Heritage Financial Corporation (HFWA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,106,280 | 7,174,960 | 6,980,100 | 7,432,410 | 6,615,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,106,280K
= 0.00
Based on the provided data, Heritage Financial Corporation's debt-to-assets ratio has consistently been 0.00 for the years ending on December 31, 2020 through December 31, 2024. This indicates that the company has not utilized debt to finance its operations and investments during this period. A debt-to-assets ratio of 0.00 reflects a conservative capital structure with no debt obligations compared to its total assets, which may signify a lower financial risk and potential stability in the company's financial position. It suggests that Heritage Financial Corporation has primarily relied on equity financing to support its operations and growth, potentially reducing interest expenses and financial leverage. However, it is essential to consider other financial metrics and factors to gain a holistic understanding of the company's financial health and performance in the industry.