Fastenal Balance Sheet Health
Financial Health criteria checks 6/6
Fastenal has a total shareholder equity of $3.6B and total debt of $240.0M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are $4.7B and $1.1B respectively. Fastenal's EBIT is $1.5B making its interest coverage ratio 1519. It has cash and short-term investments of $292.2M.
Key information
6.7%
Debt to equity ratio
US$240.00m
Debt
| Interest coverage ratio | 1519x |
| Cash | US$292.20m |
| Equity | US$3.60b |
| Total liabilities | US$1.14b |
| Total assets | US$4.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FASL34's short term assets ($3.3B) exceed its short term liabilities ($741.6M).
Long Term Liabilities: FASL34's short term assets ($3.3B) exceed its long term liabilities ($399.4M).
Debt to Equity History and Analysis
Debt Level: FASL34 has more cash than its total debt.
Reducing Debt: FASL34's debt to equity ratio has reduced from 17.2% to 6.7% over the past 5 years.
Debt Coverage: FASL34's debt is well covered by operating cash flow (518.5%).
Interest Coverage: FASL34's interest payments on its debt are well covered by EBIT (1519x coverage).