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Schneider National (Schneider National) Effective Interest Rate on Debt % : 5.55% (As of Dec. 2023)


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What is Schneider National Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Schneider National's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $16 Mil. Schneider National's average total debt for the quarter that ended in Dec. 2023 was $296 Mil. Therefore, Schneider National's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.55%.


Schneider National Effective Interest Rate on Debt % Historical Data

The historical data trend for Schneider National's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schneider National Effective Interest Rate on Debt % Chart

Schneider National Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.30 4.07 4.33 3.96 5.49

Schneider National Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.68 8.19 4.46 5.23 5.55

Competitive Comparison of Schneider National's Effective Interest Rate on Debt %

For the Trucking subindustry, Schneider National's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Schneider National's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Schneider National's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Schneider National's Effective Interest Rate on Debt % falls into.



Schneider National Effective Interest Rate on Debt % Calculation

Schneider National's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -14.2/( (215.1+302.1)/ 2 )
=-1  *  -14.2/258.6
=5.49 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=141.8 + 73.3
=215.1

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.6 + 104.5
=302.1

Schneider National's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -16.4/( (289+302.1)/ 2 )
=-1  *  -16.4/295.55
=5.55 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.6 + 104.5
=302.1

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Schneider National  (NYSE:SNDR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Schneider National Effective Interest Rate on Debt % Related Terms

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Schneider National (Schneider National) Business Description

Traded in Other Exchanges
N/A
Address
3101 South Packerland Drive, Green Bay, WI, USA, 54313
Schneider National Inc ranks among the largest providers of surface transportation and logistics solutions in North America. The company's segments include Truckload; Intermodal; Logistics and other. It generates maximum revenue from the Truckload segment.
Executives
Darrell George Campbell officer: EVP & Chief Financial Officer C/O SCHNEIDER NATIONAL, INC., 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Julie K Streich director 123 MAIN STREET, BRISTOL CT 06010
Reich Robert M Jr officer: Chief Admin Officer 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Shaleen Devgun officer: Chief Information Officer 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James Scott Filter officer: EVP, Pres. Transp. and Log. 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
David L Geyer officer: EVP, Pres. Transp. & Log. 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Jyoti Chopra director 3101 S. PACKERLAND DRIVE, GREEN BAY WI 54306-2545
Knight Robert M Jr director UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
Dumas Magnin Shelly A officer: Vice President and Controller 3101 S. PACKERLAND DRIVE, GREEN BAY WI 54306-2545
Stephen L Bruffett officer: EVP and CFO 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Amy G Schilling officer: Vice President and Controller 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Thomas G Jackson officer: EVP & General Counsel KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
John A Swainson director C/O VISA INC., 900 METRO CENTER BLVD., FOSTER CITY CA 94404
Christopher B Lofgren director, officer: CEO & President 520 MADISON AVENUE, NEW YORK NY 10022
James R Giertz director