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