Heritage Financial Corporation (HFWA)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 863,527 | 853,261 | 797,893 | 854,432 | 820,439 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $863,527K
= 0.00
The debt-to-equity ratio of Heritage Financial Corporation has consistently remained at 0.00 across the years from 2020 to 2024. This indicates that the company has no debt or a very minimal amount of debt in relation to its equity. A debt-to-equity ratio of 0.00 signifies that the firm is largely financed through equity rather than debt, which can be seen as a positive indicator of financial stability and lower financial risk. It suggests that the company is not relying heavily on borrowed funds to finance its operations and growth, which can be advantageous in terms of financial flexibility and sustainability. Overall, a consistent debt-to-equity ratio of 0.00 reflects a healthy financial position for Heritage Financial Corporation.