Heartland Common Stock vs Long Term Debt Analysis
HTLD Stock | USD 11.48 0.12 1.06% |
Heartland Express financial indicator trend analysis is much more than just examining Heartland Express latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heartland Express is a good investment. Please check the relationship between Heartland Express Common Stock and its Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heartland Express. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Heartland Stock refer to our How to Trade Heartland Stock guide.
Common Stock vs Long Term Debt
Common Stock vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heartland Express Common Stock account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Heartland Express' Common Stock and Long Term Debt is -0.31. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Heartland Express, assuming nothing else is changed. The correlation between historical values of Heartland Express' Common Stock and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Heartland Express are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Common Stock i.e., Heartland Express' Common Stock and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Long Term Debt
Long-term debt is a debt that Heartland Express has held for over one year. Long-term debt appears on Heartland Express balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Heartland Express balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Heartland Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heartland Express current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heartland Express. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Heartland Stock refer to our How to Trade Heartland Stock guide.At present, Heartland Express' Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.4 B, whereas Enterprise Value Over EBITDA is forecasted to decline to 5.26.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 114.6M | 401.9M | 78.2M | 146.9M | Total Revenue | 607.3M | 968.0M | 1.2B | 1.3B |
Heartland Express fundamental ratios Correlations
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Heartland Express Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Heartland Express fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 898.9M | 951.2M | 928.5M | 1.7B | 1.5B | 1.6B | |
Other Current Liab | 52.3M | 58.3M | 51.1M | 66.9M | 67.1M | 49.1M | |
Total Current Liabilities | 63.4M | 71.0M | 71.6M | 156.8M | 123.5M | 62.5M | |
Total Stockholder Equity | 684.7M | 724.3M | 727.1M | 855.5M | 865.3M | 908.5M | |
Property Plant And Equipment Net | 526.3M | 539.3M | 487.9M | 994.2M | 902.8M | 947.9M | |
Net Debt | (76.7M) | (113.9M) | (157.7M) | 384.5M | 289.0M | 303.4M | |
Retained Earnings | 826.7M | 891.0M | 924.4M | 1.1B | 1.1B | 1.1B | |
Cash | 76.7M | 113.9M | 157.7M | 49.5M | 28.5M | 27.0M | |
Non Current Assets Total | 747.1M | 758.2M | 695.3M | 1.4B | 1.3B | 1.4B | |
Cash And Short Term Investments | 76.7M | 113.9M | 157.7M | 49.5M | 28.5M | 27.0M | |
Net Receivables | 57.1M | 55.6M | 56.9M | 143.0M | 112.9M | 118.5M | |
Common Stock Shares Outstanding | 82.0M | 81.4M | 79.6M | 79.0M | 79.1M | 81.3M | |
Liabilities And Stockholders Equity | 898.9M | 951.2M | 928.5M | 1.7B | 1.5B | 1.6B | |
Non Current Liabilities Total | 150.9M | 155.8M | 129.8M | 657.3M | 520.9M | 547.0M | |
Other Current Assets | 8.9M | 15.3M | 9.4M | 26.1M | 27.9M | 29.3M | |
Other Stockholder Equity | (142.9M) | (167.5M) | (198.2M) | (197.1M) | (195.7M) | (186.0M) | |
Total Liab | 214.3M | 226.8M | 201.4M | 814.0M | 644.4M | 676.6M | |
Property Plant And Equipment Gross | 526.3M | 539.3M | 710.8M | 1.3B | 1.3B | 1.4B | |
Total Current Assets | 151.8M | 193.0M | 233.2M | 229.8M | 169.3M | 169.0M | |
Non Currrent Assets Other | 1.6M | 1.5M | 16.8M | 5.6M | 2.2M | 2.4M | |
Accounts Payable | 11.1M | 12.8M | 20.5M | 62.7M | 37.8M | 39.7M | |
Intangible Assets | 27.1M | 24.7M | 22.4M | 101.9M | 98.5M | 103.4M | |
Inventory | 9.1M | 8.2M | 9.2M | 11.3M | 13.0M | 17.7M | |
Other Assets | 25.4M | 25.8M | 16.8M | 21.1M | 24.3M | 12.7M | |
Property Plant Equipment | 526.3M | 539.3M | 487.9M | 973.3M | 1.1B | 1.2B | |
Good Will | 135.2M | 132.4M | 168.3M | 322.5M | 322.6M | 338.7M | |
Other Liab | 150.9M | 155.8M | 129.8M | 249.2M | 286.6M | 301.0M | |
Net Tangible Assets | 489.2M | 531.3M | 536.5M | 431.1M | 495.8M | 441.9M | |
Retained Earnings Total Equity | 826.7M | 891.0M | 924.4M | 1.1B | 1.2B | 710.3M | |
Capital Surpluse | 3.5M | 4.1M | 4.3M | 4.2M | 4.8M | 3.8M | |
Deferred Long Term Liab | 93.7M | 104.0M | 90.0M | 207.5M | 238.6M | 250.6M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heartland Express. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Heartland Stock refer to our How to Trade Heartland Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Heartland Express' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heartland Express. If investors know Heartland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heartland Express listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Dividend Share 0.08 | Earnings Share (0.16) | Revenue Per Share 14.513 | Quarterly Revenue Growth (0.18) |
The market value of Heartland Express is measured differently than its book value, which is the value of Heartland that is recorded on the company's balance sheet. Investors also form their own opinion of Heartland Express' value that differs from its market value or its book value, called intrinsic value, which is Heartland Express' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heartland Express' market value can be influenced by many factors that don't directly affect Heartland Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heartland Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if Heartland Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heartland Express' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.