Heritage Global Inc (HGBL) — Cash Flow-to-Debt Ratio
Heritage Global Inc (HGBL) has a Cash Flow-to-Debt Ratio of -0.13x as of March 2026, meaning its operating cash flow of $-2.18 Million could theoretically repay 0% of its total liabilities ($17.22 Million) in one year. See Heritage Global Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Heritage Global Inc Cash Flow-to-Debt Ratio (1988–2025)
Historical debt coverage capacity for Heritage Global Inc across 38 annual periods. For the full cash flow conversion analysis, see Heritage Global Inc operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Heritage Global Inc (1988–2025)
Year-by-year debt coverage analysis for Heritage Global Inc. Check earnings quality score of Heritage Global Inc to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.29x | $6.14 Million | $21.46 Million | ▼ -40.5% |
| 2024 | 0.48x | $7.75 Million | $16.11 Million | ▼ -18.4% |
| 2023 | 0.59x | $13.02 Million | $22.09 Million | ▲ +75.1% |
| 2022 | 0.34x | $6.48 Million | $19.26 Million | ▲ +328.0% |
| 2021 | -0.15x | $-2.63 Million | $17.82 Million | ▼ -123.6% |
| 2020 | 0.63x | $9.15 Million | $14.61 Million | ▲ +694.0% |
| 2019 | 0.08x | $794.00K | $10.07 Million | ▼ -86.2% |
| 2018 | 0.57x | $7.47 Million | $13.03 Million | ▲ +383.1% |
| 2017 | 0.12x | $1.18 Million | $9.96 Million | ▼ -64.7% |
| 2016 | 0.34x | $3.91 Million | $11.65 Million | ▲ +719.2% |
| 2015 | -0.05x | $-836.00K | $15.41 Million | ▼ -260.7% |
| 2014 | 0.03x | $621.00K | $18.39 Million | ▼ -84.3% |
| 2013 | 0.22x | $2.26 Million | $10.50 Million | ▲ +168.6% |
| 2012 | -0.31x | $-4.80 Million | $15.30 Million | ▼ -132.6% |
| 2011 | 0.96x | $4.05 Million | $4.21 Million | ▲ +53.0% |
| 2010 | 0.63x | $4.55 Million | $7.24 Million | ▲ +161.6% |
| 2009 | -1.02x | $-7.84 Million | $7.67 Million | ▼ -108.5% |
| 2008 | 12.03x | $5.68 Million | $472.00K | ▲ +2671.2% |
| 2007 | -0.47x | $-1.28 Million | $2.74 Million | ▲ +64.8% |
| 2006 | -1.33x | $-2.47 Million | $1.85 Million | ▼ -629.5% |
| 2005 | -0.18x | $-14.84 Million | $81.43 Million | ▼ -52.8% |
| 2004 | -0.12x | $-10.25 Million | $85.97 Million | ▼ -26.7% |
| 2003 | -0.09x | $-8.31 Million | $88.36 Million | ▼ -106.1% |
| 2002 | -0.05x | $-4.87 Million | $106.69 Million | ▲ +86.9% |
| 2001 | -0.35x | $-29.28 Million | $83.78 Million | ▼ -824.8% |
| 2000 | 0.05x | $1.87 Million | $38.76 Million | ▲ +108.7% |
| 1999 | -0.56x | $-10.38 Million | $18.63 Million | ▲ +34.7% |
| 1998 | -0.85x | $-16.80 Million | $19.70 Million | ▲ +16.1% |
| 1997 | -1.02x | $-12.00 Million | $11.80 Million | ▼ -1.7% |
| 1996 | -1.00x | $-4.80 Million | $4.80 Million | ▼ -833.3% |
| 1995 | 0.14x | $300.00K | $2.20 Million | ▲ +195.5% |
| 1994 | -0.14x | $-400.00K | $2.80 Million | ▼ -228.6% |
| 1993 | 0.11x | $300.00K | $2.70 Million | ▼ -68.9% |
| 1992 | 0.36x | $500.00K | $1.40 Million | ▲ +124.5% |
| 1991 | 0.16x | $490.00K | $3.08 Million | ▼ -41.5% |
| 1990 | 0.27x | $990.00K | $3.64 Million | ▲ +622.3% |
| 1989 | 0.04x | $180.00K | $4.78 Million | ▼ -58.3% |
| 1988 | 0.09x | $560.00K | $6.20 Million | — |