Schneider National Inc (SNDR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 190,000 | 135,000 | — | — | 304,600 |
| Total assets | US$ in thousands | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 | 3,660,100 |
| Debt-to-assets ratio | 0.04 | 0.03 | 0.00 | 0.00 | 0.08 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $190,000K ÷ $4,557,200K
= 0.04
The debt-to-assets ratio for Schneider National Inc has fluctuated over the past five years. In 2023 and 2022, the ratio stood at 0.04 and 0.03 respectively, indicating that the company had a relatively low level of debt in relation to its total assets. In 2021 and 2020, the ratio was at 0.00, suggesting the company had no debt relative to its assets in those years. However, in 2019, the ratio notably increased to 0.08, indicating a higher level of debt compared to assets.
Overall, the trend in the debt-to-assets ratio for Schneider National Inc shows a generally low debt burden in recent years, with 2021 and 2020 particularly standing out for having no debt recorded on the balance sheet. This could indicate a conservative financial strategy by the company, aiming to maintain a strong financial position with minimal debt obligations relative to its total assets.
Peer comparison
Dec 31, 2023