Fastenal Company (FAST)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 125,000 | 125,000 | 125,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 353,200 | 404,700 | 310,000 | 330,000 | 330,000 | 330,000 | 365,000 | 365,000 | 365,000 | 365,000 | 405,000 | 450,100 |
| Total assets | US$ in thousands | 4,698,000 | 4,738,400 | 4,603,500 | 4,532,700 | 4,462,900 | 4,596,600 | 4,576,800 | 4,577,000 | 4,548,600 | 4,627,400 | 4,592,300 | 4,466,700 | 4,299,000 | 4,222,500 | 4,166,600 | 4,074,400 | 3,964,700 | 4,108,600 | 4,085,200 | 3,934,700 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.08 | 0.09 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.11 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $125,000K ÷ $4,698,000K
= 0.03
The debt-to-assets ratio for Fastenal Company has shown a declining trend over the years, indicating a stronger financial position in terms of solvency and leverage. The ratio decreased from 0.11 as of March 31, 2020, to 0.03 as of December 31, 2024. This implies that the company has been reducing its debt levels in relation to its total assets, which can be seen as a positive sign of financial health and risk management. A lower debt-to-assets ratio suggests that the company relies less on debt financing and has a higher proportion of assets financed by equity. Overall, the decreasing trend in the debt-to-assets ratio reflects improved financial stability and a more sustainable capital structure for Fastenal Company.
Peer comparison
Dec 31, 2024