What Does Fastenal's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Fastenal Inc.'s (NASDAQ:FAST) shares have risen by 8.21% over the past three months. The company's total debt stands at $400 million, with $200 million in long-term debt and $200 million in current debt. After adjusting for $239.80 million in cash-equivalents, the net debt is $160.20 million. Fastenal's total assets amount to $4.58 billion, resulting in a debt-ratio of 0.09. Debt is a crucial factor in a company's capital structure and contributes to its growth.
June 28, 2023 | 5:16 pm
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Fastenal's shares have risen by 8.21% in the past three months. The company's total debt is $400 million, with a net debt of $160.20 million after adjusting for cash-equivalents. The debt-ratio is 0.09, indicating a low level of financial leverage.
Fastenal's low debt-ratio indicates a low level of financial leverage, which is generally seen as a positive sign by investors. This, combined with the recent rise in share price, could potentially lead to further increases in the short term.
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