FAST Acquisition II (FAST Acquisition II) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is FAST Acquisition II Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Jun. 2023 was $52.48 Mil. FAST Acquisition II's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FZT.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.04

During the past 2 years, the highest Debt-to-Equity Ratio of FAST Acquisition II was 0.04. The lowest was 0.00. And the median was 0.01.

FZT.U's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs FZT.U: 0.04

FAST Acquisition II Debt-to-Equity Historical Data

The historical data trend for FAST Acquisition II's Debt-to-Equity 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-Equity Chart

FAST Acquisition II Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.01

FAST Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial					-	0.01	0.01	0.04	0.04

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

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

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

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

FAST Acquisition II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.095	+	0)	/	206.967
	=	0.01

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.257	+	0)	/	52.482
	=	0.04

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

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

FAST Acquisition II Debt-to-Equity 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 » Debt-to-Equity

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