Snap (SNAP) Cash-to-Debt

: 0.82 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Snap's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.82.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Snap couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Snap's Cash-to-Debt or its related term are showing as below:

SNAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 1.71 Max: No Debt
Current: 0.82

During the past 9 years, Snap's highest Cash to Debt Ratio was No Debt. The lowest was 0.82. And the median was 1.71.

SNAP's Cash-to-Debt is ranked worse than
76.32% of 587 companies
in the Interactive Media industry
Industry Median: 4.57 vs SNAP: 0.82

Snap Cash-to-Debt Historical Data

The historical data trend for Snap's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Snap Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.71

1.27

1.40

0.94

0.82

Snap Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.94	0.99	0.89	0.87	0.82

Competitive Comparison

For the Internet Content & Information subindustry, Snap's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Snap Cash-to-Debt Distribution

For the Interactive Media industry and Communication Services sector, Snap's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Snap's Cash-to-Debt falls into.

Snap Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Snap's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3544.08	/	(49.321	+	4295.679)
	=	0.82

Snap's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3544.08	/	(49.321	+	4295.679)
	=	0.82

Snap (NYSE:SNAP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Snap Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Snap's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Snap (SNAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNAP:Mexico 1SNAP:Italy 1SId:UK 0RNH:UK 1SI:Germany 1SI:Germany 1SI:Germany 1SI:Germany SNAP:Austria SNAP:Argentina

Address

3000 31st Street, Santa Monica, CA, USA, 90405

Website

https://www.snap.com

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. Snap generates nearly all its revenue from advertising with 70% coming from North America. The firm is headquartered in Venice, California.

Executives

Rebecca Morrow	officer: CAO and Controller	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Derek Andersen	officer: Chief Financial Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael J. O'sullivan	officer: General Counsel	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Eric Young	officer: SVP of Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Robert C. Murphy	director, officer: Chief Technology Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Evan Spiegel	director, officer: Chief Executive Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jerry James Hunter	officer: Senior VP, Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Patrick Spence	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Poppy Thorpe	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jeremi Gorman	officer: Chief Business Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Joanna Coles	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Fidel Vargas	director	3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405
Jared Grusd	officer: Chief Strategy Officer	C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405
Elizabeth Jenkins	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael Lynton	director	2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067