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Heartland ExpressHTLD +5.37%60 Equity-to-Asset is 0.63 as of Mar. 2026, which is 10% below its 10-year median of 0.70. GuruFocus rates HTLD with a GF Score™ of 60/100 and a GF Value™ of $7.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,010 Transportation companies, Heartland Express ranks better than 71.29% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Heartland Express's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $749.0 Mil. Heartland Express's Total Assets for the quarter that ended in Mar. 2026 was $1,180.9 Mil.
Therefore, Heartland Express's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.63.
The historical rank and industry rank for Heartland Express's Equity-to-Asset or its related term are showing as below:
HTLD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49 Med: 0.7 Max: 0.78
Current: 0.63
During the past 13 years, the highest Equity to Asset Ratio of Heartland Express was 0.78. The lowest was 0.49. And the median was 0.70.
HTLD's Equity-to-Asset is ranked better than 71.29% of 1010
companies
in the Transportation industry
Industry Median: 0.5
vs HTLD: 0.63
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Heartland Express Equity-to-Asset Related Terms
Heartland Express Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Heartland Express's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HTLD vs CVLG, MRTN, ULH: Equity-to-Asset Comparison
For the Trucking subindustry, Heartland Express's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heartland Express Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Heartland Express's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Heartland Express's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Heartland Express's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heartland Express (HTLD) has a Equity-to-Asset of 0.63 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Heartland Express and its competitors. This is 10% below median its historical median of 0.70. Over the past decade, Heartland Express' Equity-to-Asset has ranged from 0.49 to 0.78. According to the industry distribution chart, Heartland Express ranks #290 out of 1010 companies in the Transportation industry, placing it in the top 28.7%.
Is Heartland Express' Equity-to-Asset too high?
Heartland Express' current Equity-to-Asset of 0.63 is 10% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.78. The Transportation industry median Equity-to-Asset is 0.50. Heartland Express' value of 0.63 is 26% above this industry median. Based on the distribution chart, Heartland Express ranks #290 out of 1010 companies in the Transportation industry, which is above the industry midpoint. Overall, Heartland Express has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Express' Equity-to-Asset compare to CVLG and MRTN?
According to the Transportation industry distribution chart, Heartland Express ranks #290 out of 1010 companies for Equity-to-Asset. This puts Heartland Express in the upper half of its industry. The industry median Equity-to-Asset is 0.50. Heartland Express' value of 0.63 is 26% above this benchmark. Historically, Heartland Express' own Equity-to-Asset has ranged from 0.49 to 0.78 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.50, Heartland Express has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heartland Express's current Equity-to-Asset of 0.63 is 26% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Heartland Express and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Express's current Equity-to-Asset is 0.63, which is 10% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Express stock overvalued right now?
Based on GuruFocus' analysis, Heartland Express (HTLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.98, compared to a current price of $15.30 — trading 91.7% above its estimated fair value. The current Equity-to-Asset is 0.63, which is 10% below median its 10-year median of 0.70 and 26% above the Transportation industry median of 0.50. Heartland Express' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Heartland Express (HTLD), the current Equity-to-Asset is 0.63 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heartland Express (HTLD) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Express stock appears to be overvalued.
The current stock price of $15.30 is trading 91.7% above its estimated GF Value™ of $7.98.
GuruFocus considers Heartland Express to be Significantly Overvalued.
Key valuation signals for HTLD:
Equity-to-Asset: 0.63 (10% below median its 10-year median of 0.70)
GF Value™: $7.98 vs. price of $15.30 (91.7% above fair value)
Industry Position: 26% above the Transportation median (#290 of 1010)
No single metric tells the full story. See the HTLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
60GF Score
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