Heartland Express Inc (HTLD)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,334,190 | 1,509,650 | 1,669,490 | 928,542 | 951,176 |
| Total stockholders’ equity | US$ in thousands | 926,750 | 865,260 | 855,477 | 727,102 | 724,334 |
| Financial leverage ratio | 1.44 | 1.74 | 1.95 | 1.28 | 1.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,334,190K ÷ $926,750K
= 1.44
The financial leverage ratio of Heartland Express Inc has fluctuated over the years. It was at 1.31 on December 31, 2020, decreased slightly to 1.28 on December 31, 2021, then increased significantly to 1.95 on December 31, 2022. Subsequently, it decreased to 1.74 on December 31, 2023, and further decreased to 1.44 on December 31, 2024. These changes suggest varying levels of debt utilization by the company to finance its operations and investments. A higher financial leverage ratio indicates greater reliance on debt for funding, which can amplify returns but also increase financial risk. Conversely, a lower ratio signifies a more conservative capital structure. Heartland Express Inc may have adjusted its leverage strategy over the years in response to changing business conditions and financial objectives.
Peer comparison
Dec 31, 2024