.8255
	=	-1.96 %

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

Rigel Resource Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (270.794	+	274.857)	/ 2 )
=	0	/	272.8255
=	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.

Rigel Resource Acquisition Total Assets Related Terms

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Rigel Resource Acquisition (Rigel Resource Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rigel Resource Acquisition Corp (NYSE:RRAC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1045 Avenue of the Americas, 7 Bryant Park, Floor 25, New York, NY, USA, 10018

Website

http://www.rigelacquisition.com

Rigel Resource Acquisition Corp is a blank check company.

Executives

Rigel Resource Acquisition Holding Llc	10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jeff Feeley	officer: Chief Financial Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Nathaniel Abebe	director, officer: President	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jonathan Lamb	director, officer: Chief Executive Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Peter O'hagan	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Timothy Keating	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Kelvin Dushinsky	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Christine Coignard	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Oskar Lewnowski	director, 10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018

Rigel Resource Acquisition (Rigel Resource Acquisition) Headlines

From GuruFocus

Rigel Resource Acquisition Corp. Announces Non-Binding Letter of Intent to Acquire Metals Company

By Business Wire • 07-26-2023