Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Heartland Express's share price for the quarter that ended in Dec. 2023 was $14.26. Heartland Express's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 79 Mil. Therefore, Heartland Express's market cap for the quarter that ended in Dec. 2023 was $1,127 Mil.
Heartland Express's quarterly market cap
declined
from Jun. 2023 ($1,297 Mil) to Sep. 2023 ($1,161 Mil) and
declined
from Sep. 2023 ($1,161 Mil) to Dec. 2023 ($1,127 Mil).
Heartland Express's annual market cap
declined
from Dec. 2021 ($1,327 Mil) to Dec. 2022 ($1,212 Mil) and
declined
from Dec. 2022 ($1,212 Mil) to Dec. 2023 ($1,127 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Heartland Express's Enterprise Value for Today is $1,108 Mil.
Heartland Express Market Cap Historical Data
The historical data trend for Heartland Express's Market Cap 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.
Competitive Comparison of Heartland Express's Market Cap
For the Trucking subindustry, Heartland Express's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Heartland Express's Market Cap distribution charts can be found below:
* The bar in red indicates where Heartland Express's Market Cap falls into.
Heartland Express Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Heartland Express's Market Cap for the fiscal year that ended in Dec. 2023 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 (NAS:HTLD) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Heartland Express Market Cap Related Terms
Thank you for viewing the detailed overview of Heartland Express's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Heartland Express (Heartland Express) Business Description
Heartland Express Inc is engaged in providing truckload services across the United States and Canada. These truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services. The company's major customers represent primarily the consumer goods, appliances, food products, and automotive industries.
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