Heartland Other Current Assets vs Property Plant And Equipment Net Analysis
HTLD Stock | USD 11.52 0.19 1.68% |
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 Other Current Assets and its Property Plant And Equipment Net 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.
Other Current Assets vs Property Plant And Equipment Net
Other Current Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heartland Express Other Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Heartland Express' Other Current Assets and Property Plant And Equipment Net is 0.94. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Net 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' Other Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Heartland Express are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Current Assets i.e., Heartland Express' Other Current Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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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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.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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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.