Snap-on Balance Sheet Health
Financial Health criteria checks 6/6
Snap-on has a total shareholder equity of $5.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are $8.0B and $2.5B respectively. Snap-on's EBIT is $1.4B making its interest coverage ratio -356.9. It has cash and short-term investments of $1.3B.
Key information
21.8%
Debt to equity ratio
US$1.20b
Debt
| Interest coverage ratio | -356.9x |
| Cash | US$1.31b |
| Equity | US$5.50b |
| Total liabilities | US$2.46b |
| Total assets | US$7.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPU's short term assets ($4.0B) exceed its short term liabilities ($956.4M).
Long Term Liabilities: SPU's short term assets ($4.0B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: SPU has more cash than its total debt.
Reducing Debt: SPU's debt to equity ratio has reduced from 35.5% to 21.8% over the past 5 years.
Debt Coverage: SPU's debt is well covered by operating cash flow (101.8%).
Interest Coverage: SPU earns more interest than it pays, so coverage of interest payments is not a concern.