Schneider National Inc (SNDR)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	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	1,405,700	1,527,600
Total current liabilities	US$ in thousands	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	465,200	698,400
Current ratio		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	3.02	2.19

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,050,400K ÷ $659,300K
= 1.59

Schneider National Inc's current ratio has fluctuated over the past few quarters, ranging from a low of 1.44 to a high of 3.15. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. An increasing current ratio generally indicates improved liquidity and financial health, as the company has more current assets to cover its current obligations.

Looking at the trend, Schneider National Inc's current ratio increased significantly in the first half of 2020, peaking at 3.15 in March 2020. This suggests the company had a strong ability to meet its short-term obligations during that period. However, the current ratio has since decreased, indicating a slight decline in liquidity and the company's ability to cover its short-term liabilities.

It's important to note that while a high current ratio may imply a strong liquidity position, excessively high ratios may indicate an inefficient use of assets. On the other hand, consistently low ratios could signal liquidity issues and difficulty meeting short-term obligations. Therefore, it is essential for Schneider National Inc to maintain a balance in its current ratio to ensure efficient operations and financial stability.