Snap-On Inc (SNA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,989,400 | 3,652,000 | 3,368,900 | 3,053,400 | 3,083,000 |
| Total current liabilities | US$ in thousands | 961,500 | 941,600 | 971,600 | 982,200 | 1,164,900 |
| Current ratio | 4.15 | 3.88 | 3.47 | 3.11 | 2.65 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,989,400K ÷ $961,500K
= 4.15
The current ratio of Snap-On Inc has been consistently improving over the past five years. It stood at 2.65 as of December 31, 2020, and has since increased to 3.11, 3.47, 3.88, and finally 4.15 as of December 31, 2024. This indicates that the company's ability to cover its short-term financial obligations with its current assets has progressively strengthened over time. A current ratio above 1 is generally considered healthy, as it suggests that the company has an adequate level of current assets to meet its current liabilities. With Snap-On Inc's current ratio trending upwards, it shows a positive liquidity position and an improved ability to manage short-term obligations.
Peer comparison
Dec 31, 2024