FAST Acquisition II (FAST Acquisition II) Debt-to-EBITDA : -0.69 (As of Jun. 2023)

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What is FAST Acquisition II Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

FAST Acquisition II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.26 Mil. FAST Acquisition II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. FAST Acquisition II's annualized EBITDA for the quarter that ended in Jun. 2023 was $-3.27 Mil. FAST Acquisition II's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -0.69.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

FZT.U' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.55 Med: -0.27 Max: -0.27
Current: -0.55

During the past 2 years, the highest Debt-to-EBITDA Ratio of FAST Acquisition II was -0.27. The lowest was -0.55. And the median was -0.27.

FZT.U's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.42 vs FZT.U: -0.55

FAST Acquisition II Debt-to-EBITDA Historical Data

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

* Premium members only.

FAST Acquisition II Debt-to-EBITDA Chart

FAST Acquisition II Annual Data

Trend

Dec21

Dec22

Debt-to-EBITDA

-0.27

FAST Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial					-0.09	-0.20	-0.59	-0.43	-0.69

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

For the Shell Companies subindustry, FAST Acquisition II's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

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

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

FAST Acquisition II Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.095	+	0)	/	-4.055
	=	-0.27

FAST Acquisition II's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.257	+	0)	/	-3.268
	=	-0.69

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2023) EBITDA data.

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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

FAST Acquisition II Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of FAST Acquisition II's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Debt-to-EBITDA

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