Heartland Express annual debt-to-equity ratio
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2025
Heartland Express Debt-to-Equity Ratio Growth & History (HTLD)
Heartland Express's debt-to-equity ratio was 0.21 for fiscal 2025.
View full Heartland Express company overviewHeartland Express annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.21 | −0.03 | −13.21% |
| 2024 | 2024-12-31 | 0.24 | −0.11 | −30.69% |
| 2023 | 2023-12-31 | 0.35 | −0.13 | −26.85% |
| 2022 | 2022-12-31 | 0.47 | 0.47 | — |
| 2021 | 2021-12-31 | 0.00 | 0.00 | — |
| 2020 | 2020-12-31 | 0.00 | 0.00 | — |
| 2019 | 2019-12-31 | 0.00 | 0.00 | — |
| 2018 | 2018-12-31 | 0.00 | 0.00 | — |
| 2017 | 2017-12-31 | 0.00 | 0.00 | — |
| 2016 | 2016-12-31 | 0.00 | 0.00 | — |
| 2015 | 2015-12-31 | 0.00 | −0.05 | — |
| 2014 | 2014-12-31 | 0.05 | −0.14 | −72.63% |
| 2013 | 2013-12-31 | 0.19 | 0.19 | — |
| 2012 | 2012-12-31 | 0.00 | — | — |
Heartland Express quarterly debt-to-equity ratio
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Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.19 | −0.07 | −26.66% |
| Q1 2026 | 2026-03-31 | 0.20 | −0.06 | −23.49% |
| Q4 2025 | 2025-12-31 | 0.21 | −0.03 | −13.21% |
| Q3 2025 | 2025-09-30 | 0.25 | −0.03 | −9.91% |
| Q2 2025 | 2025-06-30 | 0.26 | −0.05 | −16.56% |
| Q1 2025 | 2025-03-31 | 0.27 | −0.08 | −23.12% |
| Q4 2024 | 2024-12-31 | 0.24 | −0.11 | −30.69% |
| Q3 2024 | 2024-09-30 | 0.28 | −0.16 | −36.69% |
| Q2 2024 | 2024-06-30 | 0.32 | −0.13 | −29.20% |
| Q1 2024 | 2024-03-31 | 0.35 | −0.13 | −26.93% |
| Q4 2023 | 2023-12-31 | 0.35 | −0.13 | −26.85% |
| Q3 2023 | 2023-09-30 | 0.44 | −0.18 | −29.33% |
| Q2 2023 | 2023-06-30 | 0.45 | 0.36 | +390.80% |
| Q1 2023 | 2023-03-31 | 0.48 | 0.48 | — |
| Q4 2022 | 2022-12-31 | 0.47 | 0.47 | — |
| Q3 2022 | 2022-09-30 | 0.62 | 0.62 | — |
| Q2 2022 | 2022-06-30 | 0.09 | 0.09 | — |
| Q1 2022 | 2022-03-31 | 0.00 | 0.00 | — |
| Q4 2021 | 2021-12-31 | 0.00 | 0.00 | — |
| Q3 2021 | 2021-09-30 | 0.00 | 0.00 | — |
| Q2 2021 | 2021-06-30 | 0.00 | 0.00 | — |
| Q1 2021 | 2021-03-31 | 0.00 | 0.00 | — |
| Q4 2020 | 2020-12-31 | 0.00 | 0.00 | — |
| Q3 2020 | 2020-09-30 | 0.00 | −0.08 | — |
| Q2 2020 | 2020-06-30 | 0.00 | 0.00 | — |
| Q1 2020 | 2020-03-31 | 0.00 | 0.00 | — |
| Q4 2019 | 2019-12-31 | 0.00 | 0.00 | — |
| Q3 2019 | 2019-09-30 | 0.08 | 0.08 | — |
| Q2 2019 | 2019-06-30 | 0.00 | 0.00 | — |
| Q1 2019 | 2019-03-31 | 0.00 | 0.00 | — |
| Q4 2018 | 2018-12-31 | 0.00 | 0.00 | — |
| Q3 2018 | 2018-09-30 | 0.00 | 0.00 | — |
| Q2 2018 | 2018-06-30 | 0.00 | 0.00 | — |
| Q1 2018 | 2018-03-31 | 0.00 | 0.00 | — |
| Q4 2017 | 2017-12-31 | 0.00 | 0.00 | — |
| Q3 2017 | 2017-09-30 | 0.00 | 0.00 | — |
| Q2 2017 | 2017-06-30 | 0.00 | 0.00 | — |
| Q1 2017 | 2017-03-31 | 0.00 | 0.00 | — |
| Q4 2016 | 2016-12-31 | 0.00 | 0.00 | — |
| Q3 2016 | 2016-09-30 | 0.00 | 0.00 | — |
| Q2 2016 | 2016-06-30 | 0.00 | 0.00 | — |
| Q1 2016 | 2016-03-31 | 0.00 | 0.00 | — |
| Q4 2015 | 2015-12-31 | 0.00 | −0.05 | — |
| Q3 2015 | 2015-09-30 | 0.00 | −0.05 | — |
| Q2 2015 | 2015-06-30 | 0.00 | −0.10 | — |
| Q1 2015 | 2015-03-31 | 0.00 | −0.15 | — |
| Q4 2014 | 2014-12-31 | 0.05 | −0.14 | −72.63% |
| Q3 2014 | 2014-09-30 | 0.05 | 0.05 | — |
| Q2 2014 | 2014-06-30 | 0.10 | 0.10 | — |
| Q1 2014 | 2014-03-31 | 0.15 | 0.15 | — |
| Q4 2013 | 2013-12-31 | 0.19 | 0.19 | — |
| Q3 2013 | 2013-09-30 | 0.00 | — | — |
| Q2 2013 | 2013-06-30 | 0.00 | — | — |
| Q1 2013 | 2013-03-31 | 0.00 | — | — |
| Q4 2012 | 2012-12-31 | 0.00 | — | — |
Heartland Express debt-to-equity ratio trends
Over the last five fiscal years, Heartland Express's debt-to-equity ratio increased from 0.00 to 0.21, a change of 0.21. The latest reported quarter, Q2 2026, shows 0.19.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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