Snap-On Inc (SNA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,185,500 | 1,185,300 | 1,185,100 | 1,184,900 | 1,184,600 | 1,184,400 | 1,184,200 | 1,184,000 | 1,183,800 | 1,183,600 | 1,183,400 | 1,183,200 | 1,182,900 | 1,182,700 | 1,182,500 | 1,182,300 | 1,182,100 | 1,181,800 | 1,436,700 | 948,200 |
| Total assets | US$ in thousands | 7,896,800 | 7,953,300 | 7,759,900 | 7,666,800 | 7,544,900 | 7,304,300 | 7,230,400 | 7,125,600 | 6,972,800 | 6,835,500 | 6,864,300 | 6,895,200 | 6,759,700 | 6,580,900 | 6,791,600 | 6,673,500 | 6,557,300 | 6,267,600 | 6,113,500 | 5,564,300 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.17 | 0.18 | 0.18 | 0.19 | 0.24 | 0.17 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,185,500K ÷ $7,896,800K
= 0.15
The debt-to-assets ratio of Snap-On Inc has shown relative stability over the periods from March 31, 2020, to December 31, 2024, ranging between 0.15 and 0.24. This ratio measures the proportion of the company's total debt relative to its total assets. A lower debt-to-assets ratio indicates that the company is financing its assets primarily through equity rather than debt, which could be viewed positively by investors and creditors. The decreasing trend in the ratio from 0.24 in June 2020 to 0.15 in December 2024 suggests a potential improvement in the company's financial health and reduced reliance on debt to finance its operations. However, it is essential to consider the industry benchmarks and overall economic conditions when evaluating the significance of the debt-to-assets ratio for Snap-On Inc.
Peer comparison
Dec 31, 2024