Heartland Express Inc (HTLD)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
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 shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The quick ratio indicates the ability of the company to meet its short-term obligations with its most liquid assets.
The company's quick ratio ranged from a low of 0.14 on September 30, 2023, to a high of 2.41 on March 31, 2022. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations. Heartland Express Inc experienced a decreasing trend from March 31, 2022, where the ratio was at its peak, to December 31, 2024, where it dropped to 0.11.
It is essential for investors and stakeholders to monitor the quick ratio closely, as a consistently low ratio may indicate liquidity issues within the company that could potentially impact its financial health and ability to cover short-term obligations.
Peer comparison
Dec 31, 2024