Heartland Express Inc (HTLD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
The solvency ratios of Heartland Express Inc indicate a strong financial position with low debt levels and a conservative capital structure.
1. Debt-to-assets ratio: The company consistently maintains a debt-to-assets ratio of 0.00 across all quarters from March 2020 to December 2024. This suggests that the company is not heavily reliant on debt to finance its assets, indicating a low financial risk.
2. Debt-to-capital ratio: Heartland Express Inc also shows a consistent debt-to-capital ratio of 0.00 over the same period. This ratio reflects the proportion of the company's capital that is funded by debt, with the company showing minimal reliance on debt financing.
3. Debt-to-equity ratio: Similar to the above ratios, the debt-to-equity ratio remains at 0.00 throughout the analyzed period. A low debt-to-equity ratio signifies that the company has a strong equity base compared to its debt obligations, enhancing its financial stability.
4. Financial leverage ratio: The financial leverage ratio, which measures the company's debt levels in relation to its equity, shows a decreasing trend from 1.33 in March 2020 to 0.92 by December 2024. This signifies that Heartland Express Inc has been reducing its financial leverage over time, moving towards a more conservative capital structure.
Overall, the consistent low debt levels and conservative capital structure of Heartland Express Inc, as evidenced by its solvency ratios, indicate a sound financial position and a strong ability to meet its financial obligations in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -1.17 | -1.81 | -1.67 | -1.17 | 0.41 | 1.91 | 4.32 | 7.11 | 11.87 | 38.34 | 163.56 | 169.76 | 158.62 | 146.68 | 130.01 | 124.31 | 93.23 | 54.95 | 40.50 | 34.02 |
The interest coverage ratio of Heartland Express Inc shows a steady improvement from March 31, 2020, to June 30, 2022, indicating the company's ability to cover its interest expenses comfortably. This improvement peaked at 169.76 on March 31, 2022. However, starting from September 30, 2022, there was a significant decline in the interest coverage ratio, reaching negative values by December 31, 2023. This negative trend continued until December 31, 2024, which may raise concerns about the company's ability to cover its interest payments with its operating income. It would be crucial for investors and stakeholders to closely monitor this ratio in the future to gauge the company's financial health and leverage levels.