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Heartland Express HTLD Debt Instrument, Covenant, Distributions Max Leverage Ratio

Debt Instrument, Covenant, Distributions Max Leverage Ratio at other companies

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363%+2.0pp
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65%0.0pp
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400%0.0pp
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60%
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400%0.0pp
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PJT PartnersPJT
1.5%0.0pp

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+68.8%
Enterprise value$1.29B+45.4%
P/S1.6×+0.8×

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

Reported directly by Heartland Express in its filing.

Tagged under the XBRL concept htld:DebtInstrumentCovenantDistributionsMaxLeverageRatio.

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 debt instrument, covenant, distributions max leverage ratio?
Heartland Express (HTLD) reported debt instrument, covenant, distributions max leverage ratio of 250% in Q1 2026.
How has Heartland Express's debt instrument, covenant, distributions max leverage ratio changed year-over-year?
Heartland Express's debt instrument, covenant, distributions max leverage ratio decreased by 0.0% year-over-year, from 250% to 250%.
What does debt instrument, covenant, distributions max leverage ratio mean?
The maximum leverage ratio threshold permitted by debt agreements before the company is restricted from making distributions, such as dividends or share repurchases. This acts as a protective covenant for lenders to ensure the company maintains a specific level of financial health before returning capital to shareholders.