What is Forest Road Acquisition II Financial Strength?
Forest Road Acquisition II has the Financial Strength Rank of 0.
Good Sign:
Forest Road Acquisition Corp II shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Forest Road Acquisition II has no long-term debt (1).
As of today, Forest Road Acquisition II's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Forest Road Acquisition II's Financial Strength
For the Shell Companies subindustry, Forest Road Acquisition II's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Forest Road Acquisition II's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Forest Road Acquisition II's Financial Strength distribution charts can be found below:
* The bar in red indicates where Forest Road Acquisition II's Financial Strength falls into.
Forest Road Acquisition II Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Forest Road Acquisition II's Interest Expense for the
months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-0.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.
Forest Road Acquisition II's Interest Coverage for the quarter that ended in Sep. 2023 is
| Forest Road Acquisition II had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Forest Road Acquisition II's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Forest Road Acquisition II has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Forest Road Acquisition II (Forest Road Acquisition II) Business Description
Traded in Other Exchanges
N/A
Address
1177 Avenue of the Americas, 5th Floor, New York, NY, USA, 10036
Forest Road Acquisition Corp II is a blank check company.
Executives
| Daniel Strauss |
director |
C/O CLINTON GROUP, INC, 9 WEST 57TH STREET, NEW YORK NY 10019 |
| Pallavi Gondipalli |
director |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Kevin A Mayer |
director, officer: Co-Chief Executive Officer |
500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0845 |
| Thomas O Staggs |
director, officer: Co-Chief Executive Officer |
C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1018 |
| Keith Horn |
director |
204 STATE ROUTE 17B, P.O. BOX 5013, C/O MONTICELLO CASINO AND RACEWAY, MONTICELLO NY 12701 |
| Salil Mehta |
director |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Zachary Tarica |
officer: Chief Operating Officer |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Idan Shani |
officer: Chief Financial Officer |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| King Martin Luther Iii |
director |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Forest Road Acquisition Sponsor Ii Llc |
10 percent owner |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Jeremy Tarica |
officer: Chief Investment Officer |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
| Tk Road, Llc |
10 percent owner |
1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036 |
Forest Road Acquisition II (Forest Road Acquisition II) Headlines
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