Heritage Earning Assets vs Net Debt Analysis

HFWA Stock

USD 18.13 0.25 1.40%

Heritage Financial financial indicator trend analysis is much more than just examining Heritage Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heritage Financial is a good investment. Please check the relationship between Heritage Financial Earning Assets and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

Earning Assets vs Net Debt

Earning Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Financial Earning Assets account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Heritage Financial's Earning Assets and Net Debt is -0.19. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Heritage Financial, assuming nothing else is changed. The correlation between historical values of Heritage Financial's Earning Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Earning Assets of Heritage Financial are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Earning Assets i.e., Heritage Financial's Earning Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Earning Assets

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Heritage Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heritage Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.At present, Heritage Financial's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 14.9 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.30.

	2021	2022	2023	2024 (projected)
Income Before Tax	120.5M	99.4M	72.9M	76.6M
EBITDA	101.9M	102.5M	2.4M	2.3M

Income Before Tax Ebitda

Heritage Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Retained Earnings	Cash	Net Receivables	Common Stock Shares Outstanding	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Other Current Liab	Other Current Assets	Short Term Debt	Common Stock	Other Liab	Accounts Payable
Total Assets		0.49	0.93	-0.24	0.93	0.47	0.97	0.8	0.39	0.99	0.54	0.99	0.79	0.69	-0.32	0.97	0.47	0.97	0.48	-0.54	0.86	-0.23	0.49	0.95	-0.1	0.99
Short Long Term Debt Total	0.49		0.39	0.45	0.67	-0.1	0.54	0.05	0.97	0.52	-0.4	0.45	0.03	0.95	0.61	0.49	-0.48	0.48	0.99	-0.36	0.04	-0.37	1.0	0.36	-0.24	0.57
Total Current Liabilities	0.93	0.39		-0.3	0.89	0.5	0.89	0.73	0.3	0.89	0.57	0.91	0.71	0.58	-0.36	0.92	0.5	0.87	0.38	-0.47	0.79	-0.42	0.39	0.87	-0.14	0.92
Net Debt	-0.24	0.45	-0.3		-0.05	-0.93	-0.05	-0.32	0.45	-0.17	-0.84	-0.21	-0.32	0.33	0.48	-0.19	-0.83	-0.12	0.43	-0.09	-0.49	-0.54	0.43	-0.19	0.28	-0.18
Retained Earnings	0.93	0.67	0.89	-0.05		0.34	0.91	0.58	0.62	0.94	0.29	0.89	0.56	0.84	-0.09	0.89	0.21	0.87	0.68	-0.51	0.69	-0.33	0.68	0.82	-0.29	0.95
Cash	0.47	-0.1	0.5	-0.93	0.34		0.29	0.39	-0.11	0.41	0.79	0.43	0.39	0.02	-0.3	0.41	0.74	0.34	-0.08	-0.05	0.58	0.45	-0.08	0.37	-0.41	0.45
Net Receivables	0.97	0.54	0.89	-0.05	0.91	0.29		0.77	0.44	0.95	0.39	0.97	0.77	0.72	-0.25	0.98	0.33	0.97	0.53	-0.55	0.79	-0.35	0.54	0.95	0.03	0.97
Common Stock Shares Outstanding	0.8	0.05	0.73	-0.32	0.58	0.39	0.77		-0.09	0.77	0.7	0.83	0.98	0.24	-0.63	0.79	0.68	0.82	0.02	-0.43	0.91	-0.16	0.05	0.87	0.21	0.74
Total Liab	0.39	0.97	0.3	0.45	0.62	-0.11	0.44	-0.09		0.41	-0.48	0.35	-0.11	0.92	0.7	0.39	-0.56	0.38	0.98	-0.22	-0.05	-0.29	0.97	0.25	-0.32	0.48
Property Plant And Equipment Gross	0.99	0.52	0.89	-0.17	0.94	0.41	0.95	0.77	0.41		0.49	0.97	0.78	0.72	-0.31	0.94	0.42	0.96	0.52	-0.57	0.84	-0.22	0.53	0.94	-0.12	0.99
Total Current Assets	0.54	-0.4	0.57	-0.84	0.29	0.79	0.39	0.7	-0.48	0.49		0.53	0.7	-0.19	-0.81	0.47	0.99	0.46	-0.4	-0.19	0.79	0.26	-0.39	0.56	-0.08	0.46
Total Stockholder Equity	0.99	0.45	0.91	-0.21	0.89	0.43	0.97	0.83	0.35	0.97	0.53		0.84	0.65	-0.34	0.98	0.47	0.99	0.45	-0.52	0.84	-0.27	0.45	0.99	0.02	0.97
Property Plant And Equipment Net	0.79	0.03	0.71	-0.32	0.56	0.39	0.77	0.98	-0.11	0.78	0.7	0.84		0.23	-0.63	0.8	0.68	0.84	0.01	-0.45	0.9	-0.13	0.03	0.89	0.3	0.74
Non Current Assets Total	0.69	0.95	0.58	0.33	0.84	0.02	0.72	0.24	0.92	0.72	-0.19	0.65	0.23		0.39	0.66	-0.28	0.67	0.96	-0.46	0.29	-0.35	0.95	0.57	-0.28	0.76
Non Currrent Assets Other	-0.32	0.61	-0.36	0.48	-0.09	-0.3	-0.25	-0.63	0.7	-0.31	-0.81	-0.34	-0.63	0.39		-0.26	-0.85	-0.29	0.63	0.17	-0.67	-0.05	0.6	-0.41	-0.17	-0.22
Other Assets	0.97	0.49	0.92	-0.19	0.89	0.41	0.98	0.79	0.39	0.94	0.47	0.98	0.8	0.66	-0.26		0.41	0.97	0.48	-0.5	0.81	-0.31	0.49	0.95	0.04	0.97
Cash And Short Term Investments	0.47	-0.48	0.5	-0.83	0.21	0.74	0.33	0.68	-0.56	0.42	0.99	0.47	0.68	-0.28	-0.85	0.41		0.4	-0.49	-0.14	0.76	0.29	-0.47	0.51	-0.01	0.39
Common Stock Total Equity	0.97	0.48	0.87	-0.12	0.87	0.34	0.97	0.82	0.38	0.96	0.46	0.99	0.84	0.67	-0.29	0.97	0.4		0.48	-0.55	0.8	-0.3	0.48	0.99	0.08	0.96
Non Current Liabilities Total	0.48	0.99	0.38	0.43	0.68	-0.08	0.53	0.02	0.98	0.52	-0.4	0.45	0.01	0.96	0.63	0.48	-0.49	0.48		-0.35	0.04	-0.33	0.99	0.36	-0.28	0.57
Other Stockholder Equity	-0.54	-0.36	-0.47	-0.09	-0.51	-0.05	-0.55	-0.43	-0.22	-0.57	-0.19	-0.52	-0.45	-0.46	0.17	-0.5	-0.14	-0.55	-0.35		-0.43	0.21	-0.35	-0.53	0.03	-0.54
Other Current Liab	0.86	0.04	0.79	-0.49	0.69	0.58	0.79	0.91	-0.05	0.84	0.79	0.84	0.9	0.29	-0.67	0.81	0.76	0.8	0.04	-0.43		0.04	0.06	0.85	-0.05	0.81
Other Current Assets	-0.23	-0.37	-0.42	-0.54	-0.33	0.45	-0.35	-0.16	-0.29	-0.22	0.26	-0.27	-0.13	-0.35	-0.05	-0.31	0.29	-0.3	-0.33	0.21	0.04		-0.34	-0.27	-0.29	-0.24
Short Term Debt	0.49	1.0	0.39	0.43	0.68	-0.08	0.54	0.05	0.97	0.53	-0.39	0.45	0.03	0.95	0.6	0.49	-0.47	0.48	0.99	-0.35	0.06	-0.34		0.35	-0.27	0.58
Common Stock	0.95	0.36	0.87	-0.19	0.82	0.37	0.95	0.87	0.25	0.94	0.56	0.99	0.89	0.57	-0.41	0.95	0.51	0.99	0.36	-0.53	0.85	-0.27	0.35		0.13	0.93
Other Liab	-0.1	-0.24	-0.14	0.28	-0.29	-0.41	0.03	0.21	-0.32	-0.12	-0.08	0.02	0.3	-0.28	-0.17	0.04	-0.01	0.08	-0.28	0.03	-0.05	-0.29	-0.27	0.13		-0.15
Accounts Payable	0.99	0.57	0.92	-0.18	0.95	0.45	0.97	0.74	0.48	0.99	0.46	0.97	0.74	0.76	-0.22	0.97	0.39	0.96	0.57	-0.54	0.81	-0.24	0.58	0.93	-0.15

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Heritage Financial Account Relationship Matchups

Heritage Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.6B	6.6B	7.4B	7.0B	7.2B	7.5B
Short Long Term Debt Total	20.6M	20.9M	21.2M	21.5M	521.8M	547.9M
Total Current Liabilities	3.6B	4.7B	5.5B	5.3B	4.4B	4.6B
Net Debt	(208.0M)	(722.4M)	(1.7B)	(82.1M)	296.8M	311.6M
Retained Earnings	212.5M	224.4M	293.2M	345.3M	376.0M	394.8M
Cash	228.6M	743.3M	1.7B	103.6M	225.0M	194.7M
Net Receivables	14.4M	19.4M	14.7M	18.5M	19.5M	20.5M
Common Stock Shares Outstanding	37.0M	36.2M	36.0M	35.5M	35.3M	20.1M
Liabilities And Stockholders Equity	5.6B	6.6B	7.4B	7.0B	7.2B	7.5B
Total Liab	20.6M	20.9M	21.2M	21.5M	6.3B	6.6B
Property Plant And Equipment Gross	87.9M	85.5M	109.3M	110.2M	111.0M	116.6M
Total Current Assets	1.2B	1.6B	2.6B	1.5B	244.5M	232.3M
Total Stockholder Equity	809.3M	820.4M	854.4M	797.9M	853.3M	895.9M
Property Plant And Equipment Net	87.9M	85.5M	79.4M	76.9M	74.9M	44.2M
Non Current Assets Total	1.3B	1.1B	1.6B	2.4B	6.9B	7.3B
Non Currrent Assets Other	(1.3B)	(1.1B)	(1.6B)	(2.4B)	439.4M	461.4M
Other Assets	3.1B	3.9B	3.2B	3.1B	3.6B	3.7B
Cash And Short Term Investments	1.2B	1.5B	2.6B	1.4B	(55.9M)	(53.1M)
Common Stock Total Equity	586.5M	571.0M	551.8M	552.4M	635.3M	667.0M
Non Current Liabilities Total	20.6M	20.9M	21.2M	21.5M	1.9B	2.0B
Other Stockholder Equity	378K	25.0M	9.4M	(99.9M)	(89.9M)	(85.4M)
Accumulated Other Comprehensive Income	10.4M	25.0M	9.4M	(99.9M)	(72.5M)	(68.9M)
Other Current Liab	3.5B	4.7B	5.4B	5.3B	3.9B	2.2B
Other Current Assets	243.9M	762.7M	1.7B	122.1M	244.5M	232.3M
Short Term Debt	25.0M	39.2M	55.6M	51.3M	505.2M	530.4M
Common Stock	586.5M	571.0M	551.8M	552.4M	549.7M	577.2M
Other Liab	55.5M	40.4M	(25.5M)	2.2M	2.5M	2.3M
Accounts Payable	4.6B	5.6B	6.4B	5.9B	6.8B	7.1B
Short Term Investments	952.3M	802.2M	894.3M	1.3B	1.1B	1.2B
Inventory	(243.9M)	(762.7M)	(1.7B)	(122.1M)	(4.3B)	(4.0B)
Intangible Assets	16.6M	13.1M	10.0M	7.2M	4.8M	7.7M
Property Plant Equipment	87.9M	85.5M	79.4M	76.9M	88.5M	44.7M
Long Term Debt	20.6M	20.9M	21.2M	21.5M	21.8M	18.7M
Net Tangible Assets	551.8M	566.4M	603.5M	549.7M	632.2M	433.9M
Retained Earnings Total Equity	212.5M	224.4M	293.2M	345.3M	397.1M	417.0M
Long Term Investments	3.7B	4.4B	1.3B	2.1B	1.9B	2.5B
Non Current Liabilities Other	140.4M	176.0M	175.5M	235.9M	271.3M	284.8M
Long Term Debt Total	20.6M	20.9M	21.2M	21.5M	24.7M	22.3M

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When determining whether Heritage Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Heritage Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heritage Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heritage Financial Stock:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Financial's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Heritage Financial's price analysis, check to measure Heritage Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Financial is operating at the current time. Most of Heritage Financial's value examination focuses on studying past and present price action to predict the probability of Heritage Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Financial's price. Additionally, you may evaluate how the addition of Heritage Financial to your portfolios can decrease your overall portfolio volatility.

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Is Heritage Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Financial. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.72)

Dividend Share

0.89

Earnings Share

1.33

Revenue Per Share

6.309

Quarterly Revenue Growth

(0.29)

The market value of Heritage Financial is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Financial's value that differs from its market value or its book value, called intrinsic value, which is Heritage Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Financial's market value can be influenced by many factors that don't directly affect Heritage Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Heritage Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Heritage Earning Assets vs Net Debt Analysis

Earning Assets vs Net Debt

Earning Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Earning Assets

Net Debt

Heritage Financial fundamental ratios Correlations

Heritage Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Financial fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Short Term Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Property Plant And Equipment Gross

Cash	- 0.93	Net Debt
Cash And Short Term Investments	- 0.85	Non Currrent Assets Other
Total Current Assets	- 0.84	Net Debt
Cash And Short Term Investments	- 0.83	Net Debt
Non Currrent Assets Other	- 0.81	Total Current Assets
Other Current Liab	- 0.67	Non Currrent Assets Other