Heartland Express Inc (HTLD)

Current 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
Total current assets US$ in thousands 129,448 157,128 164,118 160,142 169,272 182,067 198,765 212,312 229,782 266,156 296,116 268,487 233,223 258,574 247,511 226,667 193,012 173,597 169,645 149,260
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
Current ratio 1.08 1.17 1.23 1.26 1.37 1.28 1.34 1.45 1.47 1.67 2.34 3.46 3.26 2.21 3.21 2.70 2.72 2.06 2.37 2.08

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $129,448K ÷ $119,559K
= 1.08

The current ratio of Heartland Express Inc has shown fluctuating trends over the past few years. From a high of 3.46 in March 2022 and 3.26 in December 2021, the ratio declined to 1.08 by December 2024.

The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable. However, a decreasing trend in the current ratio may signify potential liquidity challenges or an inefficient management of current assets.

The decreasing current ratio of Heartland Express Inc from 3.46 in March 2022 to 1.08 in December 2024 warrants further investigation into the company's liquidity management practices and its ability to meet short-term obligations. Investors and stakeholders may need to closely monitor this trend to assess the potential implications on the company's financial health and sustainability.