Schneider National Inc (SNDR)
Interest coverage
Dec 31, 2024 | Sep 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 168,800 | 154,500 | 161,000 | 215,300 | 320,300 | 431,400 | 551,800 | 621,000 | 613,600 | 653,100 | 633,600 | 604,600 | 554,500 | 477,200 | 390,400 | 310,600 | 296,500 | 271,200 | 238,200 | 223,500 |
Interest expense (ttm) | US$ in thousands | 16,600 | 16,000 | 15,700 | 13,800 | 14,200 | 12,600 | 11,400 | 11,200 | 9,600 | 9,900 | 11,100 | 11,900 | 12,500 | 12,800 | 12,900 | 13,200 | 13,600 | 14,000 | 14,400 | 16,500 |
Interest coverage | 10.17 | 9.66 | 10.25 | 15.60 | 22.56 | 34.24 | 48.40 | 55.45 | 63.92 | 65.97 | 57.08 | 50.81 | 44.36 | 37.28 | 30.26 | 23.53 | 21.80 | 19.37 | 16.54 | 13.55 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $168,800K ÷ $16,600K
= 10.17
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
For Schneider National Inc, the interest coverage has shown a consistent upward trend from March 31, 2020, to June 30, 2022, steadily increasing from 13.55 to 57.08. This indicates an improving ability to cover interest payments with operating income during this period.
However, from September 30, 2022, to December 31, 2024, the interest coverage ratio fluctuated, with a peak of 65.97 on September 30, 2022, followed by a gradual decrease to 10.17 on December 31, 2024. This trend suggests a potential decrease in the company's ability to cover interest expenses with operating income during this later period.
Overall, Schneider National Inc's interest coverage ratio has demonstrated both strength and variability in its ability to meet interest obligations over the analyzed period. It is essential for investors and analysts to monitor this ratio closely to assess the company's financial health and evaluate its ability to manage debt effectively.
Peer comparison
Dec 31, 2024