Schneider National Inc (SNDR)

Financial leverage 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
Total assets	US$ in thousands	4,547,900	4,578,800	4,557,200	4,580,300	4,453,200	4,470,700	4,318,200	4,305,900	4,222,100	4,086,600	3,937,300	3,870,100	3,767,800	3,613,300	3,516,200	3,853,600	3,777,700	3,714,900	3,660,100	3,831,000
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
Financial leverage ratio		1.54	1.56	1.54	1.55	1.51	1.53	1.52	1.57	1.61	1.63	1.62	1.68	1.71	1.72	1.71	1.65	1.64	1.64	1.64	1.75

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,547,900K ÷ $2,951,600K
= 1.54

Schneider National Inc's financial leverage ratio has fluctuated over the past several quarters, ranging from 1.51 to 1.75. The trend indicates an increasing leverage over time, with the ratio peaking at 1.75 in the most recent quarter. This suggests that the company is relying more on debt to finance its operations and investments.

A financial leverage ratio of above 1 indicates that the company has more debt than equity in its capital structure. A higher financial leverage ratio can amplify returns on equity when profitability is increasing, but it also increases the financial risk as higher debt levels lead to higher interest payments and potential financial distress if the company faces challenges in meeting its debt obligations.

It is important for Schneider National Inc to carefully manage its leverage levels to ensure it can comfortably service its debt and maintain financial stability. Monitoring changes in the financial leverage ratio can provide insights into the company's capital structure management and financial risk profile.