Heritage Financial Corporation
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of d… Read more
Heritage Financial Corporation (HFWA) - Total Assets
Latest total assets as of December 2025: $6.97 Billion USD
Based on the latest financial reports, Heritage Financial Corporation (HFWA) holds total assets worth $6.97 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Heritage Financial Corporation - Total Assets Trend (1997–2025)
This chart illustrates how Heritage Financial Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Heritage Financial Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Heritage Financial Corporation's total assets of $6.97 Billion consist of 77.7% current assets and 22.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.8% |
| Accounts Receivable | $4.75 Billion | 68.2% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.98 Million | 0.0% |
| Goodwill | $240.94 Million | 3.5% |
Asset Composition Trend (1997–2025)
This chart illustrates how Heritage Financial Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Heritage Financial Corporation's current assets represent 77.7% of total assets in 2025, a decrease from 94.1% in 1997.
- Cash Position: Cash and equivalents constituted 0.8% of total assets in 2025, down from 17.9% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 1997.
- Asset Diversification: The largest asset category is accounts receivable at 68.2% of total assets.
Heritage Financial Corporation Competitors by Total Assets
Key competitors of Heritage Financial Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Heritage Financial Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Heritage Financial Corporation generates 0.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Heritage Financial Corporation generates $ 0.97 in net profit.
Heritage Financial Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.18 | 0.16 | 0.33 |
| Quick Ratio | 1.18 | 0.16 | 0.33 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $830.26 Million | $ -4.78 Billion | $ -4.14 Billion |
Heritage Financial Corporation - Advanced Valuation Insights
This section examines the relationship between Heritage Financial Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.12 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | -2.0% |
| Total Assets | $6.97 Billion |
| Market Capitalization | $1.02 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Heritage Financial Corporation's assets below their book value (0.15 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Heritage Financial Corporation's assets decreased by 2.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Heritage Financial Corporation (1997–2025)
The table below shows the annual total assets of Heritage Financial Corporation from 1997 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $6.97 Billion | -1.96% |
| 2024-12-31 | $7.11 Billion | -0.96% |
| 2023-12-31 | $7.17 Billion | +2.79% |
| 2022-12-31 | $6.98 Billion | -6.09% |
| 2021-12-31 | $7.43 Billion | +12.35% |
| 2020-12-31 | $6.62 Billion | +19.13% |
| 2019-12-31 | $5.55 Billion | +4.44% |
| 2018-12-31 | $5.32 Billion | +29.26% |
| 2017-12-31 | $4.11 Billion | +6.04% |
| 2016-12-31 | $3.88 Billion | +6.25% |
| 2015-12-31 | $3.65 Billion | +5.58% |
| 2014-12-31 | $3.46 Billion | +108.42% |
| 2013-12-31 | $1.66 Billion | +23.30% |
| 2012-12-31 | $1.35 Billion | -1.71% |
| 2011-12-31 | $1.37 Billion | +0.10% |
| 2010-12-31 | $1.37 Billion | +34.77% |
| 2009-12-31 | $1.01 Billion | +7.26% |
| 2008-12-31 | $946.14 Million | +6.78% |
| 2007-12-31 | $886.05 Million | +3.89% |
| 2006-12-31 | $852.89 Million | +13.54% |
| 2005-12-31 | $751.15 Million | +7.73% |
| 2004-12-31 | $697.27 Million | +8.79% |
| 2003-12-31 | $640.92 Million | +7.79% |
| 2002-12-31 | $594.59 Million | -2.47% |
| 2001-12-31 | $609.64 Million | +6.30% |
| 2000-12-31 | $573.53 Million | +12.24% |
| 1999-12-31 | $511.00 Million | +22.87% |
| 1998-12-31 | $415.90 Million | 0.00% |
| 1997-12-31 | $415.90 Million | -- |