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.