Current Ratio
Updated 1928h ago
Sector Performance
92th percentileSNA
3.53x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 3.53x means that Snapon has $3.53 in current assets for every $1 of current liabilities, indicating a strong ability to cover short-term debts.
This is far above the sector median of 1.21x, placing it in the 91st percentile among peers, so the company is more liquid than most competitors. No year-over-year or quarter-over-quarter change data is available, so no trend direction can be assessed. The very high current ratio level suggests low short-term liquidity risk, but the absence of trend data makes it impossible to know if this strength is stable or eroding. Overall, this metric supports the NEUTRAL verdict because while the high liquidity reduces financial distress risk, it may also point to inefficient use of assets, and the lack of trend leaves the outlook unclear.
Frequently Asked Questions
What does the Current Ratio tell investors about SNA?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
Who are SNA's closest peers by Current Ratio?
The closest peers by Current Ratio include: SPG (0.41x), CHTR (0.40x), USB (0.40x), GEN (0.40x), DRI (0.39x).
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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3.53x
Sector Median
1.20x
Sector Avg
2.57x
How SNA's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.