Hercules Capital Inc (HTGC) — Cash Flow Quality Index
Hercules Capital Inc (HTGC) has a Cash Flow Quality Index of 0.67x as of September 2025. Operating cash flow of $79.41 Million is below net income of $118.79 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HTGC 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
Hercules Capital Inc Cash Flow Quality Index (2005–2024)
Historical Cash Flow Quality Index for Hercules Capital Inc across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Hercules Capital Inc.
Annual Cash Flow Quality Index for Hercules Capital Inc (2005–2024)
Year-by-year earnings quality comparison for Hercules Capital Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | -3.75x | $-118.09 Million | $31.49 Million | ▼ -1953.8% |
| 2023 | 0.20x | $68.28 Million | $337.48 Million | ▲ +104.9% |
| 2022 | -4.16x | $-424.80 Million | $102.08 Million | ▼ -663.5% |
| 2021 | 0.74x | $128.62 Million | $174.16 Million | ▼ -19.2% |
| 2020 | 0.91x | $207.80 Million | $227.26 Million | ▲ +166.0% |
| 2019 | -1.39x | $-240.66 Million | $173.60 Million | ▲ +57.4% |
| 2018 | -3.25x | $-248.97 Million | $76.50 Million | ▼ -1297.4% |
| 2017 | -0.23x | $-18.40 Million | $79.00 Million | ▲ +88.4% |
| 2016 | -2.01x | $-138.38 Million | $68.70 Million | ▲ +24.4% |
| 2015 | -2.66x | $-114.36 Million | $42.92 Million | ▼ -615.0% |
| 2014 | -0.37x | $-26.53 Million | $71.19 Million | ▼ -135.8% |
| 2013 | 1.04x | $103.59 Million | $99.45 Million | ▲ +125.1% |
| 2012 | -4.15x | $-193.94 Million | $46.76 Million | ▼ -39.5% |
| 2011 | -2.97x | $-139.53 Million | $46.94 Million | ▲ +84.1% |
| 2010 | -18.72x | $-93.25 Million | $4.98 Million | ▼ -212.4% |
| 2009 | 16.65x | $225.93 Million | $13.57 Million | ▲ +1369.6% |
| 2008 | -1.31x | $-27.53 Million | $21.00 Million | ▲ +72.4% |
| 2007 | -4.74x | $-201.11 Million | $42.41 Million | ▲ +40.8% |
| 2006 | -8.02x | $-91.25 Million | $11.38 Million | ▲ +89.2% |
| 2005 | -74.18x | $-156.15 Million | $2.10 Million | — |