Schneider National Inc (SNDR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 117,600 | 102,400 | 385,700 | 244,800 | 395,500 |
| Short-term investments | US$ in thousands | 47,900 | 57,200 | 45,900 | 49,300 | 47,100 |
| Total current liabilities | US$ in thousands | 704,500 | 606,200 | 636,900 | 690,200 | 534,600 |
| Cash ratio | 0.23 | 0.26 | 0.68 | 0.43 | 0.83 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($117,600K
+ $47,900K)
÷ $704,500K
= 0.23
The cash ratio of Schneider National Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio stood at 0.83, indicating that the company had $0.83 of cash and cash equivalents for every $1 of current liabilities. However, by December 31, 2021, the cash ratio decreased to 0.43, suggesting a potential liquidity challenge or a decrease in available cash compared to current liabilities.
Subsequently, by December 31, 2022, the cash ratio improved to 0.68, showing a better position in terms of liquidity compared to the previous year. However, there was a significant decline in the cash ratio to 0.26 by December 31, 2023, indicating a potential strain on the company's ability to meet short-term obligations using available cash resources.
As of December 31, 2024, the cash ratio further decreased to 0.23, highlighting a concerning trend regarding the company's liquidity position. Overall, the fluctuation in Schneider National Inc's cash ratio over the years indicates a need for careful monitoring of the company's cash management practices and potential strategies to improve liquidity in the future.
Peer comparison
Dec 31, 2024