2019 ratios

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Financial Services 2019 2018 Non-GAAP Supplemental Consolidating Data - Supplemental Statements of Earnings information for 2020, 2019 and 2018 is as follows: Operations 2020 2019 2018 2020 Net sales 3.592 3,730,0 $ 3,740.7 $ Cost of goods sold (1.844.0) (1,8860) (1.870,7) Gross profit 1.748.5 1.844.0 1.870,0 Operating expenses (1.116,6) (1,127.6) (1.1440) Operating cumings before financial services 631.9 716.4 726,0 349.7 (1011) 248.6 337.7 1918) 245.9 329.7 (99,6) 2.10.1 726,0 Financial services reveme Financial services expenses Operating coming from financial services Operating comings Interest expense Intersegment interest income (expense) - net Other income (expense) net Eamings before income taxes and equity carings Income tax expense Earnings before equity earings Financial services - net camings attributable to Equity earnings, net of tax Net earnings Net carnings attributable to noncontrolling interests Net camings attributable to Snap-on 631.9 (538) 68.5 85 655.1 (142.7) $12.4 133.7 03 646.4 (19.4) 627.05 716.4 (488) 70.5 8.9 747.0 (1666) 580.4 129.9 09 (50.1) 69.7 4.1 749.7 (173.1) 576,6 118.9 0.7 696.2 (16.3) 679.9 $ 248.6 (0.2) (685) 0.2 180.1 (464) 133.7 245.9 (0.2) (70.5) (0.1) 175.1 (45.2) 129.9 230.1 (0.3) (697) 0.1 160.2 (41.3) 118.9 133.7 129.9 118.9 7112 (17.7) 693.5 133.75 129.9 $ 118.9 Financial Services 2019 2018 $ 0.1 Non- GAAP Supplemental Consolidating Data - Supplemental Balance Sheet Information as of 2019 and 2018 year end is as follows: Operations 2019 2018 ASSETS Current assets: Cash and cash equivalents 184.4 $ 140.5 Intersegment receivables 14.2 15.1 Trade and other accounts receivable net 693.5 692.1 Finance receivables-net Contract receivables - net 68 6.6 Inventories-net 760.4 673.8 Prepaid expenses and other assets 1118 1002 Total current assets 1,771.1 1,628.3 530.1 93.9 0.5 518.5 91.7 OS 7.0 6322 6116 493.5 1.6 1.7 2.7 $19.8 52.9 340.5 32.7 7355 329.5 45.8 7013 19.6 18.9 Property and equipment - net Operating lease right-of-use assets Investment in Financial Services Deferred income tax assets Intersegment long-term notes receivable Long-term finance receivables -net Long-term contract receivables.net Goodwill Other intangibles-net Other assets Total assets 1,1035 344.1 1,074.4 333.0 16.0 913.8 243.9 73.0 4,719.2 119 W122 232.9 $1.9 4,397.3 0.2 2,104.0 0.1 2,039.6 Non-GAAP Supplemental Consolidating Data - Supplemental Balance Sheet Information (continued): Operations Financial Services 2019 2018 2019 2018 S 202.9 197.3 1863 1996 1.5 15.1 LIABILITIES AND EQUITY Current liabilities: Notes payable Accounts payable Intersegment payables Accrued benefits Accrued compensation Franchisee deposits Other accrued liabilities Total current liabilities 1.2 142 0.1 1.7 4.7 33.2 52.2 682 353.7 927.5 52.0 66.8 675 355.4 9276 25.7 429 26.1 47.4 1,702.4 1,647.3 693 Long-term debt and intersement long-term diebt Deferred income tax liabilities Retiree health care benefits Pension liabilities Operating lease liabilities Other long-term liabilities Total liabilities 41.4 31 1713 33.6 122.1 14.5 1014 1.288.4 106.6 1.27.7 3.0 152 1,763.5 15.4 1,710.1 3:40.5 3295 Total shareholders' equity attributable to Noncontrolling interests Total cquity Total liabilities and equity 3,409.1 21.7 3.430.8 4,719.2 3,098 19.8 3,118.6 4.397.3 340.5 2.104.0 329.5 2,039.6 5 5 Calculate all accounts as a percentage of total assets for the Balance Sheet and as a percentage of Revenue for the Income Statement Performational te fratins listed) for the company for year 2019 Liquidity: Current Ratio=CA/CL Quick Ratio = ICA - Inventorylic Cash Ratio.Cash/a NWC to Total Assets=NWC/TA Interval Measure+CA/ werage daily operating costs Leverage: Total Debt Ratio = TA-TE)/TA Debaulty TDATE Equity Multiplier = TA/TE=1.DE Long-term debt ratio LTD/LTDTE) Coverage Ratios Times interest Earned EBIT/interest Cash Coverage = {+ Depreciation/interest Receivable Ration: Receivables Turnover Sales / Accounts Receivable Dayx Sales in Recevables = 365 Receivables Turnover Asset Turnover Total Asset Turnover Sales / Total Assets it is not unusual for TAT