Heritage Global Inc (HGBL) — Cash Flow-to-Debt Ratio
Heritage Global Inc (HGBL) has a Cash Flow-to-Debt Ratio of 0.07x as of December 2025, meaning its operating cash flow of $1.58 Million could theoretically repay 0% of its total liabilities ($21.46 Million) in one year. See how much free cash does Heritage Global Inc generate to measure how efficiently the company converts operating cash flow to free cash.
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. Also explore HGBL shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Heritage Global Inc (1988–2025)
Year-by-year debt coverage analysis for Heritage Global Inc. For market capitalisation and broader financial context, see market value of Heritage Global Inc.
| 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 | — |