Snap-On Inc (SNA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.46 | 1.45 | 1.47 | 1.49 | 1.49 | 1.51 | 1.52 | 1.55 | 1.56 | 1.58 | 1.59 | 1.60 | 1.62 | 1.63 | 1.70 | 1.72 | 1.71 | 1.73 | 1.75 | 1.67 |
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 been gradually decreasing over the past few years, indicating a decreasing reliance on debt to finance its operations. As of December 31, 2024, the financial leverage ratio stands at 1.46, suggesting that the company's debt levels are moderate and well-managed. The decreasing trend in the ratio implies that Snap-On Inc may be focusing on reducing its debt burden and improving its overall financial stability. This could potentially lead to enhanced financial flexibility and lower financial risk for the company in the future.
Peer comparison
Dec 31, 2024