Heritage Financial Corporation (HFWA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,592,350 | 1,209,720 | 1,453,580 | 2,632,280 | 1,564,900 |
| Total current liabilities | US$ in thousands | — | 142,542 | 5,315,490 | 5,453,400 | 4,698,960 |
| Current ratio | — | 8.49 | 0.27 | 0.48 | 0.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,592,350K ÷ $—K
= —
The current ratio of Heritage Financial Corporation has exhibited fluctuations over the past five years.
As of December 31, 2020, the current ratio was 0.33, indicating that the company may have had difficulty meeting its short-term obligations with its current assets at that time.
By December 31, 2021, the current ratio improved to 0.48, suggesting a slight enhancement in the company's short-term liquidity position.
However, the ratio decreased significantly to 0.27 by December 31, 2022, which may raise concerns about the company's ability to pay off its current liabilities with its current assets.
On December 31, 2023, there was a major spike in the current ratio to 8.49. This significant increase implies that the company may have substantially increased its current assets relative to its current liabilities, which could indicate improved liquidity and financial health.
The data for December 31, 2024, is unavailable (denoted by a dash), so it is not possible to evaluate the current ratio for that year.
Overall, the fluctuating trend in the current ratio of Heritage Financial Corporation suggests varying levels of liquidity and the ability to meet short-term obligations throughout the years under review. Further analysis of the company's financial statements and operational performance would be necessary to gain a more comprehensive understanding of its financial health.