Heritage Financial Balance Sheet - Annual (NASDAQ:HFWA)

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$34.75 $0.4 (1.14%) HFWA stock closing price Jul 13, 2018 (Closing)

The financial analysis of a company like Heritage Financial involves checking the three financial statements of the company in detail, of which the balance sheet is one. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Heritage Financial stock analysis. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Heritage Financial had a long term debt of $112.5M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Heritage Financial operating cash flow and Heritage Financial revenue also. Heritage Financial debt to equity ratio is 0.13.

View latest 10 year balance sheet data to check Heritage Financial financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash103.01M103.74M133.35M131.76M146.06M107.08M123.75M168.99M107.23M60.63M
Marketable Securities----------
Receivables2.83B2.62B2.38B2.23B1.21B1B1.01B984.34M750.1M797.47M
Inventory2.28M11.66M7.68M5.58M-1.67M1.82M---
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.93B2.74B2.52B2.37B1.35B1.11B1.14B1.15B858.15M858.4M
Property Plant & Equipment93.36M93.83M88.55M88.71M62.41M50.93M47.96M45.29M38.77M37.03M
Accumulated Depreciation33.03M29.92M26.66M23.77M28.06M26.18M24.98M23.54M22.38M21.31M
Net Property Plant & Equipment
60.32M63.91M61.89M64.93M34.34M24.75M22.97M21.75M16.39M15.72M
Investment & Advances818.87M802.2M816.01M790.84M205.02M159.88M162.28M144.53M107.93M47.56M
Other Non-Current Assets--2.01M3.35M4.55M5.66M4.48M3.03M-2.03M
Deferred Charges-----13.81M10.98M4.25M9.13M4.52M
Intangibles125.11M126.4M127.81M129.91M30.98M14.09M14.52M14.96M13.35M13.43M
Deposits & Other Assets174.41M149.7M119.24M98.16M29.5M15.38M18.54M25.04M9.17M4.45M
Total Assets
4.11B3.88B3.65B3.46B1.66B1.35B1.37B1.37B1.01B946.14M
Notes Payable31.82M22.1M23.21M32.18M29.42M16.02M23.09M19.02M10.44M-
Accounts Payable3.39B3.23B3.11B2.91B1.4B1.12B1.14B1.14B840.12M824.48M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses67.57M46.14M29.89M45.65M14.66M12.61M7.33M10.1M5.79M8.51M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
3.49B3.3B3.16B2.98B1.44B1.15B1.17B1.17B856.36M832.99M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt112.5M99.31M19.42M19.08M------
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
3.6B3.4B3.18B3B1.44B1.15B1.17B1.17B856.36M832.99M
Minority Interest----------
Preferred Stock--------23.48M23.36M
Common Stock Net360.59M359.06M359.45M364.74M138.65M121.83M126.62M128.43M73.53M26.54M
Capital Surplus----------
Retained Earnings149.01M125.3M107.96M86.38M78.26M75.36M74.25M73.64M61.98M63.24M
Treasury Stock----------
Other Liabilities-1.29M-2.6M2.55M3.37M-1.16M1.74M1.64M--0.5M-0.01M
Shareholders Equity508.3M481.76M469.97M454.5M215.76M198.93M202.52M202.27M158.49M113.14M
Total Liabilities & Shareholders Equity4.11B3.88B3.65B3.46B1.66B1.35B1.37B1.37B1.01B946.14M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Heritage Financial stock price, and Heritage Financial historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Heritage Financial PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: HFWA total assets, which was at $4.11B for 2017 is a balance sheet item representing value of what Heritage Financial owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Heritage Financial is $3.6B. Shareholders' equity comes under liabilities as it is money the company owes the holders of HFWA stock.

Heritage Financial Balance Sheet - Key Ratios

Current ratio
0.85
Debt to equity ratio
0.13
Asset turnover ratio
0.05
Receivables turnover
0.07
Price to book ratio
2.21