Heartland Express Inc (HTLD)

Debt-to-assets 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
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total assets US$ in thousands 1,334,190 1,361,450 1,413,430 1,452,480 1,509,650 1,575,520 1,596,660 1,612,510 1,669,490 1,701,590 1,113,200 947,113 928,542 958,280 956,985 949,421 951,176 959,751 930,499 913,291
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

Heartland Express Inc has consistently maintained a debt-to-assets ratio of 0.00 across the years from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing for its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity rather than debt, highlighting a conservative approach to capital structure. This low debt level can be perceived positively as it indicates lower financial risk and potential stability in the company's financial position.