Heartland Express Inc (HTLD)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,446,320K
= 0.00

The debt-to-equity ratio for Heartland Express Inc remains consistently at 0.00 across all reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has no debt or a negligible amount of debt compared to its equity. A low debt-to-equity ratio usually suggests that the company is financed more by equity than debt, which can be seen as a positive sign of financial stability and lower financial risk. In this case, with a debt-to-equity ratio of 0.00, Heartland Express Inc appears to have a conservative financial structure with a strong emphasis on equity financing, which may indicate financial prudence and a lower probability of default or financial distress.