Heritage Global Inc Net Assets
Heritage Global Inc net assets. Based on the latest financial reports, Heritage Global Inc (HGBL) has net assets worth $67.77 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($84.99 Million) and total liabilities ($17.22 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore HGBL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $67.77 Million |
| % of Total Assets | 79.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | 105.22% |
| 10-Year Change | 1817.09% |
| Growth Volatility | 262.24 |
Net Assets of Heritage Global Inc (1988–2025)
Net assets of Heritage Global Inc from 1988 to 2025. This chart illustrates how Heritage Global Inc's net assets have evolved over time, based on quarterly financial data. See Heritage Global Inc net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Heritage Global Inc (1988–2025)
The table below shows the annual net assets of Heritage Global Inc from 1988 to 2025. For live market cap and overall valuation, see Heritage Global Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $66.98 Million | +2.73% |
| 2024-12-31 | $65.20 Million | +6.75% |
| 2023-12-31 | $61.08 Million | +26.46% |
| 2022-12-31 | $48.30 Million | +47.98% |
| 2021-12-31 | $32.64 Million | +9.00% |
| 2020-12-31 | $29.94 Million | +152.75% |
| 2019-12-31 | $11.85 Million | +55.88% |
| 2018-12-31 | $7.60 Million | +117.89% |
| 2017-12-31 | $3.49 Million | -0.17% |
| 2016-12-31 | $3.49 Million | +2.95% |
| 2015-12-31 | $3.39 Million | -74.82% |
| 2014-12-31 | $13.48 Million | -65.88% |
| 2013-12-31 | $39.50 Million | -14.16% |
| 2012-12-31 | $46.01 Million | +7.15% |
| 2011-12-31 | $42.94 Million | +354.49% |
| 2010-12-31 | $9.45 Million | +138.95% |
| 2009-12-31 | $3.95 Million | -20.46% |
| 2008-12-31 | $4.97 Million | +628.27% |
| 2007-12-31 | $-941.00K | -100.64% |
| 2006-12-31 | $-469.00K | +99.40% |
| 2005-12-31 | $-77.94 Million | -25.79% |
| 2004-12-31 | $-61.97 Million | -25.67% |
| 2003-12-31 | $-49.31 Million | +18.39% |
| 2002-12-31 | $-60.42 Million | -63.31% |
| 2001-12-31 | $-37.00 Million | -116.31% |
| 2000-12-31 | $-17.10 Million | -665.67% |
| 1999-12-31 | $3.02 Million | -28.01% |
| 1998-12-31 | $4.20 Million | -66.40% |
| 1997-12-31 | $12.50 Million | +89.39% |
| 1996-12-31 | $6.60 Million | +247.37% |
| 1995-12-31 | $1.90 Million | -20.83% |
| 1994-12-31 | $2.40 Million | -17.24% |
| 1993-12-31 | $2.90 Million | +7.41% |
| 1992-12-31 | $2.70 Million | +1127.27% |
| 1991-12-31 | $220.00K | -60.00% |
| 1990-12-31 | $550.00K | 0.00% |
| 1989-12-31 | $550.00K | +146.61% |
| 1988-12-31 | $-1.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heritage Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 22231700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Heritage Global Inc Net Assets Breakdown (December 2025)
Heritage Global Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $376.00K | 0.56% |
| Other Components | $290.86 Million | 434.24% |
| Total Equity | $66.98 Million | 100.00% |
Heritage Global Inc Competitors by Market Cap
The table below lists competitors of Heritage Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
White Pearl Technology Group B
ST:WPTG-B
|
$43.08 Million |
|
Simula Technology
TWO:3511
|
$43.08 Million |
|
VANTIVA SA
PA:VANTI
|
$43.11 Million |
|
Spuntech
TA:SPNTC
|
$43.12 Million |
|
FreeCast, Inc. Class A Common Stock
NASDAQ:CAST
|
$43.08 Million |
|
Botnia Gold AB (publ)
ST:BOTX
|
$43.08 Million |
|
Rigolleau SA
BA:RIGO
|
$43.04 Million |
|
DESWELL INDS INC. DL-01
F:DW2
|
$43.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heritage Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 65,201,000 to 66,983,000, a change of 1,782,000 (2.7%).
- Net income of 3,587,000 contributed positively to equity growth.
- Share repurchases of 2,627,000 reduced equity.
- Other factors increased equity by 822,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.59 Million | +5.36% |
| Share Repurchases | $2.63 Million | -3.92% |
| Other Changes | $822.00K | +1.23% |
| Total Change | $- | 2.73% |
Book Value vs Market Value Analysis
This analysis compares Heritage Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $-3.22 | $1.25 | x |
| 1989-12-31 | $1.50 | $1.25 | x |
| 1990-12-31 | $9.17 | $1.25 | x |
| 1991-12-31 | $3.63 | $1.25 | x |
| 1992-12-31 | $34.48 | $1.25 | x |
| 1993-12-31 | $34.53 | $1.25 | x |
| 1994-12-31 | $31.43 | $1.25 | x |
| 1995-12-31 | $19.50 | $1.25 | x |
| 1996-12-31 | $15.37 | $1.25 | x |
| 1997-12-31 | $23.80 | $1.25 | x |
| 1998-12-31 | $4.75 | $1.25 | x |
| 1999-12-31 | $2.50 | $1.25 | x |
| 2000-12-31 | $-21.63 | $1.25 | x |
| 2001-12-31 | $-7.46 | $1.25 | x |
| 2002-12-31 | $-10.37 | $1.25 | x |
| 2003-12-31 | $-8.45 | $1.25 | x |
| 2004-12-31 | $-3.22 | $1.25 | x |
| 2005-12-31 | $-4.05 | $1.25 | x |
| 2006-12-31 | $-0.02 | $1.25 | x |
| 2007-12-31 | $-0.04 | $1.25 | x |
| 2008-12-31 | $0.22 | $1.25 | x |
| 2009-12-31 | $0.16 | $1.25 | x |
| 2010-12-31 | $0.41 | $1.25 | x |
| 2011-12-31 | $1.58 | $1.25 | x |
| 2012-12-31 | $1.63 | $1.25 | x |
| 2013-12-31 | $1.38 | $1.25 | x |
| 2014-12-31 | $0.48 | $1.25 | x |
| 2015-12-31 | $0.12 | $1.25 | x |
| 2016-12-31 | $0.12 | $1.25 | x |
| 2017-12-31 | $0.12 | $1.25 | x |
| 2018-12-31 | $0.26 | $1.25 | x |
| 2019-12-31 | $0.40 | $1.25 | x |
| 2020-12-31 | $0.92 | $1.25 | x |
| 2021-12-31 | $0.88 | $1.25 | x |
| 2022-12-31 | $1.30 | $1.25 | x |
| 2023-12-31 | $1.63 | $1.25 | x |
| 2024-12-31 | $1.76 | $1.25 | x |
| 2025-12-31 | $1.89 | $1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heritage Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.04%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.32x
- Recent ROE (5.36%) is above the historical average (-71.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 0.00% | -27.03% | 0.74x | 0.00x | $-882.00K |
| 1989 | -90.91% | -11.90% | 0.79x | 9.69x | $-555.00K |
| 1991 | -130.43% | -12.50% | 0.73x | 14.35x | $-323.00K |
| 1994 | -35.00% | -18.42% | 0.73x | 2.60x | $-900.00K |
| 1995 | -40.00% | -19.35% | 0.76x | 2.73x | $-750.00K |
| 1996 | -350.00% | -11550.00% | 0.02x | 1.73x | $-23.76 Million |
| 1997 | -239.20% | -212.06% | 0.58x | 1.94x | $-31.15 Million |
| 1998 | -666.67% | -109.38% | 1.07x | 5.69x | $-28.42 Million |
| 1999 | -815.52% | -75.59% | 1.51x | 7.16x | $-24.96 Million |
| 2000 | 0.00% | -84.70% | 1.40x | 0.00x | $-22.87 Million |
| 2001 | 0.00% | -79.48% | 1.20x | 0.00x | $-40.80 Million |
| 2002 | 0.00% | -31.60% | 1.90x | 0.00x | $-21.80 Million |
| 2003 | 0.00% | -23.12% | 3.48x | 0.00x | $-26.50 Million |
| 2004 | 0.00% | -20.14% | 4.71x | 0.00x | $-16.59 Million |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-10.69 Million |
| 2006 | 0.00% | -38380.00% | 0.01x | 0.00x | $-7.63 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-550.90K |
| 2008 | 117.22% | 33.06% | 3.24x | 1.09x | $5.33 Million |
| 2009 | -34.61% | -21.10% | 0.52x | 3.18x | $-1.63 Million |
| 2010 | 51.11% | 147.86% | 0.20x | 1.77x | $3.88 Million |
| 2011 | 71.53% | 178.17% | 0.37x | 1.10x | $26.42 Million |
| 2012 | -3.94% | -12.83% | 0.23x | 1.33x | $-6.41 Million |
| 2013 | -16.19% | -71.93% | 0.18x | 1.27x | $-10.35 Million |
| 2014 | -196.74% | -132.66% | 0.63x | 2.36x | $-27.86 Million |
| 2015 | -307.04% | -59.78% | 0.93x | 5.54x | $-10.76 Million |
| 2016 | 0.40% | 0.06% | 1.57x | 4.33x | $-335.40K |
| 2017 | -7.14% | -1.24% | 1.50x | 3.86x | $-597.80K |
| 2018 | 49.36% | 15.85% | 1.15x | 2.71x | $2.99 Million |
| 2019 | 32.91% | 14.90% | 1.19x | 1.85x | $2.71 Million |
| 2020 | 32.25% | 36.89% | 0.59x | 1.49x | $6.66 Million |
| 2021 | 9.35% | 11.84% | 0.51x | 1.55x | $-210.90K |
| 2022 | 32.08% | 33.02% | 0.69x | 1.40x | $10.66 Million |
| 2023 | 20.42% | 20.60% | 0.73x | 1.36x | $6.37 Million |
| 2024 | 7.95% | 11.42% | 0.56x | 1.25x | $-1.34 Million |
| 2025 | 5.36% | 7.04% | 0.58x | 1.32x | $-3.11 Million |
Industry Comparison
This section compares Heritage Global Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $120,227,209
- Average return on equity (ROE) among peers: -2234.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heritage Global Inc (HGBL) | $67.77 Million | 0.00% | 0.25x | $43.08 Million |
| American Bitcoin Corp (ABTC) | $665.82 Million | -23.00% | 0.87x | $158.67 Million |
| Abits Group Inc. (ABTS) | $11.31 Million | -111.43% | 0.09x | $1.29 Million |
| Sphere 3D Corp (ANY) | $10.46 Million | -250.25% | 6.96x | $15.32 Million |
| Argo Blockchain PLC ADR (ARBK) | $158.00K | -21922.15% | 479.63x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $6.18 Million | -16.75% | 0.11x | $23.24 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $263.95 Million |
| BGC Group Inc. (BGC) | $218.45 Million | 19.21% | 0.16x | $4.08 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.12 Million | 0.00% | 0.00x | $17.28 Million |
| Bitfarms Ltd (BITF) | $294.76 Million | -35.29% | 0.28x | $1.21 Billion |
About Heritage Global Inc
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and se… Read more