Schneider National Inc (SNDR)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.65 | 1.54 | 1.52 | 1.62 | 1.71 |
Schneider National Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity over the period from December 31, 2020, to December 31, 2024.
The Debt-to-assets ratio, which measures the proportion of the company's assets financed by debt, remained at 0.00 throughout the period, indicating that Schneider National Inc relies very little on debt to fund its assets.
Similarly, the Debt-to-capital ratio, which signifies the percentage of the company's capital that is funded through debt, also stayed at 0.00 across the years, indicating a low dependency on debt for capital structure.
The Debt-to-equity ratio, which compares the company's total debt to its shareholder equity, remained consistently at 0.00, indicating the absence of debt in the company's capital structure.
The Financial leverage ratio, which shows the extent of a company's financing through debt, decreased from 1.71 in 2020 to 1.65 in 2024. Although the ratio increased slightly in 2023, the overall trend suggests a reasonable level of financial leverage.
Overall, based on these solvency ratios, Schneider National Inc appears to have a solid financial position with minimal reliance on debt financing, reflecting a well-managed and stable capital structure.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 10.17 | 22.56 | 63.92 | 44.36 | 21.80 |
Interest coverage is a measure of a company's ability to meet its interest payment obligations with its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates a company is more capable of servicing its debt.
Analyzing the interest coverage ratios for Schneider National Inc over the past five years reveals a positive trend. In December 2020, the interest coverage ratio was 21.80, indicating that the company was earning 21.80 times the interest it owed on its debt. This ratio increased significantly to 44.36 by December 2021 and continued to rise to 63.92 by December 2022, demonstrating a strengthening ability to cover interest expenses.
However, there was a slight decrease in the interest coverage ratio to 22.56 by December 2023, suggesting a potential decrease in earnings relative to interest expenses. This trend continued as the ratio further decreased to 10.17 by December 2024, indicating a significant decline in the company's ability to cover interest payments with its earnings.
Overall, the fluctuation in Schneider National Inc's interest coverage ratio over the five-year period highlights the importance of monitoring the company's ability to generate sufficient earnings to meet its interest obligations. It is essential for investors and stakeholders to closely monitor these ratios to assess the company's financial health and debt repayment capacity.