Fastenal Balance Sheet Health
Financial Health criteria checks 6/6
Fastenal has a total shareholder equity of $3.4B and total debt of $200.0M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are $4.5B and $1.1B respectively. Fastenal's EBIT is $1.5B making its interest coverage ratio 423.8. It has cash and short-term investments of $237.1M.
Key information
5.8%
Debt to equity ratio
US$200.00m
Debt
| Interest coverage ratio | 423.8x |
| Cash | US$237.10m |
| Equity | US$3.43b |
| Total liabilities | US$1.10b |
| Total assets | US$4.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FAST *'s short term assets ($3.1B) exceed its short term liabilities ($637.9M).
Long Term Liabilities: FAST *'s short term assets ($3.1B) exceed its long term liabilities ($465.6M).
Debt to Equity History and Analysis
Debt Level: FAST * has more cash than its total debt.
Reducing Debt: FAST *'s debt to equity ratio has reduced from 20.4% to 5.8% over the past 5 years.
Debt Coverage: FAST *'s debt is well covered by operating cash flow (689.9%).
Interest Coverage: FAST *'s interest payments on its debt are well covered by EBIT (423.8x coverage).