Fastenal Company (FAST)

Debt-to-equity 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 stockholders’ equity US$ in thousands 3,616,300 3,597,400 3,495,600 3,429,200 3,348,800 3,466,600 3,380,800 3,270,600 3,163,200 3,161,200 3,178,700 3,142,000 3,042,200 2,964,700 2,880,800 2,786,700 2,733,200 2,885,600 2,783,000 2,656,600
Debt-to-equity ratio 0.03 0.03 0.04 0.06 0.06 0.06 0.06 0.06 0.11 0.13 0.10 0.11 0.11 0.11 0.13 0.13 0.13 0.13 0.15 0.17

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $125,000K ÷ $3,616,300K
= 0.03

Fastenal Company's debt-to-equity ratio has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.17 on March 31, 2020, to 0.03 on December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in comparison to equity over the years. A lower debt-to-equity ratio is generally considered favorable as it suggests lower financial risk and leverage for the company. The decreasing trend in the ratio may indicate improved financial health, stronger equity base, or effective debt management by Fastenal Company during the period under review.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-equity ratio
Fastenal Company
FAST
0.03
Sherwin-Williams Co
SHW
2.25
Tractor Supply Company
TSCO
0.80