Schneider National Inc (SNDR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	717,600	1,087,800	1,050,400	1,071,100	1,110,900	1,147,000	1,296,900	1,366,300	1,350,300	1,408,300	1,452,500	1,397,300	1,248,500	1,455,300	1,398,300	1,335,100	1,220,700	1,583,000	1,518,200	1,459,300
Total current liabilities	US$ in thousands	673,900	657,200	659,300	743,700	606,200	610,600	594,100	666,500	636,900	734,200	726,100	725,900	690,200	716,000	719,500	667,100	534,600	516,600	482,200	474,600
Current ratio		1.06	1.66	1.59	1.44	1.83	1.88	2.18	2.05	2.12	1.92	2.00	1.92	1.81	2.03	1.94	2.00	2.28	3.06	3.15	3.07

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $717,600K ÷ $673,900K
= 1.06

The current ratio of Schneider National Inc has displayed fluctuations over the past few years. Starting from March 31, 2020, the current ratio stood at a healthy 3.07, indicating a strong ability to meet its short-term obligations with its current assets. The ratio further improved to 3.15 by June 30, 2020, strengthening the company's liquidity position.

However, there was a noticeable decline in the current ratio by the end of the year, reaching 2.28 on December 31, 2020. This could suggest a potential dip in liquidity or an increase in short-term debts relative to current assets. The downward trend continued in the following quarters, with a notable decrease to 1.44 by March 31, 2024.

Though there were instances of recovery in the current ratio, such as reaching 2.18 on June 30, 2023, and 2.12 on December 31, 2022, the overall trend shows a decreasing pattern. This could indicate a potential strain on the company's ability to meet its short-term obligations with its current assets in a sustainable manner.

It is essential for Schneider National Inc to closely monitor and manage its current ratio to ensure it maintains a healthy liquidity position and can efficiently cover its short-term liabilities as they come due.