Heartland Express Inc (HTLD)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 926,750 | 865,260 | 855,477 | 727,102 | 724,334 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $926,750K)
= 0.00
The debt-to-capital ratio of Heartland Express Inc, calculated as total debt divided by the sum of total debt and total equity, remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company did not rely heavily on debt financing relative to its total capital structure during this period. A low debt-to-capital ratio can suggest a conservative financial strategy, with the company possibly preferring equity financing or maintaining strong internal cash flows to fund its operations and investments. It also signifies a lower level of financial risk associated with debt obligations. While a 0.00 debt-to-capital ratio might not always be ideal as some level of debt can provide tax advantages and leverage, Heartland Express Inc's consistent ratio may reflect a stable and sustainable capital structure.
Peer comparison
Dec 31, 2024