Snap-on Balance Sheet Health
Financial Health criteria checks 6/6
Snap-on has a total shareholder equity of $5.1B and total debt of $1.2B, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $7.5B and $2.5B respectively. Snap-on's EBIT is $1.3B making its interest coverage ratio 139. It has cash and short-term investments of $1.0B.
Key information
23.6%
Debt to equity ratio
US$1.20b
Debt
| Interest coverage ratio | 139x |
| Cash | US$1.00b |
| Equity | US$5.09b |
| Total liabilities | US$2.45b |
| Total assets | US$7.54b |
Recent financial health updates
Here's Why Snap-on (NYSE:SNA) Can Manage Its Debt Responsibly
Sep 21
We Think Snap-on (NYSE:SNA) Can Manage Its Debt With Ease
Jun 13These 4 Measures Indicate That Snap-on (NYSE:SNA) Is Using Debt Safely
Mar 01Snap-on (NYSE:SNA) Has A Rock Solid Balance Sheet
Nov 04Recent updates
A Look Into Snap-on's (NYSE:SNA) Impressive Returns On Capital
Mar 17Snap-on: A Closer Look At This Dividend Growth Compounder
Mar 15Snap-on: Best To Wait For Another Day To Own The Stock
Mar 08Little Excitement Around Snap-on Incorporated's (NYSE:SNA) Earnings
Feb 21At US$293, Is It Time To Put Snap-on Incorporated (NYSE:SNA) On Your Watch List?
Feb 03Calculating The Intrinsic Value Of Snap-on Incorporated (NYSE:SNA)
Jan 22Snap-on: Still The Right Tool For Long-Term Returns
Jan 02Do Snap-on's (NYSE:SNA) Earnings Warrant Your Attention?
Dec 27Snap-on (NYSE:SNA) Has Announced That It Will Be Increasing Its Dividend To $1.86
Nov 07Many Would Be Envious Of Snap-on's (NYSE:SNA) Excellent Returns On Capital
Oct 30Snap-on: Might Be Rewarding In The Coming Times
Oct 27What Is Snap-on Incorporated's (NYSE:SNA) Share Price Doing?
Oct 16Snap-on Incorporated (NYSE:SNA) Shares Could Be 21% Below Their Intrinsic Value Estimate
Oct 04Snap-on: Margin Ceiling May Be Near
Sep 29Here's Why Snap-on (NYSE:SNA) Can Manage Its Debt Responsibly
Sep 21Does Snap-on (NYSE:SNA) Deserve A Spot On Your Watchlist?
Aug 02Snap-on Q2 Earnings: Margin Strength But A Letdown In The Namesake Unit
Jul 21Capital Investment Trends At Snap-on (NYSE:SNA) Look Strong
Jul 21At US$281, Is Snap-on Incorporated (NYSE:SNA) Worth Looking At Closely?
Jul 09Snap-on's Golden Age Of Shareholder Value
Jul 04A Look At The Intrinsic Value Of Snap-on Incorporated (NYSE:SNA)
Jun 27We Think Snap-on (NYSE:SNA) Can Manage Its Debt With Ease
Jun 13Snap-on (NYSE:SNA) Ticks All The Boxes When It Comes To Earnings Growth
Apr 25Here's What Snap-on's (NYSE:SNA) Strong Returns On Capital Mean
Apr 13Is There Now An Opportunity In Snap-on Incorporated (NYSE:SNA)?
Apr 02Estimating The Intrinsic Value Of Snap-on Incorporated (NYSE:SNA)
Mar 22These 4 Measures Indicate That Snap-on (NYSE:SNA) Is Using Debt Safely
Mar 01Snap-on: The Future Is Bright
Feb 24Snap-On declares $1.62 dividend
Feb 09Snap-On Q4 2022 Earnings Preview
Feb 01Does Snap-on (NYSE:SNA) Deserve A Spot On Your Watchlist?
Jan 14Snap-on: High-Quality Stock And Products Deserve A Hold For Life
Dec 22Are Investors Undervaluing Snap-on Incorporated (NYSE:SNA) By 22%?
Dec 20Snap-on Is A Good Buy At The Current Levels
Dec 15Many Would Be Envious Of Snap-on's (NYSE:SNA) Excellent Returns On Capital
Dec 09Snap-on (NYSE:SNA) Will Pay A Larger Dividend Than Last Year At $1.62
Nov 17Snap-On raises dividend by 14.1% to $1.62
Nov 04Snap-on (NYSE:SNA) Has A Rock Solid Balance Sheet
Nov 04Snap-On Q3 2022 Earnings Preview
Oct 19Is Snap-on Incorporated (NYSE:SNA) Potentially Undervalued?
Oct 18With EPS Growth And More, Snap-on (NYSE:SNA) Makes An Interesting Case
Oct 05Why Snap-on Is A Good Dividend Growth Pick For The Current Market
Sep 29Many Would Be Envious Of Snap-on's (NYSE:SNA) Excellent Returns On Capital
Sep 02Snap-on a new best idea short at Hedgeye
Aug 08Are Investors Undervaluing Snap-on Incorporated (NYSE:SNA) By 42%?
Jul 27Financial Position Analysis
Short Term Liabilities: SNA's short term assets ($3.7B) exceed its short term liabilities ($941.6M).
Long Term Liabilities: SNA's short term assets ($3.7B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: SNA's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: SNA's debt to equity ratio has reduced from 36.3% to 23.6% over the past 5 years.
Debt Coverage: SNA's debt is well covered by operating cash flow (96.2%).
Interest Coverage: SNA's interest payments on its debt are well covered by EBIT (139x coverage).