Heritage Global Inc (HGBL) — Cash Flow Quality Index
Heritage Global Inc (HGBL) has a Cash Flow Quality Index of -3.03x as of March 2026. Operating cash flow of $-2.18 Million is below net income of $717.00K, suggesting accrual-heavy earnings not yet converted to cash. Explore HGBL operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Heritage Global Inc Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Heritage Global Inc across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Heritage Global Inc (HGBL) cash conversion ratio.
Annual Cash Flow Quality Index for Heritage Global Inc (1990–2025)
Year-by-year earnings quality comparison for Heritage Global Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.71x | $6.14 Million | $3.59 Million | ▲ +14.5% |
| 2024 | 1.49x | $7.75 Million | $5.18 Million | ▲ +43.2% |
| 2023 | 1.04x | $13.02 Million | $12.47 Million | ▲ +149.4% |
| 2022 | 0.42x | $6.48 Million | $15.49 Million | ▲ +148.6% |
| 2021 | -0.86x | $-2.63 Million | $3.05 Million | ▼ -191.0% |
| 2020 | 0.95x | $9.15 Million | $9.66 Million | ▲ +365.1% |
| 2019 | 0.20x | $794.00K | $3.90 Million | ▼ -89.8% |
| 2018 | 1.99x | $7.47 Million | $3.75 Million | ▼ -99.3% |
| 2016 | 279.57x | $3.91 Million | $14.00K | ▲ +211859.4% |
| 2011 | 0.13x | $4.05 Million | $30.71 Million | ▼ -82.0% |
| 2010 | 0.73x | $4.55 Million | $6.21 Million | ▼ -24.6% |
| 2008 | 0.97x | $5.68 Million | $5.84 Million | ▼ -96.8% |
| 1993 | 30.00x | $300.00K | $10.00K | ▲ +140.0% |
| 1992 | 12.50x | $500.00K | $40.00K | ▼ -36.9% |
| 1990 | 19.80x | $990.00K | $50.00K | — |