Snap-On Inc (SNA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,360,500 | 1,313,300 | 1,232,700 | 1,121,000 | 1,001,500 | 959,300 | 871,300 | 833,800 | 757,200 | 759,300 | 812,900 | 861,100 | 780,000 | 735,500 | 965,900 | 904,600 | 923,400 | 787,500 | 686,200 | 185,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 349,000 | — | — | — |
| Total current liabilities | US$ in thousands | 961,500 | 956,400 | 950,100 | 989,700 | 941,600 | 981,900 | 962,300 | 999,000 | 971,600 | 993,500 | 986,100 | 1,024,100 | 982,200 | 979,700 | 1,222,100 | 1,234,100 | 1,164,900 | 1,117,000 | 829,400 | 921,900 |
| Cash ratio | 1.41 | 1.37 | 1.30 | 1.13 | 1.06 | 0.98 | 0.91 | 0.83 | 0.78 | 0.76 | 0.82 | 0.84 | 0.79 | 0.75 | 0.79 | 0.73 | 1.09 | 0.71 | 0.83 | 0.20 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,360,500K
+ $—K)
÷ $961,500K
= 1.41
Snap-On Inc's cash ratio has shown a fluctuating trend over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
From March 31, 2020, to December 31, 2024, Snap-On Inc's cash ratio has generally increased from 0.20 to 1.41. This upward trend suggests an improvement in the company's liquidity position and its ability to meet its short-term obligations.
Notably, the cash ratio reached its highest point at the end of December 31, 2024, at 1.41, indicating that the company had $1.41 in cash and cash equivalents for every dollar of short-term liabilities. This signifies a strong liquidity position for Snap-On Inc at the end of the period.
Overall, the increasing trend in the cash ratio over the years reflects positively on Snap-On Inc's ability to effectively manage its liquidity and fulfill its short-term financial obligations.
Peer comparison
Dec 31, 2024