Heritage Financial Corporation (HFWA) — Cash Flow Quality Index
Heritage Financial Corporation (HFWA) has a Cash Flow Quality Index of 0.74x as of March 2026. Operating cash flow of $13.97 Million is below net income of $18.95 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how much of Heritage Financial Corporation's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Heritage Financial Corporation Cash Flow Quality Index (1997–2025)
Historical Cash Flow Quality Index for Heritage Financial Corporation across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Heritage Financial Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Heritage Financial Corporation (1997–2025)
Year-by-year earnings quality comparison for Heritage Financial Corporation. For live market cap and the full company financial profile, see HFWA stock market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.40x | $94.82 Million | $67.53 Million | ▼ -5.8% |
| 2024 | 1.49x | $64.48 Million | $43.26 Million | ▼ -15.9% |
| 2023 | 1.77x | $109.52 Million | $61.76 Million | ▲ +53.7% |
| 2022 | 1.15x | $94.46 Million | $81.88 Million | ▲ +62.7% |
| 2021 | 0.71x | $69.53 Million | $98.03 Million | ▼ -53.0% |
| 2020 | 1.51x | $70.33 Million | $46.57 Million | ▲ +16.4% |
| 2019 | 1.30x | $87.61 Million | $67.56 Million | ▼ -23.9% |
| 2018 | 1.70x | $90.41 Million | $53.06 Million | ▼ -3.1% |
| 2017 | 1.76x | $73.51 Million | $41.79 Million | ▲ +26.8% |
| 2016 | 1.39x | $53.98 Million | $38.92 Million | ▲ +1.2% |
| 2015 | 1.37x | $51.40 Million | $37.49 Million | ▼ -43.9% |
| 2014 | 2.44x | $51.34 Million | $21.01 Million | ▼ -24.3% |
| 2013 | 3.23x | $30.90 Million | $9.57 Million | ▲ +53.5% |
| 2012 | 2.10x | $27.88 Million | $13.26 Million | ▼ -34.3% |
| 2011 | 3.20x | $20.87 Million | $6.52 Million | ▲ +58.0% |
| 2010 | 2.03x | $27.07 Million | $13.35 Million | ▼ -88.1% |
| 2009 | 16.98x | $9.87 Million | $581.00K | ▲ +596.5% |
| 2008 | 2.44x | $15.48 Million | $6.35 Million | ▲ +97.5% |
| 2007 | 1.23x | $13.22 Million | $10.71 Million | ▲ +23.6% |
| 2006 | 1.00x | $10.53 Million | $10.55 Million | ▼ -20.8% |
| 2005 | 1.26x | $13.20 Million | $10.48 Million | ▼ -21.4% |
| 2004 | 1.60x | $15.38 Million | $9.59 Million | ▼ -25.4% |
| 2003 | 2.15x | $19.15 Million | $8.90 Million | ▲ +149.2% |
| 2002 | 0.86x | $8.13 Million | $9.42 Million | ▼ -29.8% |
| 2001 | 1.23x | $8.56 Million | $6.96 Million | ▲ +60.2% |
| 2000 | 0.77x | $4.58 Million | $5.97 Million | ▼ -72.7% |
| 1999 | 2.81x | $15.20 Million | $5.40 Million | ▲ +55.2% |
| 1998 | 1.81x | $7.80 Million | $4.30 Million | ▲ +63.3% |
| 1997 | 1.11x | $4.00 Million | $3.60 Million | — |