Snap-On Inc (SNA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,896,800 | 7,544,900 | 6,972,800 | 6,759,700 | 6,557,300 |
| Total stockholders’ equity | US$ in thousands | 5,394,100 | 5,071,300 | 4,481,300 | 4,181,900 | 3,824,900 |
| Financial leverage ratio | 1.46 | 1.49 | 1.56 | 1.62 | 1.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,896,800K ÷ $5,394,100K
= 1.46
The financial leverage ratio of Snap-On Inc has shown a decreasing trend over the past five years, indicating a relative reduction in the company's reliance on debt to finance its operations. As of December 31, 2020, the ratio stood at 1.71, reflecting a higher level of financial leverage. However, this ratio has gradually decreased to 1.46 as of December 31, 2024, implying a lower proportion of debt in the company's capital structure. This declining trend suggests that Snap-On Inc may be managing its debt levels prudently and potentially reducing its financial risk over time.
Peer comparison
Dec 31, 2024