Snap Long Term Debt 2016-2024 | SNAP (2024)

FAQs

What is the long term debt of Snapchat? ›

Snap long term debt for the quarter ending June 30, 2024 was $3.603B, a 3.83% decline year-over-year. Snap long term debt for 2023 was $3.749B, a 0.18% increase from 2022. Snap long term debt for 2022 was $3.743B, a 66.11% increase from 2021. Snap long term debt for 2021 was $2.253B, a 34.5% increase from 2020.

Snap Debt to Equity Ratio: 1.761 for June 30, 2024.

Snap (SNAP) Effective Interest Rate on Debt % : 0.50% (As of Jun. 2024)

Snap cash on hand for the quarter ending March 31, 2024 was $2.911B, a 29.06% decline year-over-year. Snap cash on hand for 2023 was $3.544B, a 10.03% decline from 2022. Snap cash on hand for 2022 was $3.939B, a 6.67% increase from 2021. Snap cash on hand for 2021 was $3.693B, a 45.53% increase from 2020.

Snapchat offers unique opportunities for creators to monetize their content and build a sustainable income. The app provides various monetization options, including sponsored content, revenue share programs and “Gifts.” For many creators, this allows them to make enough money to sustain a full-time career.

Total debt on the balance sheet as of June 2024 : $1.25 B

According to Snap-on's latest financial reports the company's total debt is $1.25 B. A company's total debt is the sum of all current and non-current debts.

Most manufacturers use a snap ratio of about 40% to 60% when designing their silicone rubber keypad. This range allows for a noticeable level of tactile feedback without causing premature wear and tear. As the snap ratio rises above 60%, the silicone rubber keypad may suffer from a shorter lifespan.

The optimal D/E ratio varies by industry, but it should not be above a level of 2.0. A D/E ratio of 2 indicates the company derives two-thirds of its capital financing from debt and one-third from shareholder equity.

Generally, a good debt-to-equity ratio is anything lower than 1.0. A ratio of 2.0 or higher is usually considered risky. If a debt-to-equity ratio is negative, it means that the company has more liabilities than assets—this company would be considered extremely risky.

Snap (NYSE:SNAP) has priced its private offering of $650M aggregate principal amount of convertible senior notes due 2030. The notes will bear interest of 0.50% per year and mature on May 1, 2030, unless repurchased, redeemed, or converted in accordance with their terms prior to the maturity date.

Why did Snapchat lose so much money? ›

Key Background. Snap stock's misfortunes coincide with the company's inability to post a profit and decelerating user growth, a brutal combination familiar to many media stocks.

SNAP Stock Forecast FAQ

Snap has a consensus rating of Hold which is based on 8 buy ratings, 19 hold ratings and 2 sell ratings. The average price target for Snap is $15.59. This is based on 29 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Snap has been profitable on a quarterly basis just once.

Snap revenue for the quarter ending June 30, 2024 was $1.237B, a 15.84% increase year-over-year. Snap revenue for the twelve months ending June 30, 2024 was $4.981B, a 11.08% increase year-over-year. Snap annual revenue for 2023 was $4.606B, a 0.09% increase from 2022.

Snap doesn't have a believable path to profitability and continues to lose money. The continued net losses mute the impact of more users on the platform. For instance, Vine had over 200 million users at its peak before getting shut down due to a lack of profits.

Snap Inc. has a market cap or net worth of $15.35 billion as of August 22, 2024. Its market cap has decreased by -9.40% in one year.

Snapchat allows users to add strangers as their “friends,” which can be dangerous. People do not know who a person really is behind the pictures sent; they might not be who they say they are. Many relationships made over Snapchat only exist on the platform.

Snapchat's parent company has agreed to pay $15 million and take extensive measures to ensure fair employment practices as part of settlement to resolve claims of discrimination, harassment, and retaliation against women at the company. The deal between Snap Inc.

Easy Access to Predators

If privacy settings are not appropriately managed, strangers can view a user's snaps or even their location. This risk is heightened by the fact that Snapchat is most popular with younger generations, making it a potential target for those seeking to exploit these users.