Heritage Financial Corporation (HFWA) — Working Capital to Net Assets Ratio
Heritage Financial Corporation (HFWA) has a Working Capital to Net Assets ratio of 606.4% as of March 2026. Working capital of $6.77 Billion (current assets of $6.79 Billion minus current liabilities of $20.00 Million) is measured against net assets of $1.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Heritage Financial Corporation to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Heritage Financial Corporation Working Capital to Net Assets (1997–2025)
This chart shows how Heritage Financial Corporation's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 606.4%, reflecting working capital of $6.77 Billion against net assets of $1.12 Billion USD. See HFWA defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Heritage Financial Corporation (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Heritage Financial Corporation from 1997 to 2025, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Heritage Financial Corporation (HFWA) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 90.1% | $830.26 Million | $921.50 Million | $5.41 Billion | $4.58 Billion | ▲ +644.1 pp |
| 2024 | -554.0% | $-4.78 Billion | $863.53 Million | $900.98 Million | $5.68 Billion | ▼ -59.3 pp |
| 2023 | -494.7% | $-4.22 Billion | $853.26 Million | $1.38 Billion | $5.60 Billion | ▼ -439.2 pp |
| 2022 | -55.5% | $-3.86 Billion | $6.96 Billion | $1.45 Billion | $5.32 Billion | ▼ -17.4 pp |
| 2021 | -38.1% | $-2.82 Billion | $7.41 Billion | $2.63 Billion | $5.45 Billion | ▲ +9.5 pp |
| 2020 | -47.5% | $-3.13 Billion | $6.59 Billion | $1.56 Billion | $4.70 Billion | ▼ -4.5 pp |
| 2019 | -43.0% | $-2.38 Billion | $5.53 Billion | $1.20 Billion | $3.57 Billion | ▲ +0.9 pp |
| 2018 | -43.9% | $-2.32 Billion | $5.30 Billion | $1.15 Billion | $3.48 Billion | ▼ -1.5 pp |
| 2017 | -42.4% | $-1.69 Billion | $4.00 Billion | $925.79 Million | $2.62 Billion | ▼ -1.0 pp |
| 2016 | -41.3% | $-1.56 Billion | $3.78 Billion | $909.32 Million | $2.47 Billion | ▼ -67.0 pp |
| 2015 | 25.7% | $932.51 Million | $3.63 Billion | $955.70 Million | $23.18 Million | ▲ +1.2 pp |
| 2014 | 24.4% | $840.16 Million | $3.44 Billion | $884.44 Million | $44.28 Million | ▲ +536.9 pp |
| 2013 | -512.5% | $-1.11 Billion | $215.76 Million | $337.58 Million | $1.44 Billion | ▼ -76.0 pp |
| 2012 | -436.5% | $-868.29 Million | $198.94 Million | $278.31 Million | $1.15 Billion | ▲ +0.4 pp |
| 2011 | -436.9% | $-884.80 Million | $202.52 Million | $281.67 Million | $1.17 Billion | ▲ +50.0 pp |
| 2010 | -486.9% | $-984.80 Million | $202.28 Million | $180.60 Million | $1.17 Billion | ▼ -22.5 pp |
| 2009 | -464.3% | $-735.94 Million | $158.50 Million | $120.42 Million | $856.36 Million | ▲ +210.7 pp |
| 2008 | -675.0% | $-763.74 Million | $113.15 Million | $69.25 Million | $833.00 Million | ▲ +199.5 pp |
| 2007 | -874.5% | $-743.08 Million | $84.97 Million | $43.02 Million | $786.10 Million | ▲ +9.5 pp |
| 2006 | -884.0% | $-695.19 Million | $78.64 Million | $30.73 Million | $725.92 Million | ▲ +91.2 pp |
| 2005 | -975.3% | $-644.84 Million | $66.12 Million | $31.57 Million | $676.40 Million | ▲ +18.9 pp |
| 2004 | -994.2% | $-605.89 Million | $60.94 Million | $22.29 Million | $628.18 Million | ▼ -122.9 pp |
| 2003 | -871.3% | $-542.22 Million | $62.23 Million | $30.71 Million | $572.93 Million | ▼ -213.5 pp |
| 2002 | -657.8% | $-476.24 Million | $72.40 Million | $40.87 Million | $517.12 Million | ▼ -54.1 pp |
| 2001 | -603.7% | $-474.11 Million | $78.53 Million | $48.97 Million | $523.08 Million | ▼ -51.7 pp |
| 2000 | -552.0% | $-458.20 Million | $83.00 Million | $25.16 Million | $483.36 Million | ▼ -145.5 pp |
| 1999 | -406.5% | $-387.40 Million | $95.30 Million | $21.40 Million | $408.80 Million | ▼ -151.6 pp |
| 1998 | -255.0% | $-239.40 Million | $93.90 Million | $76.90 Million | $316.30 Million | ▼ -330.0 pp |
| 1997 | 75.1% | $70.50 Million | $93.90 Million | $391.40 Million | $320.90 Million | — |