Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | N/A | $6,557 | $6,973 | $7,545 | $7,897 |
| Liabilities | N/A | $2,711 | $2,469 | $2,452 | $2,480 |
| Equity | N/A | $3,825 | $4,481 | $5,071 | $5,394 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, Snap-on Inc has shown a consistent growth trajectory in its financial position. Total assets have steadily increased from 6.6 billion USD in 2021 to 7.9 billion USD in 2024. This indicates the company's ability to expand its asset base, potentially through investments in technology, acquisitions, or organic growth initiatives. On the liabilities side, there has been a slight increase in total liabilities from 2.7 billion USD in 2021 to 2.5 billion USD in 2024. This suggests that the company has been managing its debt levels effectively while still fueling its growth. Stockholders' equity has experienced significant growth, climbing from 3.8 billion USD in 2021 to 5.4 billion USD in 2024. This demonstrates that Snap-on Inc has been generating strong profits or retaining earnings to strengthen its equity position. The increasing equity signifies that shareholders' confidence in the company's future prospects may be growing, as higher equity levels imply better solvency and financial stability. These positive trends in asset growth and equity expansion reflect favorably on Snap-on Inc's financial health and its ability to sustain and potentially enhance its competitive position in the industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.