Snap-On Inc (SNA)
Debt-to-equity 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-equity ratio | 0.22 | 0.22 | 0.22 | 0.23 | 0.23 | 0.25 | 0.25 | 0.26 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.30 | 0.31 | 0.31 | 0.33 | 0.41 | 0.28 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,185,500K ÷ $5,394,100K
= 0.22
The debt-to-equity ratio of Snap-On Inc has demonstrated a declining trend over the past few years, decreasing from 0.28 as of March 31, 2020, to 0.22 as of December 31, 2024. This indicates that the company has been relying less on debt financing relative to equity in its capital structure. A decreasing debt-to-equity ratio can be a positive signal to investors as it suggests lower financial risk and potentially greater financial stability. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this ratio. Overall, Snap-On Inc's decreasing debt-to-equity ratio may signal a prudent approach to managing its financial leverage.
Peer comparison
Dec 31, 2024