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FAST Acquisition II (FAST Acquisition II) Net-Net Working Capital : $0.00 (As of Jun. 2023)


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What is FAST Acquisition II Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

FAST Acquisition II's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $0.00.

The industry rank for FAST Acquisition II's Net-Net Working Capital or its related term are showing as below:

FZT.U's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

FAST Acquisition II Net-Net Working Capital Historical Data

The historical data trend for FAST Acquisition II's Net-Net Working Capital 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 Net-Net Working Capital Chart

FAST Acquisition II Annual Data
Trend Dec21 Dec22
Net-Net Working Capital
- -

FAST Acquisition II Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of FAST Acquisition II's Net-Net Working Capital

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

For the Diversified Financial Services industry and Financial Services sector, FAST Acquisition II's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where FAST Acquisition II's Price-to-Net-Net-Working-Capital falls into.



FAST Acquisition II Net-Net Working Capital Calculation

FAST Acquisition II's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.552+0.75 * 0+0.5 * 0-18.308
-0-0)/0
=N/A

FAST Acquisition II's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.33+0.75 * 0+0.5 * 0-22.675
-0-0)/0
=N/A

* 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 calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


FAST Acquisition II  (NYSE:FZT.U) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


FAST Acquisition II Net-Net Working Capital Related Terms

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FAST Acquisition II (FAST Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
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

FAST Acquisition II (FAST Acquisition II) Headlines