Heritage Net Income vs Free Cash Flow Analysis

HFWA Stock

USD 24.37 0.65 2.74%

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 Net Income and its Free Cash Flow 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 closely tied 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.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Financial Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Heritage Financial's Net Income and Free Cash Flow is 0.84. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow 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 Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Heritage Financial are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Heritage Financial's Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Heritage Financial financial statement analysis. It represents the amount of money remaining after all of Heritage Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 closely tied 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)
Interest Expense	7.0M	8.1M	59.3M	62.3M
Depreciation And Amortization	8.4M	8.2M	5.6M	5.2M

Interest Expense Depreciation And Amortization

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		0.24	0.93	-0.46	0.93	0.47	0.97	0.8	0.39	0.99	0.75	0.99	0.79	0.69	0.23	0.24	0.78	0.97	0.48	-0.54	0.86	-0.23	0.49	0.95	-0.1	0.99
Short Long Term Debt Total	0.24		0.23	-0.06	0.02	0.13	0.22	0.52	-0.41	0.22	0.4	0.22	0.49	-0.2	-0.46	0.54	0.43	0.21	-0.33	-0.24	0.39	-0.1	-0.2	0.28	0.3	0.18
Total Current Liabilities	0.93	0.23		-0.49	0.89	0.5	0.89	0.73	0.3	0.89	0.75	0.91	0.71	0.58	0.14	0.31	0.75	0.87	0.38	-0.47	0.79	-0.42	0.39	0.87	-0.14	0.92
Net Debt	-0.46	-0.06	-0.49		-0.34	-1.0	-0.28	-0.36	0.08	-0.4	-0.79	-0.42	-0.36	-0.03	0.14	-0.38	-0.78	-0.33	0.05	0.04	-0.56	-0.47	0.07	-0.36	0.43	-0.44
Retained Earnings	0.93	0.02	0.89	-0.34		0.34	0.91	0.58	0.62	0.94	0.56	0.89	0.56	0.84	0.46	-0.04	0.59	0.87	0.68	-0.51	0.69	-0.33	0.68	0.82	-0.29	0.95
Cash	0.47	0.13	0.5	-1.0	0.34		0.29	0.39	-0.11	0.41	0.82	0.43	0.39	0.02	-0.16	0.41	0.8	0.34	-0.08	-0.05	0.58	0.45	-0.08	0.37	-0.41	0.45
Net Receivables	0.97	0.22	0.89	-0.28	0.91	0.29		0.77	0.44	0.95	0.62	0.97	0.77	0.72	0.29	0.2	0.65	0.97	0.53	-0.55	0.79	-0.35	0.54	0.95	0.03	0.97
Common Stock Shares Outstanding	0.8	0.52	0.73	-0.36	0.58	0.39	0.77		-0.09	0.77	0.81	0.83	0.98	0.24	-0.22	0.61	0.84	0.82	0.02	-0.43	0.91	-0.16	0.05	0.87	0.21	0.74
Total Liab	0.39	-0.41	0.3	0.08	0.62	-0.11	0.44	-0.09		0.41	-0.15	0.35	-0.11	0.92	0.97	-0.77	-0.13	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	0.22	0.89	-0.4	0.94	0.41	0.95	0.77	0.41		0.72	0.97	0.78	0.72	0.26	0.18	0.74	0.96	0.52	-0.57	0.84	-0.22	0.53	0.94	-0.12	0.99
Total Current Assets	0.75	0.4	0.75	-0.79	0.56	0.82	0.62	0.81	-0.15	0.72		0.73	0.8	0.15	-0.28	0.61	0.99	0.67	-0.06	-0.34	0.9	0.16	-0.05	0.73	-0.19	0.7
Total Stockholder Equity	0.99	0.22	0.91	-0.42	0.89	0.43	0.97	0.83	0.35	0.97	0.73		0.84	0.65	0.2	0.29	0.76	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	0.49	0.71	-0.36	0.56	0.39	0.77	0.98	-0.11	0.78	0.8	0.84		0.23	-0.23	0.62	0.82	0.84	0.01	-0.45	0.9	-0.13	0.03	0.89	0.3	0.74
Non Current Assets Total	0.69	-0.2	0.58	-0.03	0.84	0.02	0.72	0.24	0.92	0.72	0.15	0.65	0.23		0.84	-0.53	0.18	0.67	0.96	-0.46	0.29	-0.35	0.95	0.57	-0.28	0.76
Non Currrent Assets Other	0.23	-0.46	0.14	0.14	0.46	-0.16	0.29	-0.22	0.97	0.26	-0.28	0.2	-0.23	0.84		-0.85	-0.26	0.24	0.96	-0.18	-0.21	-0.24	0.94	0.11	-0.27	0.33
Other Assets	0.24	0.54	0.31	-0.38	-0.04	0.41	0.2	0.61	-0.77	0.18	0.61	0.29	0.62	-0.53	-0.85		0.61	0.24	-0.72	-0.03	0.59	0.1	-0.69	0.37	0.35	0.14
Cash And Short Term Investments	0.78	0.43	0.75	-0.78	0.59	0.8	0.65	0.84	-0.13	0.74	0.99	0.76	0.82	0.18	-0.26	0.61		0.7	-0.04	-0.34	0.93	0.17	-0.02	0.75	-0.17	0.73
Common Stock Total Equity	0.97	0.21	0.87	-0.33	0.87	0.34	0.97	0.82	0.38	0.96	0.67	0.99	0.84	0.67	0.24	0.24	0.7		0.48	-0.55	0.8	-0.3	0.48	0.99	0.08	0.96
Non Current Liabilities Total	0.48	-0.33	0.38	0.05	0.68	-0.08	0.53	0.02	0.98	0.52	-0.06	0.45	0.01	0.96	0.96	-0.72	-0.04	0.48		-0.34	0.05	-0.32	0.99	0.36	-0.29	0.57
Other Stockholder Equity	-0.54	-0.24	-0.47	0.04	-0.51	-0.05	-0.55	-0.43	-0.22	-0.57	-0.34	-0.52	-0.45	-0.46	-0.18	-0.03	-0.34	-0.55	-0.34		-0.43	0.21	-0.35	-0.53	0.03	-0.54
Other Current Liab	0.86	0.39	0.79	-0.56	0.69	0.58	0.79	0.91	-0.05	0.84	0.9	0.84	0.9	0.29	-0.21	0.59	0.93	0.8	0.05	-0.43		0.04	0.06	0.85	-0.05	0.81
Other Current Assets	-0.23	-0.1	-0.42	-0.47	-0.33	0.45	-0.35	-0.16	-0.29	-0.22	0.16	-0.27	-0.13	-0.35	-0.24	0.1	0.17	-0.3	-0.32	0.21	0.04		-0.34	-0.27	-0.29	-0.24
Short Term Debt	0.49	-0.2	0.39	0.07	0.68	-0.08	0.54	0.05	0.97	0.53	-0.05	0.45	0.03	0.95	0.94	-0.69	-0.02	0.48	0.99	-0.35	0.06	-0.34		0.35	-0.27	0.58
Common Stock	0.95	0.28	0.87	-0.36	0.82	0.37	0.95	0.87	0.25	0.94	0.73	0.99	0.89	0.57	0.11	0.37	0.75	0.99	0.36	-0.53	0.85	-0.27	0.35		0.13	0.93
Other Liab	-0.1	0.3	-0.14	0.43	-0.29	-0.41	0.03	0.21	-0.32	-0.12	-0.19	0.02	0.3	-0.28	-0.27	0.35	-0.17	0.08	-0.29	0.03	-0.05	-0.29	-0.27	0.13		-0.15
Accounts Payable	0.99	0.18	0.92	-0.44	0.95	0.45	0.97	0.74	0.48	0.99	0.7	0.97	0.74	0.76	0.33	0.14	0.73	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	45.6M	60.1M	76.8M	72.8M	21.8M	20.7M
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)	(203.2M)	(213.4M)
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	1.2B	603.6M
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)	4.7B	5.0B
Other Assets	3.1B	3.9B	3.2B	3.1B	(945.7M)	(898.4M)
Cash And Short Term Investments	1.2B	1.5B	2.6B	1.4B	1.2B	602.3M
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	6.3B	6.6B
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

Details

Is Heritage Stock a good investment?

Details

What is Heritage Financial's Net Worth?

Details

Largest Regional Banks Companies

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Largest Banks - Regional Companies

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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 closely tied 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Regional Banks space 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

(0.35)

Dividend Share

0.91

Earnings Share

1.08

Revenue Per Share

5.885

Quarterly Revenue Growth

(0.17)

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 Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

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

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Property Plant And Equipment Gross
Cash And Short Term Investments	+ 0.99	Total Current Assets
Common Stock Total Equity	+ 0.99	Total Stockholder Equity

Cash	- 1.0	Net Debt
Other Assets	- 0.85	Non Currrent Assets Other
Total Current Assets	- 0.79	Net Debt
Cash And Short Term Investments	- 0.78	Net Debt
Other Assets	- 0.77	Total Liab
Non Current Liabilities Total	- 0.72	Other Assets