Schneider National Inc (SNDR)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,110,900	1,350,300	1,248,500	1,220,700	1,405,700
Total current liabilities	US$ in thousands	606,200	636,900	690,200	534,600	465,200
Current ratio		1.83	2.12	1.81	2.28	3.02

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,110,900K ÷ $606,200K
= 1.83

The current ratio of Schneider National Inc has exhibited fluctuations over the past five years. As of December 31, 2023, the company's current ratio stands at 1.83, which indicates a decrease compared to the previous year. A current ratio below 2 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone.

In comparison to the ratios from 2021 to 2019, the current ratio has shown a downward trend over the last three years. The significant drop from 3.02 in 2019 to 1.83 in 2023 may raise concerns about Schneider National Inc's liquidity position and ability to cover its short-term liabilities.

It is important to further investigate the reasons behind the decreasing trend in the current ratio to assess the company's liquidity management and financial health accurately. Additionally, monitoring this ratio in conjunction with other liquidity and efficiency metrics can provide a more comprehensive understanding of Schneider National Inc's financial performance and risk levels.