Heritage Financial Corporation (HFWA)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 132,225 | 136,060 | 123,885 | 114,012 | 107,508 | 102,704 | 102,486 | 120,139 | 127,549 | 132,083 | 126,828 | 81,536 | 66,503 | 61,369 | 65,528 | 92,788 | 99,213 | 98,708 | 94,681 | 87,603 |
| Interest expense (ttm) | US$ in thousands | 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 | 15,929 | 17,685 | 18,684 | 18,168 | 16,935 | 15,774 | 14,022 |
| Interest coverage | 2.23 | 3.25 | 4.80 | 8.61 | 13.32 | 15.02 | 15.35 | 17.83 | 18.11 | 17.42 | 14.40 | 7.59 | 4.99 | 3.85 | 3.71 | 4.97 | 5.46 | 5.83 | 6.00 | 6.25 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $132,225K ÷ $59,310K
= 2.23
I'm sorry, but without specific data for the interest coverage ratio in the provided table for Heritage Financial Corp., it is not possible to conduct a detailed analysis on the trend or performance of this particular financial metric over time. To evaluate the interest coverage ratio, we would need the figures for operating income and interest expenses for each of the mentioned quarters. Interest coverage ratio is a measure of a company's ability to pay interest on its outstanding debt, with a higher ratio indicating a stronger ability to meet interest obligations. If you can provide the necessary data, I would be able to offer a more insightful analysis of Heritage Financial Corp.'s interest coverage ratio.