Heartland Financial USA Inc
Heartland Financial USA, Inc., a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits. It offers loans, inc… Read more
Heartland Financial USA Inc (HTLF) - Total Assets
Latest total assets as of September 2024: $18.27 Billion USD
Based on the latest financial reports, Heartland Financial USA Inc (HTLF) holds total assets worth $18.27 Billion USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Heartland Financial USA Inc - Total Assets Trend (1996–2023)
This chart illustrates how Heartland Financial USA Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Heartland Financial USA Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Heartland Financial USA Inc's total assets of $18.27 Billion consist of 1.7% current assets and 98.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.7% |
| Accounts Receivable | $11.95 Billion | 61.5% |
| Inventory | $-12.27 Billion | -63.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $18.41 Million | 0.1% |
| Goodwill | $576.00 Million | 3.0% |
Asset Composition Trend (1996–2023)
This chart illustrates how Heartland Financial USA Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Heartland Financial USA Inc's current assets represent 1.7% of total assets in 2023, a decrease from 5.4% in 1996.
- Cash Position: Cash and equivalents constituted 1.7% of total assets in 2023, down from 5.4% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 1996.
- Asset Diversification: The largest asset category is accounts receivable at 61.5% of total assets.
Heartland Financial USA Inc Competitors by Total Assets
Key competitors of Heartland Financial USA Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Heartland Financial USA Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Heartland Financial USA Inc generates 0.03x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Heartland Financial USA Inc generates $ 0.41 in net profit.
Heartland Financial USA Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.13 | 0.89 | 94.84 |
| Quick Ratio | 2.67 | 31.86 | 181.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-3.97 Billion | $ -43.15 Million | $ 8.98 Billion |
Heartland Financial USA Inc - Advanced Valuation Insights
This section examines the relationship between Heartland Financial USA Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.37 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | -4.1% |
| Total Assets | $19.41 Billion |
| Market Capitalization | $2.72 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Heartland Financial USA Inc's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Heartland Financial USA Inc's assets decreased by 4.1% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Heartland Financial USA Inc (1996–2023)
The table below shows the annual total assets of Heartland Financial USA Inc from 1996 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $19.41 Billion | -4.11% |
| 2022-12-31 | $20.24 Billion | +5.03% |
| 2021-12-31 | $19.27 Billion | +7.63% |
| 2020-12-31 | $17.91 Billion | +35.57% |
| 2019-12-31 | $13.21 Billion | +15.79% |
| 2018-12-31 | $11.41 Billion | +16.28% |
| 2017-12-31 | $9.81 Billion | +18.96% |
| 2016-12-31 | $8.25 Billion | +7.18% |
| 2015-12-31 | $7.69 Billion | +27.14% |
| 2014-12-31 | $6.05 Billion | +2.17% |
| 2013-12-31 | $5.92 Billion | +18.84% |
| 2012-12-31 | $4.98 Billion | +17.03% |
| 2011-12-31 | $4.26 Billion | +6.49% |
| 2010-12-31 | $4.00 Billion | -0.34% |
| 2009-12-31 | $4.01 Billion | +10.54% |
| 2008-12-31 | $3.63 Billion | +11.22% |
| 2007-12-31 | $3.26 Billion | +6.73% |
| 2006-12-31 | $3.06 Billion | +8.51% |
| 2005-12-31 | $2.82 Billion | +7.20% |
| 2004-12-31 | $2.63 Billion | +30.26% |
| 2003-12-31 | $2.02 Billion | +13.01% |
| 2002-12-31 | $1.79 Billion | +8.63% |
| 2001-12-31 | $1.64 Billion | +12.12% |
| 2000-12-31 | $1.47 Billion | +23.84% |
| 1999-12-31 | $1.18 Billion | +24.15% |
| 1998-12-31 | $953.78 Million | +11.94% |
| 1997-12-31 | $852.06 Million | +15.68% |
| 1996-12-31 | $736.55 Million | -- |