Fastenal Company (FAST)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 255,800 | 292,200 | 255,500 | 237,100 | 221,300 | 297,500 | 243,600 | 239,800 | 230,100 | 231,500 | 247,900 | 234,200 | 236,200 | 250,500 | 321,800 | 333,900 | 245,700 | 331,800 | 201,500 | 160,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 687,100 | 741,600 | 717,000 | 637,900 | 661,300 | 667,900 | 736,600 | 863,200 | 789,800 | 802,600 | 849,000 | 745,500 | 682,200 | 662,500 | 650,200 | 661,200 | 612,700 | 603,000 | 631,300 | 580,400 |
| Cash ratio | 0.37 | 0.39 | 0.36 | 0.37 | 0.33 | 0.45 | 0.33 | 0.28 | 0.29 | 0.29 | 0.29 | 0.31 | 0.35 | 0.38 | 0.49 | 0.50 | 0.40 | 0.55 | 0.32 | 0.28 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($255,800K
+ $—K)
÷ $687,100K
= 0.37
The cash ratio of Fastenal Company has shown some fluctuations over the period from March 2020 to December 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, in March 2020, the cash ratio was 0.28, indicating that Fastenal had $0.28 in cash and cash equivalents for every dollar of its current liabilities. The ratio increased to 0.55 by September 2020, suggesting an improvement in the company's liquidity position.
However, the cash ratio started declining after September 2020 and fluctuated between 0.29 and 0.50 until December 2024. This fluctuation may indicate varying levels of cash and cash equivalents relative to current liabilities during this period.
Overall, the cash ratio of Fastenal Company remained relatively stable around 0.30 to 0.50, indicating that the company had a moderate ability to cover its short-term liabilities with its available cash and cash equivalents during the period under review.
Peer comparison
Dec 31, 2024