Heartland Express Inc (HTLD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,334,190 | 1,509,650 | 1,669,490 | 928,542 | 951,176 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,334,190K
= 0.00
The debt-to-assets ratio for Heartland Express Inc has consistently remained at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has been entirely financing its assets using equity rather than debt during this period. A debt-to-assets ratio of 0.00 reflects a strong financial position with minimal financial risk due to the absence of debt in the capital structure. Heartland Express Inc's low debt-to-assets ratio suggests a conservative approach to capital structure management and a reduced dependency on external financing to support its operations and investments.
Peer comparison
Dec 31, 2024