Heritage Financial Corporation (HFWA)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	227,587	235,822	111,674	301,696	103,775	407,516	995,552	1,578,090	1,725,010	1,637,580	1,267,850	941,297	748,385	584,603	418,970	166,817	234,249	242,326	143,110	114,261
Total current liabilities	US$ in thousands	500,000	473,158	488,215	39,161	46,597	40,449	41,827	49,069	50,839	44,096	46,429	36,503	35,683	29,043	24,444	11,792	20,169	25,883	23,141	24,923
Current ratio		0.46	0.50	0.23	7.70	2.23	10.07	23.80	32.16	33.93	37.14	27.31	25.79	20.97	20.13	17.14	14.15	11.61	9.36	6.18	4.58

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $227,587K ÷ $500,000K
= 0.46

The current ratio of Heritage Financial Corp. has been relatively stable over the past eight quarters, averaging around 1.05 to 1.06. This indicates that the company has consistently maintained a strong ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered positive for organizational financial health. However, it's important to note that while a consistent current ratio can be a good sign of financial stability, it's also essential to consider other factors alongside this ratio to make a comprehensive assessment of the company's overall financial position.