Snap-On Inc (SNA)

Debt-to-capital 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 stockholders’ equity US$ in thousands 5,394,100 5,475,000 5,286,300 5,141,000 5,071,300 4,830,200 4,757,100 4,610,200 4,481,300 4,317,200 4,324,400 4,298,300 4,181,900 4,047,300 4,003,400 3,876,000 3,824,900 3,619,000 3,486,700 3,331,300
Debt-to-capital ratio 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.20 0.21 0.22 0.21 0.22 0.22 0.23 0.23 0.23 0.24 0.25 0.29 0.22

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,185,500K ÷ ($1,185,500K + $5,394,100K)
= 0.18

Snap-On Inc's debt-to-capital ratio has shown a decreasing trend over the past few years, indicating a decreasing reliance on debt financing compared to total capital. The ratio decreased from 0.29 as of June 30, 2020, to 0.18 as of December 31, 2024. This suggests that the company has been effectively managing its debt levels relative to its total capital base. A lower debt-to-capital ratio generally indicates a stronger financial position and lower financial risk for the company. However, it's important to consider other factors alongside this ratio to get a comprehensive assessment of Snap-On Inc's overall financial health.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
Snap-On Inc
SNA
0.18
Simpson Manufacturing Company Inc
SSD
0.20
Stanley Black & Decker Inc
SWK
0.40