Heritage Financial Corporation Cash Flow Quality Index
Heritage Financial Corporation cash flow quality index. Heritage Financial Corporation (HFWA) has a Cash Flow Quality Index of 1.32x as of June 2026. Operating cash flow of $23.09 Million exceeds net income of $17.55 Million, indicating high earnings quality where cash backs reported profits. See HFWA FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Heritage Financial Corporation (1997–2025)
Cash flow quality index of Heritage Financial Corporation from 1997 to 2025. Historical Cash Flow Quality Index for Heritage Financial Corporation across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore how well can Heritage Financial Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Heritage Financial Corporation Cash Flow Quality Index by Year (1997–2025)
Heritage Financial Corporation cash flow quality index by year from 1997 to 2025. Year-by-year earnings quality comparison for Heritage Financial Corporation. For the full cash flow conversion analysis, see HFWA operating cash flow.
| 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 | — |