Fastenal Company (FAST)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,211,900 | 3,020,900 | 3,124,800 | 2,856,600 | 2,499,600 |
| Total current liabilities | US$ in thousands | 687,100 | 661,300 | 789,800 | 682,200 | 612,700 |
| Current ratio | 4.67 | 4.57 | 3.96 | 4.19 | 4.08 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,211,900K ÷ $687,100K
= 4.67
Fastenal Company's current ratio has shown a generally positive trend over the past five years, starting at 4.08 in December 2020 and increasing to 4.67 by December 2024. This indicates the company's ability to cover its short-term liabilities with its current assets has strengthened over time. Although there was a slight dip in the ratio from 2021 to 2022, the subsequent increase in 2023 and 2024 suggests improved liquidity and financial health. Overall, the company appears to have a strong short-term liquidity position, reflected in its consistently high current ratio levels throughout the period under review.
Peer comparison
Dec 31, 2024