Heartland Express Inc (HTLD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,812 | 28,123 | 49,462 | 157,742 | 113,852 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 119,559 | 123,476 | 156,757 | 71,594 | 71,042 |
| Quick ratio | 0.11 | 0.23 | 0.32 | 2.20 | 1.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($12,812K
+ $—K
+ $—K)
÷ $119,559K
= 0.11
The quick ratio of Heartland Express Inc has seen fluctuations over the years, indicating varying levels of liquidity. In December 31, 2020, the company had a quick ratio of 1.60, suggesting it had $1.60 of liquid assets available to cover each $1 of current liabilities. This improved to 2.20 by December 31, 2021, indicating an enhanced ability to meet short-term obligations.
However, there was a significant decline in liquidity by December 31, 2022, with the quick ratio dropping to 0.32. This implies a potential strain on the company's ability to meet immediate payment obligations from its most liquid assets. The situation worsened by December 31, 2023, with a quick ratio of 0.23, further highlighting liquidity concerns.
By December 31, 2024, the quick ratio plummeted to 0.11, indicating a substantial challenge in meeting short-term obligations using readily available assets. Overall, the trend in the quick ratio for Heartland Express Inc reflects fluctuations in liquidity levels, with periods of adequate coverage followed by declines that may raise concerns about the company's short-term financial health.
Peer comparison
Dec 31, 2024