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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. FAST Acquisition II's goodwill for the quarter that ended in Jun. 2023 was $0.00 Mil.
The historical data trend for FAST Acquisition II's Goodwill 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.
FAST Acquisition II Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Goodwill | - | - |
FAST Acquisition II Quarterly Data | ||||||||||
Jan21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
FAST Acquisition II (NYSE:FZT.U) Goodwill Explanation
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
FAST Acquisition II's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Goodwill-to-Asset (A: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 225.275 | |
= |
FAST Acquisition II's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2023 is calculated as
Goodwill-to-Asset (Q: Jun. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 75.158 | |
= |
* 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.
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Thank you for viewing the detailed overview of FAST Acquisition II's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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