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Short Term Debt Coverage Ratio for Snap Inc

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SNAP: Snap Inc

Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messagin...

8.05 USD
Price
USD
Fair Value
Upside
7.66 - 17.33
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Snap Inc's Short Term Debt Coverage Ratio:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024-5.0x0.0x5.0x

Performance Summary
  • Snap's latest twelve months short term debt coverage ratio is 6.8x
  • Snap's short term debt coverage ratio for fiscal years ending December 2020 to 2024 averaged 3.4x.
  • Snap's operated at median short term debt coverage ratio of 5.0x from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Snap's short term debt coverage ratio peaked in December 2024 at 6.8x.
  • Snap's short term debt coverage ratio hit its 5-year low in December 2020 of -4.1x.
  • Snap's short term debt coverage ratio decreased in 2022 (4.0x, -29.0%) and increased in 2020 (-4.1x, -43.6%), 2021 (5.6x, -237.0%), 2023 (5.0x, +25.9%), and 2024 (6.8x, +35.4%).

How does Snap's Short Term Debt Coverage Ratio benchmark against competitors?

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We've identified the following companies as similar to Snap Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Short Term Debt Coverage Ratio

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debt_coverage_st
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Short Term Debt Coverage Ratio in the risk category include:

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Short Term Debt Coverage Ratio

A ratio that measures the amount of cash flow a firm generates for each dollar of short-term debt it uses

Definition of Short Term Debt Coverage Ratio

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Short Term Debt Coverage Ratio is defined as:

Short Term Debt Coverage Ratio = Cash From Operations / Total Current Debt

Short Term Debt Coverage measures the amount of cash flow a firm generates for each dollar of short-term debt it uses.


Click the link below to download a spreadsheet with an example Short Term Debt Coverage Ratio calculation for Snap Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-36.3x-1.3x33.7x84.7x0100200300

The chart above depicts the distribution of short term debt coverage ratio for companies operating in the Communication Services sector in the Developed economic region. Over 910 companies were considered in this analysis, and 878 had meaningful values. The average short term debt coverage ratio of companies in the sector is 4.6x with a standard deviation of 13.2x.

Snap Inc's Short Term Debt Coverage Ratio of 6.8x ranks in the 80.4% percentile for the sector. The following table provides additional summary stats:

Short Term Debt Coverage Ratio In The Communication Services Sector
Economic Risk RegionDeveloped
Total Constituents914
Included Constituents878
Min-37.8x
Max82.4x
Median1.1x
Mean4.6x
Standard Deviation13.2x

You can find companies with similar short term debt coverage ratio using this stock screener.

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