Snap-On Inc (SNA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,989,400 | 4,000,700 | 3,858,100 | 3,776,100 | 3,652,000 | 3,605,000 | 3,533,400 | 3,481,200 | 3,368,900 | 3,269,600 | 3,230,700 | 3,236,000 | 3,053,400 | 2,974,300 | 3,149,700 | 3,052,500 | 3,083,000 | 2,938,200 | 2,772,400 | 2,303,100 |
| 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 |
| Current ratio | 4.15 | 4.18 | 4.06 | 3.82 | 3.88 | 3.67 | 3.67 | 3.48 | 3.47 | 3.29 | 3.28 | 3.16 | 3.11 | 3.04 | 2.58 | 2.47 | 2.65 | 2.63 | 3.34 | 2.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,989,400K ÷ $961,500K
= 4.15
Snap-On Inc's current ratio has shown a consistent improvement over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, increased from 2.50 in March 2020 to 4.15 in December 2024. This indicates that the company has a strong ability to meet its short-term obligations using its current assets. The current ratio trend suggests that Snap-On Inc has been managing its current assets and liabilities effectively, maintaining a healthy liquidity position. Overall, the increasing trend in the current ratio reflects positively on the company's financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024