Schneider National Inc (SNDR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,933,700 | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,933,700K
= 0.00
The debt-to-assets ratio for Schneider National Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations and investments, resulting in a debt-free capital structure. A debt-to-assets ratio of zero signifies that the company's total assets are fully financed by equity, which may suggest a lower financial risk and greater financial stability. However, it's important to note that while having no debt can be advantageous in terms of avoiding interest expenses and financial leverage risks, it may also limit the company's ability to take advantage of potential tax benefits associated with debt financing.
Peer comparison
Dec 31, 2024