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FAST Acquisition (FAST Acquisition) Cash-to-Debt : 2.02 (As of Jun. 2022)


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What is FAST Acquisition 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's cash to debt ratio for the quarter that ended in Jun. 2022 was 2.02.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, FAST Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

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

FST.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.06   Med: No Debt   Max: No Debt
Current: 2.02

During the past 2 years, FAST Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 1.06. And the median was No Debt.

FST.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.755 vs FST.U: 2.02

FAST Acquisition Cash-to-Debt Historical Data

The historical data trend for FAST Acquisition'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 Cash-to-Debt Chart

FAST Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt 1.06

FAST Acquisition Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt 1.06 2.43 2.02

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

For the Shell Companies subindustry, FAST Acquisition'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's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


FAST Acquisition 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's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
=5.023 / (0 + 4.748)
=1.06

FAST Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=2.554 / (0 + 1.267)
=2.02

* 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.

FAST Acquisition  (NYSE:FST.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 Cash-to-Debt Related Terms

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FAST Acquisition (FAST Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FAST Acquisition Corp (NYSE:FST.U) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Website
https://www.fastacq.com
FAST Acquisition Corp is a blank check company.
Executives
Chatham Asset Management, Llc 10 percent owner 26 MAIN STREET, SUITE 204, CHATHAM NJ 07928
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Kevin Michael Reddy director 3 MINETTA STREET, NEW YORK NY 10012
Kimberly Grant officer: Chief Strategy Officer 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
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
Todd Higgins officer: Chief Operating Officer 3 MINETTA STREET, NEW YORK NY 10012
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sandy Beall officer: Co-Chief Executive Officer 3 MINETTA STREET, NEW YORK NY 10012
Fast Sponsor, Llc 10 percent owner, other: Director by Deputization 3 MINETTA STREET, NEW YORK NY 10012
William Douglas Jacob director, 10 percent owner, officer: Co-Chief Executive Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877