FZT.U (FAST Acquisition II) Total Current Assets : $0.48 Mil (As of Jun. 2023)

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What is FAST Acquisition II Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. FAST Acquisition II's total current assets for the quarter that ended in Jun. 2023 was $0.48 Mil.

FAST Acquisition II Total Current Assets Historical Data

The historical data trend for FAST Acquisition II's Total Current Assets 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.

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FAST Acquisition II Total Current Assets Chart

FAST Acquisition II Annual Data

Trend

Dec21

Dec22

Total Current Assets

0.96

0.62

FAST Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Current Assets	Get a 7-Day Free Trial					0.67	0.72	0.62	0.76	0.48

FAST Acquisition II Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

FAST Acquisition II's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.552	+	0	+	0	+	0.067
	=	0.62

FAST Acquisition II's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.33	+	0	+	0	+	0.151
	=	0.48

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

FAST Acquisition II (NYSE:FZT.U) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

FAST Acquisition II's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.33	-	22.675	+	0.75 * 0	+	0.5 * 0
=	-22.35

FAST Acquisition II Total Current Assets Related Terms

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FAST Acquisition II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FAST Acquisition Corp II (NYSE:FZT.U) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Old Branchville Road, Ridgefield, CT, USA, 06877

Website

https://www.fastacqii.com

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