Schneider National Inc (SNDR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 117,600 | 102,400 | 385,700 | 244,800 | 395,500 |
| Short-term investments | US$ in thousands | 47,900 | 57,200 | 45,900 | 49,300 | 47,100 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 704,500 | 606,200 | 636,900 | 690,200 | 534,600 |
| Quick ratio | 0.23 | 0.26 | 0.68 | 0.43 | 0.83 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($117,600K
+ $47,900K
+ $—K)
÷ $704,500K
= 0.23
The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio of less than 1 indicates that a company may have difficulty meeting its short-term obligations.
Schneider National Inc's quick ratio has shown fluctuations over the years, starting at 0.83 in December 31, 2020, dropping to 0.43 in December 31, 2021, and then rising to 0.68 in December 31, 2022. However, the ratio decreased significantly to 0.26 in December 31, 2023, and further declined to 0.23 in December 31, 2024.
The decreasing trend in Schneider National Inc's quick ratio is a cause for concern as it indicates a potential liquidity crunch in meeting short-term obligations. It is important for the company to closely monitor and manage its liquidity position to ensure financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2024