Heartland Express Inc (HTLD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 129,448 | 169,272 | 229,782 | 233,223 | 193,012 |
| Total current liabilities | US$ in thousands | 119,559 | 123,476 | 156,757 | 71,594 | 71,042 |
| Current ratio | 1.08 | 1.37 | 1.47 | 3.26 | 2.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $129,448K ÷ $119,559K
= 1.08
Heartland Express Inc's current ratio has displayed fluctuations over the years, starting at 2.72 in December 31, 2020 and reaching its peak at 3.26 on December 31, 2021. However, the ratio dipped significantly to 1.47 in December 31, 2022, and continued to decline further to 1.37 by December 31, 2023. The most recent data as of December 31, 2024, shows a current ratio of 1.08.
The downward trend in the current ratio indicates potential liquidity challenges for the company in the short term, as it may struggle to meet its current obligations using its current assets alone. It is crucial for Heartland Express Inc to closely monitor its liquidity position and take necessary steps to improve its current ratio in order to ensure financial stability and meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024