Heritage Financial Corporation (HFWA)
Interest coverage
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 69,254 | 60,014 | 61,550 | 52,259 | 42,506 | 51,237 | 55,113 | 72,915 | 94,227 | 98,077 | 100,767 | 99,436 | 95,866 | 95,808 | 113,400 | 120,507 | 124,499 | 118,023 | 70,795 | 53,180 |
| Interest expense (ttm) | US$ in thousands | 94,527 | 99,249 | 101,201 | 100,348 | 95,542 | 86,532 | 75,310 | 59,310 | 41,833 | 25,808 | 13,245 | 8,072 | 6,838 | 6,678 | 6,739 | 7,042 | 7,584 | 8,805 | 10,741 | 13,323 |
| Interest coverage | 0.73 | 0.60 | 0.61 | 0.52 | 0.44 | 0.59 | 0.73 | 1.23 | 2.25 | 3.80 | 7.61 | 12.32 | 14.02 | 14.35 | 16.83 | 17.11 | 16.42 | 13.40 | 6.59 | 3.99 |
September 30, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $69,254K ÷ $94,527K
= 0.73