Hercules Capital Inc
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, rec… Read more
Hercules Capital Inc (HTGC) - Net Assets
Latest net assets as of September 2025: $2.19 Billion USD
Based on the latest financial reports, Hercules Capital Inc (HTGC) has net assets worth $2.19 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.41 Billion) and total liabilities ($2.22 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.19 Billion |
| % of Total Assets | 49.65% |
| Annual Growth Rate | 24.44% |
| 5-Year Change | 54.03% |
| 10-Year Change | 177.44% |
| Growth Volatility | 78.47 |
Hercules Capital Inc - Net Assets Trend (2004–2024)
This chart illustrates how Hercules Capital Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hercules Capital Inc (2004–2024)
The table below shows the annual net assets of Hercules Capital Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.99 Billion | +10.37% |
| 2023-12-31 | $1.80 Billion | +28.63% |
| 2022-12-31 | $1.40 Billion | +7.10% |
| 2021-12-31 | $1.31 Billion | +1.30% |
| 2020-12-31 | $1.29 Billion | +14.00% |
| 2019-12-31 | $1.13 Billion | +18.59% |
| 2018-12-31 | $955.44 Million | +13.61% |
| 2017-12-31 | $840.97 Million | +6.73% |
| 2016-12-31 | $787.94 Million | +9.87% |
| 2015-12-31 | $717.13 Million | +8.84% |
| 2014-12-31 | $658.86 Million | +1.36% |
| 2013-12-31 | $650.01 Million | +25.98% |
| 2012-12-31 | $515.97 Million | +19.70% |
| 2011-12-31 | $431.04 Million | +4.46% |
| 2010-12-31 | $412.65 Million | +12.59% |
| 2009-12-31 | $366.51 Million | -4.17% |
| 2008-12-31 | $382.46 Million | -4.56% |
| 2007-12-31 | $400.74 Million | +56.90% |
| 2006-12-31 | $255.41 Million | +123.36% |
| 2005-12-31 | $114.35 Million | +355.98% |
| 2004-12-31 | $25.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hercules Capital 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 grown by 8892000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $88.92 Million | 4.47% |
| Common Stock | $171.00K | 0.01% |
| Other Components | $1.90 Billion | 95.52% |
| Total Equity | $1.99 Billion | 100.00% |
Hercules Capital Inc Competitors by Market Cap
The table below lists competitors of Hercules Capital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chunghwa Precision Test Tech Co Ltd
TWO:6510
|
$2.42 Billion |
|
Independent Bank Group Inc
NASDAQ:IBTX
|
$2.42 Billion |
|
Loar Holdings Inc.
NYSE:LOAR
|
$2.42 Billion |
|
Chongyi Zhangyuan Tungsten Co Ltd
SHE:002378
|
$2.43 Billion |
|
Alior Bank S.A.
WAR:ALR
|
$2.42 Billion |
|
Telix Pharmaceuticals Limited
PINK:TLPPF
|
$2.42 Billion |
|
Tianjin Zhongxin Pharmaceutical Group Corp Ltd
SHG:600329
|
$2.42 Billion |
|
TBC Bank Group PLC
PINK:TBCCF
|
$2.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hercules Capital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,802,706,000 to 1,989,581,000, a change of 186,875,000 (10.4%).
- Net income of 262,966,000 contributed positively to equity growth.
- Dividend payments of 303,475,000 reduced retained earnings.
- Share repurchases of 3,430,000 reduced equity.
- New share issuances of 220,875,000 increased equity.
- Other comprehensive income decreased equity by 6,230,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $262.97 Million | +13.22% |
| Dividends Paid | $303.48 Million | -15.25% |
| Share Repurchases | $3.43 Million | -0.17% |
| Share Issuances | $220.88 Million | +11.1% |
| Other Comprehensive Income | $-6.23 Million | -0.31% |
| Other Changes | $16.17 Million | +0.81% |
| Total Change | $- | 10.37% |
Book Value vs Market Value Analysis
This analysis compares Hercules Capital 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: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.75x to 1.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $19.40 | $14.51 | x |
| 2005-12-31 | $16.30 | $14.51 | x |
| 2006-12-31 | $18.88 | $14.51 | x |
| 2007-12-31 | $14.12 | $14.51 | x |
| 2008-12-31 | $11.73 | $14.51 | x |
| 2009-12-31 | $10.50 | $14.51 | x |
| 2010-12-31 | $11.25 | $14.51 | x |
| 2011-12-31 | $9.95 | $14.51 | x |
| 2012-12-31 | $10.50 | $14.51 | x |
| 2013-12-31 | $10.78 | $14.51 | x |
| 2014-12-31 | $10.42 | $14.51 | x |
| 2015-12-31 | $10.29 | $14.51 | x |
| 2016-12-31 | $10.68 | $14.51 | x |
| 2017-12-31 | $10.18 | $14.51 | x |
| 2018-12-31 | $10.49 | $14.51 | x |
| 2019-12-31 | $11.16 | $14.51 | x |
| 2020-12-31 | $11.51 | $14.51 | x |
| 2021-12-31 | $11.28 | $14.51 | x |
| 2022-12-31 | $11.06 | $14.51 | x |
| 2023-12-31 | $12.45 | $14.51 | x |
| 2024-12-31 | $12.31 | $14.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hercules Capital 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): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.03%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.93x
- Recent ROE (13.22%) is above the historical average (8.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -8.14% | 0.00% | 0.00x | 1.01x | $-4.55 Million |
| 2005 | 1.84% | 18.30% | 0.06x | 1.69x | $-9.33 Million |
| 2006 | 4.46% | 37.43% | 0.10x | 1.18x | $-14.16 Million |
| 2007 | 10.58% | 66.32% | 0.12x | 1.35x | $2.34 Million |
| 2008 | 5.49% | 36.80% | 0.09x | 1.59x | $-17.25 Million |
| 2009 | 3.70% | 30.33% | 0.09x | 1.39x | $-23.08 Million |
| 2010 | 1.21% | 14.20% | 0.06x | 1.43x | $-36.28 Million |
| 2011 | 10.89% | 53.82% | 0.12x | 1.73x | $3.83 Million |
| 2012 | 9.06% | 48.62% | 0.09x | 2.18x | $-4.84 Million |
| 2013 | 15.30% | 59.87% | 0.14x | 1.88x | $34.45 Million |
| 2014 | 10.80% | 49.75% | 0.11x | 1.97x | $5.30 Million |
| 2015 | 5.98% | 33.91% | 0.09x | 1.86x | $-28.80 Million |
| 2016 | 8.72% | 47.91% | 0.10x | 1.86x | $-10.09 Million |
| 2017 | 9.39% | 45.55% | 0.10x | 1.97x | $-5.10 Million |
| 2018 | 8.01% | 43.58% | 0.09x | 2.04x | $-19.05 Million |
| 2019 | 15.32% | 58.22% | 0.12x | 2.17x | $60.29 Million |
| 2020 | 17.59% | 63.59% | 0.14x | 2.03x | $98.09 Million |
| 2021 | 13.31% | 56.25% | 0.12x | 1.99x | $43.30 Million |
| 2022 | 7.28% | 42.64% | 0.08x | 2.16x | $-38.06 Million |
| 2023 | 18.72% | 68.30% | 0.14x | 1.90x | $157.21 Million |
| 2024 | 13.22% | 61.03% | 0.11x | 1.93x | $64.01 Million |
Industry Comparison
This section compares Hercules Capital Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hercules Capital Inc (HTGC) | $2.19 Billion | -8.14% | 1.01x | $2.42 Billion |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |