FAST Acquisition II (FAST Acquisition II) Cash-to-Debt : 0.15 (As of Jun. 2023)

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What is FAST Acquisition II Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. FAST Acquisition II's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.15.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, FAST Acquisition II couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for FAST Acquisition II's Cash-to-Debt or its related term are showing as below:

FZT.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.65 Max: No Debt
Current: 0.15

During the past 2 years, FAST Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 0.65.

FZT.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs FZT.U: 0.15

FAST Acquisition II Cash-to-Debt Historical Data

The historical data trend for FAST Acquisition II's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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FAST Acquisition II Cash-to-Debt Chart

FAST Acquisition II Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.50

FAST Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial					0.65	0.43	0.50	0.32	0.15

Competitive Comparison of FAST Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, FAST Acquisition II's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FAST Acquisition II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FAST Acquisition II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FAST Acquisition II's Cash-to-Debt falls into.

FAST Acquisition II Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

FAST Acquisition II's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.552	/	(1.095	+	0)
	=	0.50

FAST Acquisition II's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.33	/	(2.257	+	0)
	=	0.15

FAST Acquisition II (NYSE:FZT.U) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

FAST Acquisition II Cash-to-Debt Related Terms

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FAST Acquisition II (FAST Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FAST Acquisition Corp II (NYSE:FZT.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Old Branchville Road, Ridgefield, CT, USA, 06877

Website

https://www.fastacqii.com

FAST Acquisition Corp II is a blank check company.

Executives

Kevin Michael Reddy	director	3 MINETTA STREET, NEW YORK NY 10012
Alice Elliot	director	C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211
Ramin Arani	director	C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber	officer: CFO	3 MINETTA STREET, NEW YORK NY 10012
Sandy Beall	director, officer: Chief Executive Officer	3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda	director	3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria	director	C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin	director	C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Eugene Remm	director, officer: Chief Brand Officer	551 W. 21ST STREET, 6B, NEW YORK NY 10011
Fast Sponsor Ii Llc	10 percent owner	109 OLD BRANCHVILLE ROAD, RIDGEFIELD CT 06877
Fast Sponsor Ii Manager Llc	other: See Remarks	109 OLD BRANCHVILLE ROAD, RIDGEFIELD CT 06877
Daniel Gardner	officer: Chief Digital Officer	8516 ROLLINS DRIVE, AUSTIN TX 78738
Clifford Ryan Moskowitz	director	117 STONEMILL ROAD, STORRS CT 06268