Heartland Express Inc (HTLD)

Financial leverage 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
Total assets US$ in thousands 1,334,190 1,361,450 1,413,430 1,452,480 1,509,650 1,575,520 1,596,660 1,612,510 1,669,490 1,701,590 1,113,200 947,113 928,542 958,280 956,985 949,421 951,176 959,751 930,499 913,291
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
Financial leverage ratio 0.92 1.65 1.69 1.71 1.74 1.83 1.83 1.86 1.95 2.02 1.36 1.28 1.28 1.35 1.29 1.31 1.31 1.33 1.32 1.33

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,334,190K ÷ $1,446,320K
= 0.92

The financial leverage ratio of Heartland Express Inc has shown fluctuations over the reporting periods provided. The financial leverage ratio calculates the company's level of debt relative to its equity. A ratio below 1 indicates that the company has more equity than debt, while a ratio above 1 signifies higher levels of debt than equity.

From March 31, 2020, to December 31, 2021, the financial leverage ratio remained relatively stable, ranging between 1.31 and 1.33. However, there was a notable decrease to 1.29 as of June 30, 2021, suggesting a slight reduction in debt compared to equity.

Significantly, there was a sharp increase in the financial leverage ratio to 2.02 as of September 30, 2022, indicating a substantial rise in debt relative to equity. This level stayed relatively high for the subsequent reporting periods. As of December 31, 2024, the ratio dropped to 0.92, signifying a significant decrease in debt compared to equity, potentially reflecting improved financial health or changes in the company's capital structure.

Overall, the financial leverage ratio of Heartland Express Inc has shown variability, with periods of stability followed by notable changes in the proportion of debt to equity. These fluctuations may indicate shifts in the company's borrowing practices, financial strategy, or overall capital structure.