Schneider National Inc (SNDR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,956,800 | 2,837,200 | 2,423,800 | 2,055,500 | 2,236,400 |
| Debt-to-equity ratio | 0.06 | 0.05 | 0.00 | 0.00 | 0.14 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $190,000K ÷ $2,956,800K
= 0.06
The debt-to-equity ratio of Schneider National Inc has shown a fluctuating trend over the past five years. In 2019, the ratio was highest at 0.14, indicating a significant level of debt relative to equity. Subsequently, there was a considerable reduction in the ratio in 2020 and 2021, with both years showing a ratio of 0.00, which suggests a period of minimal debt in relation to equity.
However, starting in 2022, there was a slight increase in the debt-to-equity ratio to 0.05, indicating a small proportion of debt compared to equity. This trend continued into 2023, with the ratio further rising to 0.06. While the ratio remains relatively low, the increasing trend in the past two years suggests that the company may be taking on more debt compared to equity, which could indicate a shift in its financial leverage strategy.
Peer comparison
Dec 31, 2023