Schneider National Inc (SNDR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 190,000 | — | — | — | 135,000 | — | — | — | — | — | — | — | — | — | — | — | 304,600 | 304,600 |
| Total assets | US$ in thousands | 4,547,900 | 4,578,800 | 4,557,200 | 4,580,300 | 4,453,200 | 4,470,700 | 4,318,200 | 4,305,900 | 4,222,100 | 4,086,600 | 3,937,300 | 3,870,100 | 3,767,800 | 3,613,300 | 3,516,200 | 3,853,600 | 3,777,700 | 3,714,900 | 3,660,100 | 3,831,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,547,900K
= 0.00
The debt-to-assets ratio of Schneider National Inc has shown fluctuations over the past few quarters. In the latest available data, as of June 30, 2024, the company reported a debt-to-assets ratio of 0.00, indicating that there was no debt recorded on the balance sheet relative to total assets. This may suggest a conservative financial structure with a low reliance on debt financing.
Looking at historical trends, the company has maintained a consistently low debt-to-assets ratio in most periods, with occasional small increases such as in December 2023 and December 2022 when the ratio reached 0.04 and 0.03, respectively. However, these levels remained relatively modest, indicating prudent debt management practices.
The company appears to prioritize financial stability and managing its leverage effectively, as evidenced by the overall low debt-to-assets ratio across the periods analyzed. This conservative approach could provide Schneider National Inc with greater financial flexibility, lower interest burdens, and potentially reduce financial risks associated with high debt levels. Further monitoring of the debt-to-assets ratio in future periods would be beneficial to assess any changes in the company's capital structure and debt management strategies.
Peer comparison
Jun 30, 2024