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Fastenal Balance Sheet Health
Financial Health criteria checks 6/6
Fastenal has a total shareholder equity of $3.3B and total debt of $260.0M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are $4.5B and $1.1B respectively. Fastenal's EBIT is $1.5B making its interest coverage ratio 228.2. It has cash and short-term investments of $221.3M.
Key information
7.8%
Debt to equity ratio
US$260.00m
Debt
| Interest coverage ratio | 228.2x |
| Cash | US$221.30m |
| Equity | US$3.35b |
| Total liabilities | US$1.11b |
| Total assets | US$4.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FAS's short term assets ($3.0B) exceed its short term liabilities ($661.3M).
Long Term Liabilities: FAS's short term assets ($3.0B) exceed its long term liabilities ($452.8M).
Debt to Equity History and Analysis
Debt Level: FAS's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: FAS's debt to equity ratio has reduced from 21.7% to 7.8% over the past 5 years.
Debt Coverage: FAS's debt is well covered by operating cash flow (551%).
Interest Coverage: FAS's interest payments on its debt are well covered by EBIT (228.2x coverage).