Schneider National Inc (SNDR)
Debt-to-equity 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-equity 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 | 0.14 | 0.14 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,951,600K
= 0.00
The debt-to-equity ratio of Schneider National Inc has shown variability over the past few quarters. For the most recent quarter ending June 30, 2024, the company reported a debt-to-equity ratio of 0.00, indicating that there was no debt on the company's balance sheet relative to its equity during that period.
Looking back at the trend, the ratio was also at 0.00 in the previous quarter, March 31, 2024, and had a minimal value of 0.06 in December 31, 2023. This suggests that the company's reliance on debt financing decreased significantly in the recent quarters.
Comparing these figures to historical data, the debt-to-equity ratio for Schneider National Inc had remained relatively low, with occasional spikes, such as in December 31, 2019, and September 30, 2019, where the ratio reached 0.14.
Overall, the trend indicates that Schneider National Inc has been managing its debt levels prudently, with the recent quarters showing a lower reliance on debt financing when compared to some previous periods. This may imply a stronger financial position and potentially lower financial risk for the company. It is important to continue monitoring future ratios to assess the company's capital structure and financial health accurately.
Peer comparison
Jun 30, 2024