Snap Net Debt vs Cash And Equivalents Analysis

SNA Stock

USD 365.97 4.57 1.26%

Snap On financial indicator trend analysis is much more than just breaking down Snap On prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snap On is a good investment. Please check the relationship between Snap On Net Debt and its Cash And Equivalents accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap On. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.

Net Debt vs Cash And Equivalents

Net Debt vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snap On Net Debt account and Cash And Equivalents. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Snap On's Net Debt and Cash And Equivalents is -0.52. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Snap On, assuming nothing else is changed. The correlation between historical values of Snap On's Net Debt and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Snap On are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Net Debt i.e., Snap On's Net Debt and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Equivalents

Most indicators from Snap On's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snap On current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap On. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.At present, Snap On's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.34, whereas Selling General Administrative is forecasted to decline to about 1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	2.2B	2.7B	2.9B
Total Revenue	4.3B	4.5B	5.1B	2.6B

Gross Profit Total Revenue

Snap On fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Good Will	Common Stock Total Equity
Total Assets		0.68	0.72	0.7	0.98	0.82	0.03	0.97	0.81	0.98	0.58	0.81	0.76	-0.86	0.55	0.97	0.1	-0.92	0.68	0.98	0.15	0.91	0.83	0.72	0.79	0.81
Short Long Term Debt Total	0.68		0.93	0.91	0.56	0.94	0.44	0.54	0.38	0.75	-0.03	0.38	0.91	-0.28	0.87	0.57	0.26	-0.51	0.98	0.59	0.43	0.87	0.83	0.12	0.94	0.72
Other Current Liab	0.72	0.93		0.89	0.6	0.92	0.5	0.58	0.3	0.8	0.06	0.3	0.95	-0.28	0.85	0.61	0.37	-0.51	0.96	0.61	0.37	0.9	0.82	0.2	0.97	0.81
Total Current Liabilities	0.7	0.91	0.89		0.61	0.89	0.49	0.6	0.32	0.77	-0.02	0.32	0.91	-0.3	0.62	0.61	0.03	-0.53	0.86	0.6	0.7	0.84	0.8	0.15	0.86	0.63
Total Stockholder Equity	0.98	0.56	0.6	0.61		0.75	-0.12	1.0	0.85	0.94	0.67	0.85	0.69	-0.9	0.4	0.99	-0.03	-0.96	0.54	0.99	0.09	0.83	0.79	0.79	0.68	0.72
Property Plant And Equipment Net	0.82	0.94	0.92	0.89	0.75		0.28	0.74	0.51	0.86	0.15	0.51	0.97	-0.46	0.77	0.76	0.15	-0.72	0.91	0.75	0.33	0.92	0.92	0.32	0.94	0.73
Net Debt	0.03	0.44	0.5	0.49	-0.12	0.28		-0.14	-0.51	0.2	-0.43	-0.51	0.37	0.26	0.4	-0.09	0.26	0.27	0.48	-0.14	0.59	0.28	0.07	-0.35	0.38	0.35
Retained Earnings	0.97	0.54	0.58	0.6	1.0	0.74	-0.14		0.85	0.93	0.66	0.85	0.68	-0.9	0.37	0.99	-0.08	-0.98	0.52	0.98	0.09	0.81	0.79	0.78	0.66	0.68
Cash	0.81	0.38	0.3	0.32	0.85	0.51	-0.51	0.85		0.7	0.7	1.0	0.38	-0.87	0.3	0.81	-0.04	-0.88	0.34	0.89	-0.17	0.61	0.62	0.77	0.46	0.5
Non Current Assets Total	0.98	0.75	0.8	0.77	0.94	0.86	0.2	0.93	0.7		0.49	0.7	0.82	-0.79	0.61	0.93	0.13	-0.86	0.75	0.94	0.25	0.94	0.83	0.64	0.85	0.85
Non Currrent Assets Other	0.58	-0.03	0.06	-0.02	0.67	0.15	-0.43	0.66	0.7	0.49		0.7	0.09	-0.76	-0.05	0.62	-0.07	-0.63	-0.04	0.66	-0.25	0.27	0.15	0.98	0.13	0.5
Cash And Short Term Investments	0.81	0.38	0.3	0.32	0.85	0.51	-0.51	0.85	1.0	0.7	0.7		0.38	-0.87	0.3	0.81	-0.04	-0.88	0.34	0.89	-0.17	0.61	0.62	0.77	0.46	0.5
Net Receivables	0.76	0.91	0.95	0.91	0.69	0.97	0.37	0.68	0.38	0.82	0.09	0.38		-0.35	0.74	0.71	0.18	-0.64	0.9	0.68	0.39	0.89	0.9	0.26	0.93	0.73
Common Stock Shares Outstanding	-0.86	-0.28	-0.28	-0.3	-0.9	-0.46	0.26	-0.9	-0.87	-0.79	-0.76	-0.87	-0.35		-0.2	-0.89	0.09	0.88	-0.27	-0.9	0.1	-0.62	-0.53	-0.84	-0.4	-0.57
Non Current Liabilities Total	0.55	0.87	0.85	0.62	0.4	0.77	0.4	0.37	0.3	0.61	-0.05	0.3	0.74	-0.2		0.41	0.62	-0.33	0.93	0.48	0.01	0.77	0.68	0.06	0.88	0.76
Inventory	0.97	0.57	0.61	0.61	0.99	0.76	-0.09	0.99	0.81	0.93	0.62	0.81	0.71	-0.89	0.41		-0.04	-0.97	0.54	0.97	0.08	0.83	0.81	0.75	0.68	0.7
Other Current Assets	0.1	0.26	0.37	0.03	-0.03	0.15	0.26	-0.08	-0.04	0.13	-0.07	-0.04	0.18	0.09	0.62	-0.04		0.18	0.41	0.06	-0.33	0.24	0.07	-0.08	0.34	0.46
Other Stockholder Equity	-0.92	-0.51	-0.51	-0.53	-0.96	-0.72	0.27	-0.98	-0.88	-0.86	-0.63	-0.88	-0.64	0.88	-0.33	-0.97	0.18		-0.46	-0.95	-0.02	-0.77	-0.8	-0.75	-0.6	-0.57
Total Liab	0.68	0.98	0.96	0.86	0.54	0.91	0.48	0.52	0.34	0.75	-0.04	0.34	0.9	-0.27	0.93	0.54	0.41	-0.46		0.58	0.33	0.88	0.81	0.11	0.96	0.78
Total Current Assets	0.98	0.59	0.61	0.6	0.99	0.75	-0.14	0.98	0.89	0.94	0.66	0.89	0.68	-0.9	0.48	0.97	0.06	-0.95	0.58		0.04	0.84	0.8	0.78	0.71	0.75
Short Term Debt	0.15	0.43	0.37	0.7	0.09	0.33	0.59	0.09	-0.17	0.25	-0.25	-0.17	0.39	0.1	0.01	0.08	-0.33	-0.02	0.33	0.04		0.26	0.18	-0.15	0.28	0.12
Intangible Assets	0.91	0.87	0.9	0.84	0.83	0.92	0.28	0.81	0.61	0.94	0.27	0.61	0.89	-0.62	0.77	0.83	0.24	-0.77	0.88	0.84	0.26		0.9	0.43	0.94	0.82
Accounts Payable	0.83	0.83	0.82	0.8	0.79	0.92	0.07	0.79	0.62	0.83	0.15	0.62	0.9	-0.53	0.68	0.81	0.07	-0.8	0.81	0.8	0.18	0.9		0.31	0.89	0.62
Property Plant And Equipment Gross	0.72	0.12	0.2	0.15	0.79	0.32	-0.35	0.78	0.77	0.64	0.98	0.77	0.26	-0.84	0.06	0.75	-0.08	-0.75	0.11	0.78	-0.15	0.43	0.31		0.28	0.59
Good Will	0.79	0.94	0.97	0.86	0.68	0.94	0.38	0.66	0.46	0.85	0.13	0.46	0.93	-0.4	0.88	0.68	0.34	-0.6	0.96	0.71	0.28	0.94	0.89	0.28		0.84
Common Stock Total Equity	0.81	0.72	0.81	0.63	0.72	0.73	0.35	0.68	0.5	0.85	0.5	0.5	0.73	-0.57	0.76	0.7	0.46	-0.57	0.78	0.75	0.12	0.82	0.62	0.59	0.84

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Snap On Account Relationship Matchups

Snap On fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7B	6.6B	6.8B	7.0B	7.5B	7.9B
Short Long Term Debt Total	1.2B	1.5B	1.2B	1.2B	1.3B	640.8M
Other Current Liab	491.1M	502.3M	546.1M	527.8M	570.5M	358.7M
Total Current Liabilities	947.6M	1.2B	982.2M	971.6M	941.6M	625.5M
Total Stockholder Equity	3.4B	3.8B	4.2B	4.5B	5.1B	5.3B
Property Plant And Equipment Net	577.1M	578.1M	570.1M	574.1M	614M	365.1M
Net Debt	1.0B	561.2M	454.5M	488.5M	279.8M	440.8M
Retained Earnings	4.8B	5.2B	5.7B	6.3B	6.9B	7.3B
Cash	184.5M	923.4M	780M	757.2M	1.0B	1.1B
Non Current Assets Total	3.3B	3.5B	3.7B	3.6B	3.9B	4.1B
Non Currrent Assets Other	62.3M	91.7M	176.3M	84.3M	1.8B	1.9B
Cash And Short Term Investments	184.5M	923.4M	780M	757.2M	1.0B	1.1B
Net Receivables	1.3B	1.3B	1.3B	1.4B	1.5B	809.1M
Common Stock Shares Outstanding	55.9M	54.8M	55M	54.2M	53.9M	47.5M
Liabilities And Stockholders Equity	5.7B	6.6B	6.8B	7.0B	7.5B	7.9B
Non Current Liabilities Total	1.3B	1.5B	1.6B	1.5B	1.5B	854.9M
Inventory	760.4M	746.5M	803.8M	1.0B	1.0B	1.1B
Other Current Assets	110.2M	129.7M	134.6M	144.8M	138.4M	122.0M
Other Stockholder Equity	(930.1M)	(1.0B)	(1.2B)	(1.4B)	(1.5B)	(1.4B)
Total Liab	2.3B	2.7B	2.6B	2.5B	2.5B	1.5B
Total Current Assets	2.4B	3.1B	3.1B	3.4B	3.7B	3.8B
Short Term Debt	186.3M	202.9M	290.5M	39.4M	38.6M	37.4M
Intangible Assets	243.9M	260.8M	301.7M	275.6M	268.9M	239.6M
Accounts Payable	198.5M	222.9M	277.6M	287M	238M	156.7M
Property Plant And Equipment Gross	577.1M	578.1M	570.1M	574.1M	1.6B	1.7B
Accumulated Other Comprehensive Income	(507.9M)	(365.8M)	(343.9M)	(528.3M)	(449.5M)	(427.0M)
Good Will	913.8M	982.4M	1.1B	1.0B	1.1B	722.4M
Other Liab	320.7M	329.7M	356.6M	267.3M	307.4M	329.3M
Other Assets	87.2M	131.7M	604M	154.3M	1.0	0.95
Long Term Debt	946.9M	1.2B	1.2B	1.2B	1.2B	827.0M
Treasury Stock	(1.1B)	(1.3B)	(1.4B)	(1.7B)	(1.5B)	(1.5B)
Property Plant Equipment	495.1M	574.4M	574.1M	570.1M	660.2M	439.9M
Current Deferred Revenue	55.1M	53.6M	56.4M	57.1M	58.4M	58.8M
Short Term Investments	317M	329M	17.1M	349M	401.4M	421.4M
Net Tangible Assets	2.3B	3.8B	2.8B	4.5B	5.2B	5.4B
Retained Earnings Total Equity	4.8B	5.2B	5.7B	6.3B	7.2B	4.0B

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When determining whether Snap On offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Snap On's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snap On Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Snap On Stock:

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Is Snap Stock a good investment?

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What is Snap On's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap On. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.

You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snap On. If investors know Snap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snap On listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.042

Dividend Share

7.44

Earnings Share

19.43

Revenue Per Share

96.839

Quarterly Revenue Growth

(0.01)

The market value of Snap On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snap On's market value can be influenced by many factors that don't directly affect Snap On's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Snap Net Debt vs Cash And Equivalents Analysis

Net Debt vs Cash And Equivalents

Net Debt vs Cash And Equivalents Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Equivalents

Snap On fundamental ratios Correlations

Snap On Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Snap On fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Retained Earnings
Total Stockholder Equity	+ 0.98	Total Assets

Other Stockholder Equity	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.97	Inventory
Other Stockholder Equity	- 0.96	Total Stockholder Equity
Total Current Assets	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.92	Total Assets
Total Current Assets	- 0.9	Common Stock Shares Outstanding