Fastenal Co (WBO:FAST) Debt-to-Equity

: 0.14 (As of Mar. 2024)

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Fastenal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €90 Mil. Fastenal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €355 Mil. Fastenal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,155 Mil. Fastenal Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fastenal Co's Debt-to-Equity or its related term are showing as below:

WBO:FAST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.21 Max: 0.3
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Fastenal Co was 0.30. The lowest was 0.04. And the median was 0.21.

WBO:FAST's Debt-to-Equity is ranked better than
78.79% of 132 companies
in the Industrial Distribution industry
Industry Median: 0.495 vs WBO:FAST: 0.14

Fastenal Co Debt-to-Equity Historical Data

The historical data trend for Fastenal Co's Debt-to-Equity 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.

* Premium members only.

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.22

0.24

0.21

0.25

0.16

Fastenal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity																0.20	0.18	0.16	0.16	0.14

Competitive Comparison

For the Industrial Distribution subindustry, Fastenal Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fastenal Co's Debt-to-Equity falls into.

Fastenal Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fastenal Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(143.235	+	347.36)	/	3070.85
	=	0.16

Fastenal Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(89.608	+	355.12)	/	3154.864
	=	0.14

Fastenal Co (WBO:FAST) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Fastenal Co Debt-to-Equity Related Terms

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Fastenal Co (WBO:FAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (WBO:FAST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

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.