Schneider National Inc (SNDR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,951,600	2,942,000	2,956,800	2,957,100	2,948,400	2,918,800	2,837,200	2,737,900	2,623,800	2,504,900	2,423,800	2,299,100	2,198,400	2,099,900	2,055,500	2,342,500	2,305,800	2,268,500	2,236,400	2,192,200
Debt-to-capital ratio		0.00	0.00	0.06	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.12

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,951,600K)
= 0.00

The debt-to-capital ratio of Schneider National Inc has seen fluctuations over the quarters, as indicated in the provided data. In some quarters, such as December 2023 and December 2022, the ratio was at 0.06 and 0.05, respectively, suggesting a moderate level of debt relative to the company's capital structure. However, in most quarters, the ratio was either at 0.00 or very minimal, indicating a lower reliance on debt financing compared to equity.

It is important to note that a debt-to-capital ratio of 0.00 does not necessarily mean that the company has no debt, but rather that the level of debt is insignificant compared to the total capital employed. The relatively low and stable debt-to-capital ratios over the quarters reflect a conservative approach to leverage by Schneider National Inc, which may be viewed positively by investors and creditors in terms of financial risk management.