Heartland Express Inc (HTLD)

Cash ratio

		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
Cash and cash equivalents	US$ in thousands	12,812	30,739	24,178	24,123	28,455	20,101	46,250	55,506	49,462	64,824	171,879	187,085	157,742	180,366	167,241	148,212	113,852	81,949	82,457	64,183
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	119,559	134,725	133,837	127,468	123,476	142,224	147,945	146,564	156,757	159,818	126,352	77,543	71,594	117,039	77,219	84,056	71,042	84,223	71,530	71,719
Cash ratio		0.11	0.23	0.18	0.19	0.23	0.14	0.31	0.38	0.32	0.41	1.36	2.41	2.20	1.54	2.17	1.76	1.60	0.97	1.15	0.89

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,812K + $—K) ÷ $119,559K
= 0.11

The cash ratio of Heartland Express Inc has shown fluctuations over the years, indicating changes in the company's ability to cover its short-term liabilities with cash and cash equivalents.

From March 31, 2020, to June 30, 2022, the cash ratio generally exhibited an increasing trend, starting at 0.89 and reaching a peak of 2.41. This upward trend suggests that the company was improving its liquidity position and had more cash on hand relative to its current liabilities during this period.

However, from September 30, 2022, to December 31, 2024, the cash ratio experienced a declining trend, dropping to as low as 0.11. This decline may indicate potential cash flow challenges or a decrease in the company's cash reserves relative to its short-term obligations.

Overall, the fluctuating cash ratio of Heartland Express Inc implies varying levels of liquidity and ability to meet immediate financial obligations over the analyzed period. It would be essential for stakeholders to monitor the company's cash position closely to ensure it can address its short-term financial commitments effectively.