To the full analysis
Hercules Capital stock: balance sheet and debt
HTGCHercules Capital has total assets of $4.58B and an equity ratio of 48.3%.
Daily figure as of 13 Nov 2026
Debt / Equity
1.04
Interest coverage
no data
Current ratio
1.44
Cash & equivalents
$56.87M
Total assets
$4.58B
Equity ratio
48.3%
Goodwill
not reported separately
For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Total assets and equity ratio
How large the balance sheet of Hercules Capital, Inc. is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio |
|---|---|---|---|---|
| 2006 | $301.14M | not reported separately | not reported separately | 84.8% |
| 2007 | $541.94M | not reported separately | not reported separately | 73.9% |
| 2008 | $608.67M | not reported separately | not reported separately | 62.8% |
| 2009 | $508.97M | not reported separately | not reported separately | 72.0% |
| 2010 | $591.37M | not reported separately | not reported separately | 69.8% |
| 2011 | $747.39M | not reported separately | not reported separately | 57.7% |
| 2012 | $1.12B | not reported separately | not reported separately | 45.9% |
| 2013 | $1.22B | not reported separately | not reported separately | 53.2% |
| 2014 | $1.3B | not reported separately | not reported separately | 50.7% |
| 2015 | $1.32B | not reported separately | not reported separately | 54.2% |
| 2016 | $1.46B | not reported separately | not reported separately | 53.8% |
| 2017 | $1.65B | not reported separately | not reported separately | 50.8% |
| 2018 | $1.95B | not reported separately | not reported separately | 49.1% |
| 2019 | $2.46B | not reported separately | not reported separately | 46.0% |
| 2020 | $2.62B | not reported separately | not reported separately | 49.2% |
| 2021 | $2.6B | not reported separately | not reported separately | 50.3% |
| 2022 | $3.03B | not reported separately | not reported separately | 46.3% |
| 2023 | $3.42B | not reported separately | not reported separately | 52.8% |
| 2024 | $3.83B | not reported separately | not reported separately | 51.9% |
| 2025 | $4.58B | not reported separately | not reported separately | 48.3% |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is not shown for banks, insurers and other financial companies: for them, cash and bonds are part of the business and are not available to pay down debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Bonds and loans (excluding deposits)
Figures as a table
| Year | Cash & equivalents | Equity | Bonds and loans (excluding deposits) | Debt / Equity |
|---|---|---|---|---|
| 2006 | $16.4M | $255.41M | $82M | 0.32 |
| 2007 | $7.86M | $400.74M | $134.25M | 0.34 |
| 2008 | $17.24M | $382.46M | $216.78M | 0.57 |
| 2009 | $124.83M | $366.52M | $130.6M | 0.36 |
| 2010 | $107.01M | $412.66M | $170M | 0.41 |
| 2011 | $64.47M | $431.04M | $305.54M | 0.71 |
| 2012 | $182.99M | $515.97M | $596.1M | 1.16 |
| 2013 | $268.37M | $650.01M | $557.44M | 0.86 |
| 2014 | $227.12M | $658.86M | $626.26M | 0.95 |
| 2015 | $95.2M | $717.13M | $589.61M | 0.82 |
| 2016 | $13.04M | $787.94M | $654.8M | 0.83 |
| 2017 | $91.31M | $840.97M | $786.85M | 0.94 |
| 2018 | $34.21M | $955.44M | $963.79M | 1.01 |
| 2019 | $64.39M | $1.13B | $1.3B | 1.15 |
| 2020 | $198.28M | $1.29B | $1.3B | 1 |
| 2021 | $133.12M | $1.31B | $1.24B | 0.95 |
| 2022 | $15.8M | $1.4B | $1.58B | 1.13 |
| 2023 | $98.9M | $1.8B | $1.56B | 0.87 |
| 2024 | $113.12M | $1.99B | $1.79B | 0.9 |
| 2025 | $56.87M | $2.22B | $2.3B | 1.04 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 11 Nov 2026, previously Strong
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.