Heartland Express Inc (HTLD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,446,320 | 825,749 | 836,766 | 848,790 | 865,260 | 861,130 | 872,937 | 866,619 | 855,477 | 840,889 | 817,902 | 742,528 | 727,102 | 708,816 | 741,766 | 722,417 | 724,334 | 721,709 | 702,615 | 684,688 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,446,320K)
= 0.00
The debt-to-capital ratio for Heartland Express Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not been reliant on debt to finance its operations, as the ratio measures the proportion of a company's total debt to its total capital. A lower debt-to-capital ratio typically signifies lower financial risk and greater financial stability, as the company is not highly leveraged. In the case of Heartland Express Inc, the consistent 0.00 ratio suggests a conservative approach to debt management and a strong capital structure supported by other sources of funding such as equity.
Peer comparison
Dec 31, 2024