Schneider National Inc (SNDR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,115,300 | 1,110,900 | 1,350,300 | 1,248,500 | 1,220,700 |
| Total current liabilities | US$ in thousands | 704,500 | 606,200 | 636,900 | 690,200 | 534,600 |
| Current ratio | 1.58 | 1.83 | 2.12 | 1.81 | 2.28 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,115,300K ÷ $704,500K
= 1.58
The current ratio of Schneider National Inc has shown fluctuations over the past five years. The ratio was 2.28 as of December 31, 2020, indicating the company had $2.28 in current assets for every $1 in current liabilities.
However, the ratio decreased to 1.81 by December 31, 2021, suggesting a possible liquidity strain. There was a slight improvement to 2.12 by December 31, 2022, indicating better short-term liquidity position.
Subsequently, the current ratio dropped to 1.83 by December 31, 2023, and further declined to 1.58 by December 31, 2024. These reductions may signal potential challenges in meeting short-term obligations with current assets.
Overall, the current ratio trend indicates some variability in Schneider National Inc's liquidity position, with potential implications for its ability to cover short-term liabilities effectively. It is important to closely monitor this ratio to assess the company's liquidity risk and operational efficiency.
Peer comparison
Dec 31, 2024