Snap-on Balance Sheet Health
Financial Health criteria checks 6/6
Snap-on has a total shareholder equity of $5.2B and total debt of $1.2B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are $7.7B and $2.5B respectively. Snap-on's EBIT is $1.4B making its interest coverage ratio 277.3. It has cash and short-term investments of $1.1B.
Key information
23.2%
Debt to equity ratio
US$1.20b
Debt
Interest coverage ratio | 277.3x |
Cash | US$1.12b |
Equity | US$5.16b |
Total liabilities | US$2.50b |
Total assets | US$7.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNA's short term assets ($3.8B) exceed its short term liabilities ($989.7M).
Long Term Liabilities: SNA's short term assets ($3.8B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: SNA's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: SNA's debt to equity ratio has reduced from 33.8% to 23.2% over the past 5 years.
Debt Coverage: SNA's debt is well covered by operating cash flow (100.1%).
Interest Coverage: SNA's interest payments on its debt are well covered by EBIT (277.3x coverage).