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Heartland Express HTLD Debt Instrument, Covenant, Maximum Net Leverage Ratio

Debt Instrument, Covenant, Maximum Net Leverage Ratio at other companies

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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

Reported directly by Heartland Express in its filing.

Tagged under the XBRL concept htld:DebtInstrumentCovenantMaximumNetLeverageRatio.

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, maximum net leverage ratio?
Heartland Express (HTLD) reported debt instrument, covenant, maximum net leverage ratio of 275% in Q1 2026.
How has Heartland Express's debt instrument, covenant, maximum net leverage ratio changed year-over-year?
Heartland Express's debt instrument, covenant, maximum net leverage ratio decreased by 0.0% year-over-year, from 275% to 275%.
What does debt instrument, covenant, maximum net leverage ratio mean?
The upper limit of the ratio of net debt to a specified earnings metric, as defined in credit agreements, that the company must not exceed. Exceeding this threshold constitutes a breach of debt covenants, potentially triggering default or restrictive financial conditions.