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Heritage Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Heritage Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $521.8 Mil. Heritage Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $847.6 Mil. Heritage Financial's debt to equity for the quarter that ended in Mar. 2024 was 0.62.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Heritage Financial's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Heritage Financial was 0.62. The lowest was 0.03. And the median was 0.04.
The historical data trend for Heritage Financial's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heritage Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Heritage Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.49 | 0.58 | 0.58 | 0.03 | 0.62 |
For the Banks - Regional subindustry, Heritage Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Heritage Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Heritage Financial's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Heritage Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (0 | + | 21.765) | / | 853.261 | |
= | 0.03 |
Heritage Financial's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (0 | + | 521.838) | / | 847.58 | |
= | 0.62 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heritage Financial (NAS:HFWA) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Heritage Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick B Rivera | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Brian Charneski | director | P O BOX 1578, OLYMPIA WA 98507 |
Jeffrey S Lyon | director | 2542 N VISTA VIEW DRIVE, TACOMA WA 98406 |
Matthew T. Ray | officer: EVP Chief Lending Officer | 201 5TH AVE SW, OLYMPIA WA 98501 |
Eric Kayen Chan | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Amy E. Curran | officer: EVP Director Commercial Lend | 201 5TH AVE SW, OLYMPIA WA 98501 |
Kelli Ann Wilson | officer: EVP Chief Banking Officer | 201 5TH AVE SW, OLYMPIA WA 98501 |
Cindy M Huntley | officer: SVP Director of Retail Banking | 201 5TH AVE SW, OLYMPIA WA 98507 |
Brian L Vance | director, officer: President and CEO | 2204 57TH WAY NW, OLYMPIA WA 98502 |
John A Clees | director | 4342 SUNSET BEACH DRIVE NW, OLYMPIA WA 98502 |
Tony Chalfant | officer: EVP Chief Credit Officer | 201 5TH ST SW, OLYMPIA WA 98501 |
Gail B. Giacobbe | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Trevor D. Dryer | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Gragg E Miller | director | 450 SW BAYSHORE DRIVE, OAK HARBOR WA 98277 |
Jeffrey J Deuel | officer: Executive Vice President | 201 5TH AVENUE SW, OLYMPIA WA 90501 |
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