Schneider National Inc (SNDR)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	102,400	385,700	244,800	395,500	551,600
Short-term investments	US$ in thousands	57,200	45,900	49,300	47,100	48,300
Receivables	US$ in thousands	637,600	665,000	741,300	558,500	494,700
Total current liabilities	US$ in thousands	606,200	636,900	690,200	534,600	465,200
Quick ratio		1.32	1.72	1.50	1.87	2.35

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($102,400K + $57,200K + $637,600K) ÷ $606,200K
= 1.32

The quick ratio of Schneider National Inc has shown a decreasing trend over the past five years, declining from 2.35 in 2019 to 1.32 in 2023. This indicates a reduction in the company's ability to meet its short-term obligations with its most liquid assets.

A quick ratio above 1.0 is generally considered healthy as it suggests the company can cover its current liabilities with its quick assets. However, the gradual decline in Schneider National Inc's quick ratio may raise concerns about its liquidity management and ability to meet short-term financial obligations in the future.

It is important for stakeholders to monitor this trend closely and assess the company's strategies to maintain an appropriate level of liquidity to sustain its operations effectively. Further analysis of the company's current asset composition and management of working capital may provide more insights into the reasons behind the declining quick ratio.