Schneider National Inc (SNDR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,933,700 | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 |
| Total stockholders’ equity | US$ in thousands | 2,986,900 | 2,956,800 | 2,837,200 | 2,423,800 | 2,055,500 |
| Financial leverage ratio | 1.65 | 1.54 | 1.52 | 1.62 | 1.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,933,700K ÷ $2,986,900K
= 1.65
The financial leverage ratio of Schneider National Inc has been on a declining trend over the years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio decreased from 1.71 in December 31, 2020, to 1.62 in December 31, 2021, and further to 1.52 in December 31, 2022. Although there was a slight increase to 1.54 in December 31, 2023, before rising to 1.65 in December 31, 2024, the overall trend suggests a relatively lower level of debt compared to equity in the company's capital structure. A decreasing financial leverage ratio generally signifies improved financial stability and lower risk of insolvency for Schneider National Inc.
Peer comparison
Dec 31, 2024