Heartland Express Inc (HTLD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $926,750K
= 0.00
The debt-to-equity ratio of Heartland Express Inc has consistently been 0.00 over the past five years, from December 31, 2020 to December 31, 2024. This indicates that the company is not relying heavily on debt to finance its operations and growth, as its level of debt is either extremely low or non-existent compared to its equity. A low or zero debt-to-equity ratio is generally considered favorable as it suggests a lower financial risk and greater financial stability. It also implies that the company may have a strong balance sheet and potentially better access to capital at favorable terms.
Peer comparison
Dec 31, 2024