• Snap-On average debt/equity ratio for 2024 was 0.22, a 12% decline from 2023.
• Snap-On average debt/equity ratio for 2023 was 0.25, a 7.41% decline from 2022.
• Snap-On average debt/equity ratio for 2022 was 0.27, a 6.9% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.