Snap-On Inc (SNA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,360,500 | 1,001,500 | 757,200 | 780,000 | 923,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 349,000 |
| Receivables | US$ in thousands | 1,545,900 | 1,506,200 | 1,433,800 | 1,335,000 | 1,283,400 |
| Total current liabilities | US$ in thousands | 961,500 | 941,600 | 971,600 | 982,200 | 1,164,900 |
| Quick ratio | 3.02 | 2.66 | 2.26 | 2.15 | 2.19 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,360,500K
+ $—K
+ $1,545,900K)
÷ $961,500K
= 3.02
The quick ratio of Snap-On Inc, a measure of its short-term liquidity, has shown a positive trend over the past five years. Starting at 2.19 in December 2020, the ratio slightly decreased to 2.15 by December 2021 but then steadily increased to 2.26 in December 2022, 2.66 in December 2023, and further improved to 3.02 by December 2024. This indicates that Snap-On Inc has consistently maintained a healthy level of liquid assets relative to its current liabilities, suggesting a strong ability to meet its short-term obligations. The increasing trend in the quick ratio signifies improved liquidity management and financial stability over the years, reflecting positively on the company's overall financial health.
Peer comparison
Dec 31, 2024