Schneider National Inc (SNDR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.12 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.14 |
| 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 |
The solvency ratios of Schneider National Inc indicate that the company has maintained a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The debt-to-assets ratio has been consistently at low levels, hovering around 0.00, implying that the company primarily finances its assets through equity rather than debt.
Similarly, both the debt-to-capital and debt-to-equity ratios have been minimal, suggesting that Schneider National Inc has a conservative capital structure with limited reliance on debt funding. The ratios have stayed close to 0.00 across the periods analyzed, indicating a healthy balance between debt and equity in the company's capital structure.
Furthermore, the financial leverage ratio has remained relatively stable, fluctuating around 1.60 over the periods examined. This suggests that Schneider National Inc has maintained a moderate level of financial leverage, reflecting a prudent approach to managing its capital structure and financial risks.
Overall, the solvency ratios of Schneider National Inc demonstrate a sound financial position characterized by low debt levels and a balanced mix of debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 12.93 | 14.87 |
The interest coverage ratio for Schneider National Inc has shown a generally positive trend over the past several quarters. The ratio has improved steadily from 14.87 in September 2019 to 65.97 in September 2022, indicating the company's ability to comfortably meet its interest obligations with its operating income.
The interest coverage ratio remained strong and consistently above 20 between December 2020 and September 2022, reaching its peak at 65.97 in September 2022. This suggests that Schneider National Inc has been generating significantly more operating income relative to its interest expenses during this period.
Although the ratio slightly dipped in the most recent quarter, from 22.56 in December 2023 to 15.60 in March 2024, it still reflects a healthy level of interest coverage. It is essential to monitor future trends to ascertain any underlying reasons for this decrease.
Overall, the company's interest coverage ratio demonstrates a strong financial position and prudent management of debt obligations, providing investors and stakeholders with confidence in Schneider National Inc's ability to meet its interest payments comfortably.