Hercules Capital Inc (HTGC) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Hercules Capital Inc (HTGC) has a cash flow conversion efficiency ratio of 0.036x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($79.41 Million) by net assets ($2.19 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Hercules Capital Inc - Cash Flow Conversion Efficiency Trend (2004–2024)
This chart illustrates how Hercules Capital Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read HTGC total liabilities for a breakdown of total debt and financial obligations.
Hercules Capital Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Hercules Capital Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Zhuzhou Hongda Electronics Corp Ltd Class A
SHE:300726
|
-0.001x |
|
Hand Enterprise Solutions Co
SHE:300170
|
-0.011x |
|
Applied Opt
NASDAQ:AAOI
|
-0.051x |
|
Honeywell Automation India Limited
NSE:HONAUT
|
0.058x |
|
Solvay SA
BR:SOLB
|
0.144x |
|
Patrick Industries Inc
NASDAQ:PATK
|
0.110x |
|
Risen Energy
SHE:300118
|
0.059x |
|
Wuhan Raycus Fiber Laser Technologies Co Ltd Class A
SHE:300747
|
0.033x |
Annual Cash Flow Conversion Efficiency for Hercules Capital Inc (2004–2024)
The table below shows the annual cash flow conversion efficiency of Hercules Capital Inc from 2004 to 2024. For the full company profile with market capitalisation and key ratios, see HTGC market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $1.99 Billion | $-118.09 Million | -0.059x | -256.71% |
| 2023-12-31 | $1.80 Billion | $68.28 Million | 0.038x | +112.50% |
| 2022-12-31 | $1.40 Billion | $-424.80 Million | -0.303x | -408.38% |
| 2021-12-31 | $1.31 Billion | $128.62 Million | 0.098x | -38.90% |
| 2020-12-31 | $1.29 Billion | $207.80 Million | 0.161x | +175.74% |
| 2019-12-31 | $1.13 Billion | $-240.66 Million | -0.212x | +18.49% |
| 2018-12-31 | $955.44 Million | $-248.97 Million | -0.261x | -1090.98% |
| 2017-12-31 | $840.97 Million | $-18.40 Million | -0.022x | +87.54% |
| 2016-12-31 | $787.94 Million | $-138.38 Million | -0.176x | -10.13% |
| 2015-12-31 | $717.13 Million | $-114.36 Million | -0.159x | -296.02% |
| 2014-12-31 | $658.86 Million | $-26.53 Million | -0.040x | -125.27% |
| 2013-12-31 | $650.01 Million | $103.59 Million | 0.159x | +142.40% |
| 2012-12-31 | $515.97 Million | $-193.94 Million | -0.376x | -16.12% |
| 2011-12-31 | $431.04 Million | $-139.53 Million | -0.324x | -43.24% |
| 2010-12-31 | $412.65 Million | $-93.25 Million | -0.226x | -136.66% |
| 2009-12-31 | $366.51 Million | $225.93 Million | 0.616x | +956.45% |
| 2008-12-31 | $382.46 Million | $-27.53 Million | -0.072x | +85.66% |
| 2007-12-31 | $400.74 Million | $-201.11 Million | -0.502x | -40.47% |
| 2006-12-31 | $255.41 Million | $-91.25 Million | -0.357x | +73.84% |
| 2005-12-31 | $114.35 Million | $-156.15 Million | -1.366x | -93.27% |
| 2004-12-31 | $25.08 Million | $-17.72 Million | -0.707x | -- |
About Hercules Capital Inc
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, rec… Read more