Finnovate Acquisition Corp. financial data

Symbol
FNVT, FNVTU, FNVTW on Nasdaq
Industry
Blank Checks
Location
1007 N Orange St. 10 Th Floor, Wilmington, DE
State of incorporation
Cayman Islands
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.26 % -95.6%
Debt-to-equity 197 %
Return On Equity -9.18 % +98.7%
Return On Assets 0.63 % -74.7%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 50.3M USD -70.9%
Weighted Average Number of Shares Outstanding, Basic 4.31M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
General and Administrative Expense 1.92M USD -0.35%
Operating Income (Loss) -1.92M USD +0.35%
Net Income (Loss) Attributable to Parent 281K USD -92.3%
Earnings Per Share, Basic 0.07 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 94.1K USD -87.6%
Assets, Current 96.4K USD -56%
Intangible Assets, Net (Excluding Goodwill) 5M USD 0%
Assets 25.8M USD -48%
Liabilities, Current 4.14M USD +203%
Liabilities 1.01M USD +51.7%
Retained Earnings (Accumulated Deficit) -4.05M USD -252%
Stockholders' Equity Attributable to Parent -4.05M USD -252%
Liabilities and Equity 25.8M USD -48%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -262K USD -74.6%
Net Cash Provided by (Used in) Financing Activities 567K USD
Net Cash Provided by (Used in) Investing Activities -300K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 5.4K USD
Deferred Tax Assets, Gross 0 USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 592K USD +2310%
Preferred Stock, Shares Outstanding 0 shares
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%