Heritage Financial Corporation (HFWA) — Tangible Net Worth Ratio
Heritage Financial Corporation (HFWA) has a Tangible Net Worth Ratio of 95.5% as of March 2026. This metric is calculated by deducting intangible assets ($50.23 Million) from net assets ($1.12 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is Heritage Financial Corporation's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Heritage Financial Corporation Tangible Net Worth Ratio (1997–2025)
This chart shows how Heritage Financial Corporation's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 95.5%, reflecting net assets of $1.12 Billion with intangible assets of $50.23 Million USD. See Heritage Financial Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Heritage Financial Corporation (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Heritage Financial Corporation from 1997 to 2025, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see HFWA market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | $921.50 Million | $1.98 Million | $6.97 Billion | ▲ +0.2 pp |
| 2024 | 99.6% | $863.53 Million | $3.15 Million | $7.11 Billion | ▲ +0.2 pp |
| 2023 | 99.4% | $853.26 Million | $4.79 Million | $7.17 Billion | ▼ -0.5 pp |
| 2022 | 99.9% | $6.96 Billion | $7.23 Million | $6.98 Billion | ▲ +0.0 pp |
| 2021 | 99.9% | $7.41 Billion | $9.98 Million | $7.43 Billion | ▲ +0.1 pp |
| 2020 | 99.8% | $6.59 Billion | $13.09 Million | $6.62 Billion | ▲ +0.1 pp |
| 2019 | 99.7% | $5.53 Billion | $16.61 Million | $5.55 Billion | ▲ +0.1 pp |
| 2018 | 99.6% | $5.30 Billion | $20.61 Million | $5.32 Billion | ▼ -0.2 pp |
| 2017 | 99.8% | $4.00 Billion | $6.09 Million | $4.11 Billion | ▲ +0.0 pp |
| 2016 | 99.8% | $3.78 Billion | $7.37 Million | $3.88 Billion | ▲ +0.0 pp |
| 2015 | 99.8% | $3.63 Billion | $8.79 Million | $3.65 Billion | ▲ +0.1 pp |
| 2014 | 99.7% | $3.44 Billion | $10.89 Million | $3.46 Billion | ▲ +0.4 pp |
| 2013 | 99.3% | $215.76 Million | $1.61 Million | $1.66 Billion | ▼ -0.2 pp |
| 2012 | 99.5% | $198.94 Million | $1.09 Million | $1.35 Billion | ▲ +0.2 pp |
| 2011 | 99.3% | $202.52 Million | $1.51 Million | $1.37 Billion | ▲ +0.2 pp |
| 2010 | 99.0% | $202.28 Million | $1.95 Million | $1.37 Billion | ▼ -0.7 pp |
| 2009 | 99.8% | $158.50 Million | $346.00K | $1.01 Billion | ▲ +0.2 pp |
| 2008 | 99.6% | $113.15 Million | $424.00K | $946.14 Million | ▲ +0.2 pp |
| 2007 | 99.4% | $84.97 Million | $502.00K | $886.05 Million | ▲ +4.9 pp |
| 2006 | 94.5% | $78.64 Million | $4.30 Million | $852.89 Million | ▼ -0.1 pp |
| 2005 | 94.6% | $66.12 Million | $3.57 Million | $751.15 Million | ▼ -0.6 pp |
| 2004 | 95.2% | $60.94 Million | $2.95 Million | $697.27 Million | ▼ -0.4 pp |
| 2003 | 95.5% | $62.23 Million | $2.78 Million | $640.92 Million | ▼ -0.5 pp |
| 2002 | 96.0% | $72.40 Million | $2.88 Million | $594.59 Million | ▲ +0.1 pp |
| 2001 | 95.9% | $78.53 Million | $3.20 Million | $609.64 Million | ▲ +0.4 pp |
| 2000 | 95.6% | $83.00 Million | $3.69 Million | $573.53 Million | ▼ -1.4 pp |
| 1999 | 97.0% | $95.30 Million | $2.90 Million | $511.00 Million | ▼ -0.6 pp |
| 1998 | 97.6% | $93.90 Million | $2.30 Million | $415.90 Million | ▼ -2.4 pp |
| 1997 | 100.0% | $93.90 Million | $0.00 | $415.90 Million | — |