What is FAST Acquisition II Financial Strength?
FAST Acquisition II has the Financial Strength Rank of 0.
Good Sign:
FAST Acquisition Corp II shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
FAST Acquisition II has no long-term debt (1).
As of today, FAST 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 FAST Acquisition II's Financial Strength
For the Shell Companies subindustry, FAST 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.
FAST Acquisition II's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, FAST Acquisition II's Financial Strength distribution charts can be found below:
* The bar in red indicates where FAST Acquisition II's Financial Strength falls into.
FAST 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:
FAST Acquisition II's Interest Expense for the
months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Jun. 2023 was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.
FAST Acquisition II's Interest Coverage for the quarter that ended in Jun. 2023 is
| FAST 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.
FAST Acquisition II's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
FAST 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.
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 Headlines
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