Heritage Financial (Heritage Financial) Cash-to-Debt : 10.34 (As of Dec. 2023)

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What is Heritage Financial Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Heritage Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.34.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Heritage Financial could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Heritage Financial's Cash-to-Debt or its related term are showing as below:

HFWA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: 7.44 Max: 81.36
Current: 10.34

During the past 13 years, Heritage Financial's highest Cash to Debt Ratio was 81.36. The lowest was 0.92. And the median was 7.44.

HFWA's Cash-to-Debt is ranked better than
87.13% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs HFWA: 10.34

Heritage Financial Cash-to-Debt Historical Data

The historical data trend for Heritage Financial's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Heritage Financial Cash-to-Debt Chart

Heritage Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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11.10

35.59

81.36

4.82

10.34

Heritage Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.82	0.75	0.23	0.47	10.34

Competitive Comparison of Heritage Financial's Cash-to-Debt

For the Banks - Regional subindustry, Heritage Financial's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Heritage Financial's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Heritage Financial's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Heritage Financial's Cash-to-Debt falls into.

Heritage Financial Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Heritage Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	224.973	/	(0	+	21.765)
	=	10.34

Heritage Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	224.973	/	(0	+	21.765)
	=	10.34

Heritage Financial (NAS:HFWA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Heritage Financial Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Heritage Financial's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Financial (Heritage Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Financial Corp (NAS:HFWA) » Definitions » Cash-to-Debt

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