Schneider National Inc (SNDR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.00 | 1.54 | 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 |
Schneider National Inc has consistently shown a very strong solvency position based on its solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00, indicating that the company has been effectively financing its operations using equity rather than debt.
The Financial leverage ratio, which measures the proportion of a company's debt to its equity, has shown a declining trend from 1.64 in March 2020 to 1.00 in December 2024. This decrease indicates that Schneider National has been reducing its reliance on debt financing over the years, resulting in a stronger financial structure and reduced financial risk.
Overall, the solvency ratios suggest that Schneider National Inc has a solid financial foundation and is well-positioned to meet its financial obligations in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Schneider National Inc's interest coverage ratio has shown a general positive trend over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to pay its interest expenses on outstanding debt from its operating income.
The interest coverage ratio for Schneider National Inc has increased steadily from 13.55 on March 31, 2020, to a peak of 65.97 on September 30, 2022. This indicates the company's improving ability to cover its interest expenses with its operating income during this period.
However, from December 31, 2022, onwards, the interest coverage ratio started to decline. It decreased to 22.56 by December 31, 2023, and further dropped to 10.17 by December 31, 2024. This downward trend in the interest coverage ratio suggests that Schneider National Inc may be experiencing challenges in covering its interest expenses with its operating income in the latter part of the period under review.
Overall, while Schneider National Inc's interest coverage ratio exhibited significant improvement in the early part of the period, the declining trend towards the end indicates a potential strain on the company's ability to cover its interest obligations with its operating income. Further observation and analysis may be required to understand the drivers behind this trend and assess the company's financial health.