Heritage Financial Corporation (HFWA)

Debt-to-capital 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 stockholders’ equity US$ in thousands 863,527 874,514 850,507 847,580 853,261 813,546 819,733 826,082 797,893 776,702 805,366 821,449 854,432 848,404 855,984 827,151 820,439 803,129 793,652 798,438
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $863,527K)
= 0.00

The debt-to-capital ratio of Heritage Financial Corporation has remained consistently at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations, and its capital structure consists primarily of equity. A low or zero debt-to-capital ratio typically suggests lower financial risk and greater financial stability for the company, as it does not have significant debt obligations that could impact its performance or cash flows. However, it's important to consider that a very low debt-to-capital ratio may also imply missed opportunities for leveraging financial leverage for potential growth or expansion. Overall, Heritage Financial Corporation's consistent zero debt-to-capital ratio reflects a conservative financial strategy and a strong equity position in the company's capital structure.