Heritage Financial Corporation (HFWA)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 7,106,280 7,153,360 7,059,860 7,091,280 7,174,960 7,150,590 7,115,410 7,236,810 6,980,100 7,200,310 7,316,470 7,483,810 7,432,410 7,259,040 7,105,670 7,028,390 6,615,320 6,685,890 6,562,360 5,587,300
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

The debt-to-assets ratio of Heritage Financial Corporation has consistently remained at 0.00% for the period from March 31, 2020, to December 31, 2024. This indicates that the company has not incurred any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00% suggests that the company is primarily financed by equity rather than debt, which can be viewed positively by investors and creditors as it signifies a lower financial risk and a stronger financial position. Going forward, Heritage Financial Corporation's ability to maintain a low or zero debt-to-assets ratio may indicate prudent financial management and sustainable growth strategies.