Schneider National Inc (SNDR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 117,600 | 179,000 | 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 |
| Short-term investments | US$ in thousands | 47,900 | 52,600 | 54,000 | 56,900 | 57,200 | 56,400 | 54,800 | 45,900 | 45,900 | 44,600 | 46,400 | 48,500 | 49,300 | 45,700 | 49,100 | 49,400 | 47,100 | 45,600 | 46,800 | 49,200 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.25 | 0.35 | 0.24 | 0.17 | 0.26 | 0.19 | 0.51 | 0.65 | 0.68 | 0.54 | 0.52 | 0.44 | 0.43 | 0.77 | 0.75 | 0.78 | 0.83 | 1.58 | 1.58 | 1.37 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($117,600K
+ $47,900K
+ $—K)
÷ $673,900K
= 0.25
The quick ratio of Schneider National Inc has fluctuated over the given period, reflecting the company's ability to meet its short-term obligations with its most liquid assets. The ratio started at a healthy level of 1.37 as of March 31, 2020, indicating a strong ability to cover immediate liabilities. However, the ratio increased to 1.58 by June 30, 2020, showing an even better liquidity position.
Subsequently, there was a significant decrease in the quick ratio to 0.83 as of December 31, 2020, which may have raised concerns about the company's short-term liquidity. The ratio continued to decline to 0.51 by June 30, 2023, reaching its lowest point during the period. This downward trend suggests potential challenges in meeting immediate financial obligations.
However, there was a slight improvement in the quick ratio to 0.35 by September 30, 2024, indicating a partial recovery in the company's liquidity position. Overall, Schneider National Inc's quick ratio performance has shown fluctuations, highlighting the importance of monitoring liquidity levels to ensure the company can meet its short-term commitments.
Peer comparison
Dec 31, 2024