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FAST Acquisition (FAST Acquisition) Debt-to-EBITDA : -0.11 (As of Jun. 2022)


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What is FAST Acquisition Debt-to-EBITDA?

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

FAST Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.00 Mil. FAST Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1.27 Mil. FAST Acquisition's annualized EBITDA for the quarter that ended in Jun. 2022 was $-11.92 Mil. FAST Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was -0.11.

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's Debt-to-EBITDA or its related term are showing as below:

FST.U' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.2   Med: -1.2   Max: -0.2
Current: -0.2

During the past 2 years, the highest Debt-to-EBITDA Ratio of FAST Acquisition was -0.20. The lowest was -1.20. And the median was -1.20.

FST.U's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.345 vs FST.U: -0.20

FAST Acquisition Debt-to-EBITDA Historical Data

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

FAST Acquisition Annual Data
Trend Dec20 Dec21
Debt-to-EBITDA
N/A -1.20

FAST Acquisition Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Debt-to-EBITDA Get a 7-Day Free Trial - - -1.61 -0.22 -0.11

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

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

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

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


FAST Acquisition Debt-to-EBITDA Calculation

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

FAST Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 4.748) / -3.97
=-1.20

FAST Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 1.267) / -11.916
=-0.11

* 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.

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. 2022) EBITDA data.

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

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

FAST Acquisition (FAST Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FAST Acquisition Corp (NYSE:FST.U) » Definitions » Debt-to-EBITDA
Comparable Companies
PHYT ARTE WQGA MLAI GHAC BITE GVCI SMIH GEEX RCHG GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
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