Schneider National Inc (SNDR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 | 3,660,100 |
| Total stockholders’ equity | US$ in thousands | 2,956,800 | 2,837,200 | 2,423,800 | 2,055,500 | 2,236,400 |
| Financial leverage ratio | 1.54 | 1.52 | 1.62 | 1.71 | 1.64 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,557,200K ÷ $2,956,800K
= 1.54
The financial leverage ratio of Schneider National Inc has exhibited fluctuations over the past five years, ranging from 1.52 to 1.71. The ratio indicates the extent to which the company relies on debt financing as opposed to equity. A higher ratio suggests a higher level of debt financing, which can magnify returns during good times but also increase financial risk during downturns.
Schneider National Inc's financial leverage ratio increased from 1.52 in 2022 to 1.54 in 2023, signifying a slightly higher reliance on debt in the most recent year. However, it is noteworthy that the ratio had reached its peak at 1.71 in 2020 before decreasing to 1.62 in 2021. The decrease from 2020 to 2021 indicates a potential effort to reduce debt levels or increase equity financing.
Overall, the trend in Schneider National Inc's financial leverage ratio suggests that the company has experienced fluctuations in its capital structure over the years, potentially adjusting its debt and equity mix in response to changing market conditions or strategic considerations. Future monitoring of this ratio will be essential to assess the company's ongoing capital structure decisions and their impact on financial risk and stability.
Peer comparison
Dec 31, 2023