What is Heartland Express's cash ratio?

Heartland Express (HTLD) reported cash ratio of 0.4× in Q1 2026.

How has Heartland Express's cash ratio changed year-over-year?

Heartland Express's cash ratio increased by 157.5% year-over-year, from 0.2× to 0.4×.

What is the long-term trend for Heartland Express's cash ratio?

Over 5 years (2020 to 2025), Heartland Express's cash ratio has grown at a -36.3% compound annual growth rate (CAGR), from 1.6× to 0.2×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Heartland Express HTLD Cash ratio

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Other financials

Income statement

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Revenue$176.3M-19.7%

Operating income-$3.3M+77.9%

Net income-$4.8M+65.2%

EPS (diluted)-$0.06+66.7%

Balance sheet

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Cash & equivalents$44.5M+86.4%

Total debt$153.2M-29.1%

Total equity$755.3M-8.2%

Total assets$1.2B-12.2%

Cash flow

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Operating cash flow$23.2M-10.4%

CapEx$18.0M-23.5%

Free cash flow$5.1M+125%

Valuation

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Market cap$1.18B+74.3%

Enterprise value$1.29B+48.3%

P/S1.6×+0.9×

Profitability

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Operating margin-6%-14.0pp

Net margin-5.7%+642pp

FCF margin-8.4%—

Returns & leverage

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Return on equity-6.6%+52.6pp

Debt / equity0.2×0.0×

Current ratio1.3×+0.4×

Where this comes from

Calculated from Heartland Express’s reported figures.

cash and equivalents/total current liabilities=0.4×

Based on the most recent quarter.

The official record: Heartland Express’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Heartland Express's cash ratio?: Heartland Express (HTLD) reported cash ratio of 0.4× in Q1 2026.
How has Heartland Express's cash ratio changed year-over-year?: Heartland Express's cash ratio increased by 157.5% year-over-year, from 0.2× to 0.4×.
What is the long-term trend for Heartland Express's cash ratio?: Over 5 years (2020 to 2025), Heartland Express's cash ratio has grown at a -36.3% compound annual growth rate (CAGR), from 1.6× to 0.2×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.