Schneider National Inc (SNDR)

Quick 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
Cash	US$ in thousands	103,200	67,300	102,400	58,500	249,200	389,800	385,700	349,700	331,000	272,600	244,800	504,200	490,500	472,200	395,500	768,500	713,800	600,600	551,600	437,100
Short-term investments	US$ in thousands	54,000	56,900	57,200	56,400	54,800	53,300	45,900	44,600	46,400	48,500	49,300	45,700	49,100	49,400	47,100	45,600	46,800	49,200	48,300	47,400
Receivables	US$ in thousands	591,200	621,400	637,600	684,900	659,500	612,500	665,000	761,000	813,300	813,600	741,300	673,700	627,900	583,600	558,500	510,800	466,500	502,600	494,700	659,000
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
Quick ratio		1.14	1.00	1.32	1.31	1.62	1.58	1.72	1.57	1.64	1.56	1.50	1.71	1.62	1.66	1.87	2.56	2.54	2.43	2.35	1.64

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($103,200K + $54,000K + $591,200K) ÷ $659,300K
= 1.14

The quick ratio of Schneider National Inc has been relatively stable over the past few quarters, indicating a consistent ability to meet its short-term obligations using its most liquid assets. The ratio has ranged from 1.00 to 2.56, with an average around 1.60, which suggests a healthy liquidity position.

The quick ratio peaked at 2.56 in September 2020, indicating that Schneider National Inc had more than enough liquid assets to cover its current liabilities at that point. However, the quick ratio dipped in the following quarters but remained above 1.00, demonstrating continued liquidity strength.

Overall, the consistent quick ratios above 1.00 signify Schneider National Inc's ability to pay off its short-term obligations without relying heavily on inventory, which is a positive indicator of financial health and efficient working capital management.