The company maintains a disciplined capital structure, evidenced by a stable $3.0 billion equity base and a conservative debt-to-equity ratio of 0.13 as of 2026Q1.
| Total Current Assets | 867.5M | 1.18B | 1.12B | 1.11B | 1.35B | 1.25B | 1.22B | 1.41B | 1.32B | 1.09B | 923.65M | 913M | 828.33M |
| Cash & Short-Term Investments | 265.1M | 243.3M | 165.5M | 159.6M | 431.6M | 294.1M | 442.6M | 599.9M | 430M | 280.1M | 183.28M | 210.99M | 197.62M |
| Cash Only | 227.8M | 201.5M | 117.6M | 102.4M | 385.7M | 244.8M | 395.5M | 551.6M | 378.7M | 238.5M | 130.79M | 160.68M | 149.88M |
| Short-Term Investments | 37.3M | 41.8M | 47.9M | 57.2M | 45.9M | 49.3M | 47.1M | 48.3M | 51.3M | 41.6M | 52.49M | 50.32M | 47.74M |
| Accounts Receivable | 639.7M | 751.4M | 707.5M | 730.9M | 781.9M | 849.8M | 656M | 633.8M | 754M | 655.2M | 544.2M | 590.11M | 545.47M |
| Days Sales Outstanding | 46.83 | 48.33 | 48.81 | 48.51 | 43.21 | 55.3 | 52.59 | 48.73 | 55.3 | 54.56 | 49.1 | 54.4 | 50.52 |
| Inventory | 0 | 99.8M | 89.8M | 117.9M | 53M | 27.4M | 44.9M | 71.9M | 60.8M | 83.1M | 74.13M | 68.47M | 44.94M |
| Days Inventory Outstanding | 4.2 | 6.78 | 6.76 | 8.71 | 3.4 | 2.06 | 4.02 | 6.23 | 5.1 | 7.76 | 7.59 | 7.17 | 4.63 |
| Other Current Assets | -37.3M | 86.7M | 76.9M | 102.5M | -5.7M | 2.1M | -700K | 100.1M | 79.5M | 0 | 41.87M | 0 | 0 |
| Total Non-Current Assets | 2.7B | 3.73B | 3.82B | 3.45B | 2.97B | 2.69B | 2.3B | 2.3B | 2.3B | 2.24B | 2.13B | 1.71B | 1.49B |
| Property, Plant & Equipment | 2.7B | 2.81B | 2.95B | 2.58B | 2.28B | 2.05B | 1.83B | 1.93B | 1.92B | 1.86B | 1.76B | 1.5B | 1.28B |
| Fixed Asset Turnover | 2.03x | 2.02x | 1.79x | 2.13x | 2.90x | 2.73x | 2.49x | 2.46x | 2.59x | 2.36x | 2.30x | 2.63x | 3.09x |
| Goodwill | 337.4M | 337.4M | 377.9M | 331.7M | 228.2M | 240.5M | 128.1M | 127.5M | 162.2M | 164.8M | 164.03M | 26.71M | 33.72M |
| Intangible Assets | 0 | 144.5M | 127.4M | 139.4M | 91.8M | 93.9M | 204.2M | 0 | 82.6M | 74.7M | 76.78M | 71.93M | 92.75M |
| Long-Term Investments | 425.1M | 136M | 124.4M | 0 | 163.1M | 160.1M | 0 | 112.9M | -450.6M | -386.6M | 132.12M | 0 | 0 |
| Other Non-Current Assets | -337.4M | 231.1M | 240.3M | 393.5M | -333.4M | -307.7M | -319.1M | 86.9M | 133.2M | 138.9M | 132.12M | 106.34M | 89.21M |
| Total Assets | 4.92B | 4.91B | 4.93B | 4.56B | 4.32B | 3.94B | 3.52B | 3.71B | 3.62B | 3.33B | 3.05B | 2.62B | 2.32B |
| Asset Turnover | 1.15x | 1.16x | 1.07x | 1.21x | 1.53x | 1.42x | 1.29x | 1.28x | 1.37x | 1.32x | 1.32x | 1.51x | 1.70x |
| Asset Growth % | 16.27% | -0.44% | 8.26% | 5.53% | 9.67% | 11.98% | -5.18% | 2.31% | 8.83% | 9.03% | 16.5% | 13% | - |
| Total Current Liabilities | 681.8M | 555.8M | 704.5M | 606.2M | 636.9M | 690.2M | 534.6M | 465.2M | 522.6M | 462M | 677.27M | 406.11M | 354.31M |
| Accounts Payable | 271.9M | 208.6M | 253.1M | 241.3M | 276.7M | 331.7M | 245.7M | 207.7M | 226M | 230.4M | 227.3M | 203.32M | 167.72M |
| Days Payables Outstanding | 20.36 | 14.17 | 19.05 | 17.83 | 17.77 | 24.98 | 22.02 | 17.98 | 18.95 | 21.52 | 23.28 | 21.29 | 17.27 |
| Short-Term Debt | 10.7M | 42.3M | 102.2M | 104.5M | 73.3M | 61.4M | 40.4M | 82.2M | 51.7M | 19.1M | 258.66M | 5.97M | 3.52M |
| Deferred Revenue (Current) | 100K | 0 | 0 | 0 | 2.6M | 3.2M | 700K | 0 | 163.7M | 142.9M | -258.66M | -5.97M | -3.52M |
| Other Current Liabilities | 399.2M | 226.9M | 222.9M | 104.5M | 186.5M | 189.4M | 137.1M | 111.5M | 150.1M | 126.7M | 109.51M | 0 | 0 |
| Current Ratio | 1.27x | 2.13x | 1.58x | 1.83x | 2.12x | 1.81x | 2.28x | 3.02x | 2.53x | 2.37x | 1.36x | 2.25x | 2.34x |
| Quick Ratio | 1.27x | 1.95x | 1.46x | 1.64x | 2.04x | 1.77x | 2.20x | 2.87x | 2.42x | 2.19x | 1.25x | 2.08x | 2.21x |
| Cash Conversion Cycle | 30.66 | 40.94 | 36.52 | 39.4 | 28.85 | 32.39 | 34.59 | 36.97 | 41.44 | 40.79 | 33.41 | 40.28 | 37.88 |
| Total Non-Current Liabilities | 1.22B | 1.32B | 1.24B | 994.2M | 844.1M | 823.3M | 926.1M | 1.01B | 969.6M | 978.3M | 1.19B | 1.16B | 1.03B |
| Long-Term Debt | 388.1M | 452M | 416.2M | 197.6M | 141.8M | 205M | 264.8M | 304.6M | 359.6M | 420.6M | 439.63M | 528.64M | 492.29M |
| Capital Lease Obligations | 72M | 66.1M | 56.7M | 0 | 0 | 3.9M | 1.6M | 57.1M | 200K | 6.9M | -111.54M | 10.97M | 16.93M |
| Deferred Tax Liabilities | 2.41B | 669.4M | 0 | 595.7M | 538.2M | 451M | 450.4M | 501.4M | 450.6M | 386.6M | 538.62M | 464.31M | 377.6M |
| Other Non-Current Liabilities | 238.6M | 134.7M | 769.4M | 200.9M | 164.1M | 163.4M | 209.3M | 143.5M | 609.8M | 164.2M | 101.13M | 42.82M | 33.66M |
| Total Liabilities | 1.9B | 1.88B | 1.95B | 1.6B | 1.48B | 1.51B | 1.46B | 1.47B | 1.49B | 1.44B | 1.87B | 1.57B | 1.39B |
| Total Debt | 398.8M | 560.4M | 610.8M | 302.1M | 215.1M | 270.3M | 306.8M | 443.9M | 411.3M | 439.7M | 698.28M | 545.57M | 512.74M |
| Net Debt | 171M | 358.9M | 493.2M | 199.7M | -170.6M | 25.5M | -88.7M | -107.7M | 32.6M | 201.2M | 567.5M | 384.9M | 362.86M |
| Debt / Equity | 0.13x | 0.19x | 0.20x | 0.10x | 0.08x | 0.11x | 0.15x | 0.20x | 0.19x | 0.23x | 0.59x | 0.52x | 0.55x |
| Debt / EBITDA | 0.66x | 0.91x | 1.06x | 0.44x | 0.23x | 0.33x | 0.53x | 0.89x | 0.62x | 0.79x | 1.25x | 1.10x | 1.09x |
| Net Debt / EBITDA | 0.28x | 0.58x | 0.85x | 0.29x | -0.18x | 0.03x | -0.15x | -0.22x | 0.05x | 0.36x | 1.02x | 0.78x | 0.77x |
| Interest Coverage | 3.92x | 5.08x | 10.17x | 22.56x | 63.92x | 44.36x | 21.80x | 12.93x | 30.54x | 16.25x | 13.41x | 13.76x | 20.40x |
| Total Equity | 3.02B | 3.02B | 2.99B | 2.96B | 2.84B | 2.42B | 2.06B | 2.24B | 2.13B | 1.89B | 1.19B | 1.06B | 934.68M |
| Equity Growth % | 6.23% | 1.27% | 1.02% | 4.22% | 17.06% | 17.92% | -8.09% | 4.88% | 12.81% | 59.32% | 12.4% | 12.93% | - |
| Book Value per Share | 17.17 | 17.20 | 16.96 | 16.59 | 15.87 | 13.61 | 11.57 | 12.61 | 12.03 | 11.03 | 6.84 | 6.08 | 5.39 |
| Total Shareholders' Equity | 3.02B | 3.02B | 2.99B | 2.96B | 2.84B | 2.42B | 2.06B | 2.24B | 2.13B | 1.89B | 1.19B | 1.06B | 934.68M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.54B | 1.53B | 1.06B | 945.56M | 826.9M |
| Retained Earnings | 1.52B | 1.52B | 1.48B | 1.43B | 1.26B | 857.8M | 502.5M | 693.6M | 589.3M | 355.6M | 125.17M | 109.55M | 106.97M |
| Treasury Stock | 0 | -111M | -96.4M | -66.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.1M | -1.9M | -3.8M | -3.4M | -5M | 0 | 800K | 100K | -1M | -1.27B | 883K | 412K | 810K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent freight market overcapacity
As reported in financial statements, Schneider National has maintained a remarkably stable equity base of approximately $3.0 billion over the last ten quarters, suggesting that despite cyclical freight market pressures, the company has successfully avoided significant balance sheet erosion or the need for dilutive equity financing.
The consistency in total equity despite fluctuating asset levels indicates a disciplined approach to capital preservation. Investors should monitor whether this stability persists if the current operating margin compression continues to weigh on retained earnings.
Based on reported figures, Schneider National maintains a highly conservative capital structure with a debt-to-equity ratio of 0.13 as of 2026Q1, which is significantly lower than industry peers like Knight-Swift and reflects a strategic preference for balance sheet liquidity over aggressive debt-funded expansion.
This low leverage profile provides a meaningful buffer against the cyclicality inherent in the trucking industry, potentially allowing the company to navigate prolonged downturns without refinancing risk. The modest debt load appears to be a deliberate choice to maintain operational agility during periods of freight rate volatility.
According to recent SEC filings, Schneider's net property, plant, and equipment remains the dominant component of its $4.9 billion asset base, underscoring the company's commitment to an asset-heavy model that prioritizes control over its proprietary chassis and tractor fleet to ensure service reliability.
The concentration of capital in PPE suggests that the company's competitive advantage is tied to physical network density rather than intangible assets. While this provides a structural moat, it also necessitates ongoing capital expenditure to maintain fleet efficiency, which may limit free cash flow during cyclical troughs.
As indicated by the data, Schneider's current ratio has fluctuated between 1.25 and 2.13 over the past two years, demonstrating that the company maintains a sufficient liquidity cushion to meet short-term obligations even during periods of heightened capital intensity and variable cash flow generation.
The variability in the current ratio appears linked to the timing of debt repayments and capital investments rather than structural liquidity issues. This liquidity profile suggests the company is well-positioned to manage its working capital needs without relying on external credit facilities.
Quick answers to the most common questions about buying SNDR stock.
As of 2025, Schneider National, Inc. (SNDR) had total assets of $4.91B including $1.18B in current assets.
Schneider National, Inc. (SNDR) carries total debt of $560.4M, offset by $243.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Schneider National, Inc. (SNDR) has total shareholders' equity (book value) of $3.02B ($17.20 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Schneider National, Inc. (SNDR) reported a current ratio of 2.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.