Heritage Financial Corporation (HFWA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 5,552,970 | 5,515,180 | 5,376,690 | 5,342,100 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,174,960K
= 0.00
The debt-to-assets ratio of Heritage Financial Corp. has been consistently low and stable over the past few quarters, ranging from 0.00 to 0.07. This indicates that the company has a relatively low level of debt compared to its total assets. It suggests that Heritage Financial Corp. has been conservative in its borrowing practices and has maintained a strong financial position with a significant portion of its assets financed through equity rather than debt. A low debt-to-assets ratio typically signifies lower financial risk and greater financial stability for the company. It also indicates that the company may have sufficient assets to cover its debts in case of financial difficulties. Overall, the trend of a consistent and low debt-to-assets ratio for Heritage Financial Corp. is a positive indicator of its financial health and prudent financial management.