Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 12.46% is 14% below its 5-year average of 14.49%, around the middle of its 5-year range (0.00%–28.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.96% below its 12-month average of 13.84%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 12.46%.
DEBT TO ASSETS RATIO
12.46%
DEBT TO ASSETS RATIO AVG TTM
13.84%
DEBT TO ASSETS RATIO AVG 3Y
16.85%
DEBT TO ASSETS RATIO AVG 5Y
14.49%
DEBT TO ASSETS RATIO AVG 10Y
7.56%
DEBT TO ASSETS RATIO AVG 15Y
5.58%
DEBT TO ASSETS RATIO AVG 20Y
1.21%
CURRENT VS TTM AVG
-9.96%
CURRENT VS 3Y AVG
-26.05%
CURRENT VS 5Y AVG
-14.00%
CURRENT VS 10Y AVG
+64.85%
CURRENT VS 15Y AVG
+123.18%
CURRENT VS 20Y AVG
+933.84%
SECTOR MEDIAN · INDUSTRIALS
0.23%
median of 483 covered companies
CURRENT VS SECTOR MEDIAN
+5318.28%
vs the sector median at left
Heartland Express, Inc.
Market Cap
$877.96M
Debt to Assets Ratio
12.46%
TTM Avg
13.84%
3Y Avg
16.85%
5Y Avg
14.49%
Market Cap
$877.37M
Debt to Assets Ratio
0.39%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$885.48M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$906.03M
Debt to Assets Ratio
0.64%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$841.80M
Debt to Assets Ratio
0.14%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$841.08M
Debt to Assets Ratio
0.02%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Heartland Express, Inc. (HTLD) | $877.96M | 12.46% | 13.84% | 16.85% | 14.49% |
| Aebi Schmidt Holding AG (AEBI)vs › | $877.37M | 0.39% | N/A | N/A | N/A |
| Nano Nuclear Energy Inc. (NNE)vs › | $885.48M | 0.00% | N/A | N/A | N/A |
| Cryoport, Inc. (CYRX)vs › | $897.16M | 0.31% | N/A | N/A | N/A |
| Willis Lease Finance Corporation (WLFC)vs › | $906.03M | 0.64% | N/A | N/A | N/A |
| Kforce Inc. (KFRC)vs › | $907.63M | 0.30% | N/A | N/A | N/A |
| Evolv Technologies Holdings, Inc. (EVLV)vs › | $841.80M | 0.14% | N/A | N/A | N/A |
| Kornit Digital Ltd. (KRNT)vs › | $841.08M | 0.02% | N/A | N/A | N/A |
| Transcat, Inc. (TRNS)vs › | $840.51M | 0.29% | N/A | N/A | N/A |
| Republic Airways Holdings Inc. (RJET)vs › | $823.73M | 0.37% | N/A | N/A | N/A |
Debt/Assets
12.5%
Debt/Equity
0.19
Current Ratio
1.58
Interest Coverage
-5.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 12.46% |
| 2026-03-31 | 12.97% |
| 2025-12-31 | 13.55% |
| 2025-09-30 | 14.95% |
| 2025-06-30 | 15.27% |
| 2025-03-31 | 15.30% |
| 2024-12-31 | 15.64% |
| 2024-09-30 | 15.89% |
| 2024-06-30 | 17.59% |
| 2024-03-31 | 19.12% |
| 2023-12-31 | 21.03% |
| 2023-09-30 | 22.56% |
| 2023-06-30 | 22.75% |
| 2023-03-31 | 23.78% |
| 2022-12-31 | 25.99% |
| 2022-09-30 | 28.76% |
| 2022-06-30 | 6.69% |
| 2022-03-31 | 0.00% |
| 2021-12-31 | 0.00% |
| 2021-09-30 | 0.00% |
| 2021-06-30 | 0.00% |
| 2021-03-31 | 0.00% |
| 2020-12-31 | 0.00% |
| 2020-09-30 | 0.00% |
| 2020-06-30 | 0.00% |
| 2020-03-31 | 0.00% |
| 2019-12-31 | 0.00% |
| 2019-09-30 | 5.63% |
| 2019-06-30 | 0.00% |
| 2019-03-31 | 0.00% |
| 2018-12-31 | 0.00% |
| 2018-09-30 | 0.00% |
| 2018-06-30 | 0.00% |
| 2018-03-31 | 0.00% |
| 2017-12-31 | 0.00% |
| 2017-09-30 | 0.00% |
| 2017-06-30 | 0.00% |
| 2017-03-31 | 0.00% |
| 2016-12-31 | 0.00% |
| 2016-09-30 | 0.00% |
| 2016-06-30 | 0.00% |
| 2016-03-31 | 0.00% |
| 2015-12-31 | 0.00% |
| 2015-09-30 | 0.00% |
| 2015-06-30 | 0.00% |
| 2015-03-31 | 0.00% |
| 2014-12-31 | 3.24% |
| 2014-09-30 | 2.79% |
| 2014-06-30 | 5.72% |
| 2014-03-31 | 8.57% |
| 2013-12-31 | 10.35% |
| 2013-09-30 | 0.00% |
| 2013-06-30 | 0.00% |
| 2013-03-31 | 0.00% |
| 2012-12-31 | 0.00% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 0.00% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2010-02-18 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 0.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
