Heritage Financial (Heritage Financial) Scaled Net Operating Assets : -0.07 (As of Dec. 2023)

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What is Heritage Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Heritage Financial's operating assets for the quarter that ended in Dec. 2023 was $5,815.6 Mil. Heritage Financial's operating liabilities for the quarter that ended in Dec. 2023 was $6,299.9 Mil. Heritage Financial's Total Assets for the quarter that ended in Sep. 2023 was $7,150.6 Mil. Therefore, Heritage Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

Heritage Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Heritage Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(6949.984	-	6299.931)	/	6980.1
=	0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7174.957	-	224.973
=	6949.984

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6321.696	-	21.765	-	0
=	6299.931

Heritage Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(5815.631	-	6299.931)	/	7150.588
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7174.957	-	1359.326
=	5815.631

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6321.696	-	21.765	-	0
=	6299.931

* 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.

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Heritage Financial (Heritage Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Financial Corp (NAS:HFWA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Fifth Avenue SW, Olympia, WA, USA, 98501

Website

https://www.hf-wa.com

Heritage Financial Corp is a bank holding company. The company through its subsidiary provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as noninterest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties primarily located in its market area. Geographically, all the business activity functions through the region of the United States.

Executives

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