Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fastenal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,429 Mil. Fastenal Co's Total Assets for the quarter that ended in Mar. 2024 was $4,533 Mil.
Therefore, Fastenal Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.76.
The historical rank and industry rank for Fastenal Co's Equity-to-Asset or its related term are showing as below:
FAST'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.7 Max: 0.82
Current: 0.76
During the past 13 years, the highest Equity to Asset Ratio of Fastenal Co was 0.82. The lowest was 0.66. And the median was 0.70.
FAST's Equity-to-Asset is ranked better than 88.44% of 147
companies
in the Industrial Distribution industry
Industry Median: 0.48
vs FAST: 0.76
Fastenal Co Equity-to-Asset Historical Data
The historical data trend for Fastenal Co's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Industrial Distribution subindustry, Fastenal Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fastenal Co Equity-to-Asset Distribution
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Fastenal Co's Equity-to-Asset falls into.
Fastenal Co Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Fastenal Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fastenal Co (NAS:FAST) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Fastenal Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Fastenal Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
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