Heritage Financial Corporation (HFWA)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $863,527K
= 0.00
The debt-to-equity ratio of Heritage Financial Corporation has consistently been at 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during these periods, and all its financial obligations have been funded through equity. A debt-to-equity ratio of 0.00 signifies no financial leverage and implies that the company has a conservative capital structure with minimal financial risk. While having low or no debt can be advantageous in terms of financial stability and lower interest expenses, it may also suggest limited growth opportunities as debt can be used as a tool for expansion. Additionally, potential investors and creditors may view a consistently low debt-to-equity ratio as a positive indicator of strong financial health and prudent financial management by the company.