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 cash flow conversion of Hercules Capital Inc to assess how effectively this company generates cash.
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 HTGC capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
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 HTGC stock market capitalisation.
| 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 | — |