Heritage Financial Corporation (HFWA) — Capital Reinvestment Ratio
Heritage Financial Corporation (HFWA) has a Capital Reinvestment Ratio of 0.06x as of June 2026, meaning it reinvests 0% of its operating cash flow ($23.09 Million) in capital expenditures ($1.30 Million). Check HFWA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Heritage Financial Corporation Capital Reinvestment Ratio (1997–2025)
This chart tracks Heritage Financial Corporation's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see Heritage Financial Corporation (HFWA) cash flow conversion.
Annual Capital Reinvestment Ratio for Heritage Financial Corporation (1997–2025)
Year-by-year Capital Reinvestment Ratio for Heritage Financial Corporation from 1997 to 2025. See cash generation quality of Heritage Financial Corporation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.10x | $94.82 Million | $9.16 Million | ▲ +80.0% |
| 2024 | 0.05x | $64.48 Million | $3.46 Million | ▼ -43.4% |
| 2023 | 0.09x | $109.52 Million | $10.38 Million | ▲ +122.8% |
| 2022 | 0.04x | $94.46 Million | $4.02 Million | ▼ -2.0% |
| 2021 | 0.04x | $69.53 Million | $3.02 Million | ▼ -56.4% |
| 2020 | 0.10x | $70.33 Million | $7.00 Million | ▼ -33.2% |
| 2019 | 0.15x | $87.61 Million | $13.04 Million | ▼ -42.2% |
| 2018 | 0.26x | $90.41 Million | $23.27 Million | ▲ +517.6% |
| 2017 | 0.04x | $73.51 Million | $3.06 Million | ▼ -66.5% |
| 2016 | 0.12x | $53.98 Million | $6.72 Million | ▲ +251.5% |
| 2015 | 0.04x | $51.40 Million | $1.82 Million | ▼ -53.8% |
| 2014 | 0.08x | $51.34 Million | $3.94 Million | ▼ -54.4% |
| 2013 | 0.17x | $30.90 Million | $5.21 Million | ▲ +21.7% |
| 2012 | 0.14x | $27.88 Million | $3.86 Million | ▼ -7.6% |
| 2011 | 0.15x | $20.87 Million | $3.13 Million | ▼ -41.3% |
| 2010 | 0.26x | $27.07 Million | $6.91 Million | ▲ +27.5% |
| 2009 | 0.20x | $9.87 Million | $1.98 Million | ▲ +43.6% |
| 2008 | 0.14x | $15.48 Million | $2.16 Million | ▲ +153.4% |
| 2007 | 0.06x | $13.22 Million | $728.00K | ▼ -57.7% |
| 2006 | 0.13x | $10.53 Million | $1.37 Million | ▲ +132.7% |
| 2005 | 0.06x | $13.20 Million | $738.00K | ▼ -25.8% |
| 2004 | 0.08x | $15.38 Million | $1.16 Million | ▲ +10.5% |
| 2003 | 0.07x | $19.15 Million | $1.30 Million | ▼ -33.4% |
| 2002 | 0.10x | $8.13 Million | $833.00K | ▼ -25.8% |
| 2001 | 0.14x | $8.56 Million | $1.18 Million | ▼ -72.7% |
| 2000 | 0.51x | $4.58 Million | $2.32 Million | ▲ +220.3% |
| 1999 | 0.16x | $15.20 Million | $2.40 Million | ▲ +75.9% |
| 1998 | 0.09x | $7.80 Million | $700.00K | ▼ -10.3% |
| 1997 | 0.10x | $4.00 Million | $400.00K | — |