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 how much of Hercules Capital Inc's assets are long-term investments to see how much of total assets are deployed in long-term investments.
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. Check Hercules Capital Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Hercules Capital Inc (2005–2024)
Year-by-year earnings quality comparison for Hercules Capital Inc. For live market cap and the full company financial profile, see Hercules Capital Inc market cap and net worth.
| 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 | — |