Heritage Global Inc (HGBL) — Working Capital to Net Assets Ratio
Heritage Global Inc (HGBL) has a Working Capital to Net Assets ratio of 17.1% as of March 2026. Working capital of $11.56 Million (current assets of $23.76 Million minus current liabilities of $12.21 Million) is measured against net assets of $67.77 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Heritage Global Inc net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Heritage Global Inc Working Capital to Net Assets (1988–2025)
This chart shows how Heritage Global Inc's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1988 to 2025. As of March 2026, the ratio stands at 17.1%, reflecting working capital of $11.56 Million against net assets of $67.77 Million USD. Check Heritage Global Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Heritage Global Inc (1988–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Heritage Global Inc from 1988 to 2025, covering 38 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is Heritage Global Inc worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.0% | $18.06 Million | $66.98 Million | $33.59 Million | $15.54 Million | ▼ -1.5 pp |
| 2024 | 28.4% | $18.53 Million | $65.20 Million | $33.13 Million | $14.60 Million | ▲ +9.5 pp |
| 2023 | 18.9% | $11.56 Million | $61.08 Million | $26.29 Million | $14.73 Million | ▲ +3.1 pp |
| 2022 | 15.9% | $7.67 Million | $48.30 Million | $23.89 Million | $16.23 Million | ▼ -11.9 pp |
| 2021 | 27.8% | $9.06 Million | $32.64 Million | $23.28 Million | $14.22 Million | ▼ -15.5 pp |
| 2020 | 43.3% | $12.96 Million | $29.94 Million | $26.95 Million | $13.99 Million | ▲ +63.2 pp |
| 2019 | -19.9% | $-2.36 Million | $11.85 Million | $6.77 Million | $9.13 Million | ▲ +12.9 pp |
| 2018 | -32.8% | $-2.49 Million | $7.60 Million | $7.68 Million | $10.17 Million | ▲ +129.0 pp |
| 2017 | -161.8% | $-5.64 Million | $3.49 Million | $3.02 Million | $8.66 Million | ▼ -43.4 pp |
| 2016 | -118.4% | $-4.14 Million | $3.49 Million | $4.43 Million | $8.57 Million | ▲ +31.6 pp |
| 2015 | -150.0% | $-5.09 Million | $3.39 Million | $4.26 Million | $9.36 Million | ▼ -121.2 pp |
| 2014 | -28.8% | $-3.88 Million | $13.48 Million | $7.58 Million | $11.46 Million | ▼ -20.8 pp |
| 2013 | -8.0% | $-3.17 Million | $39.50 Million | $7.32 Million | $10.50 Million | ▼ -2.9 pp |
| 2012 | -5.1% | $-2.35 Million | $46.01 Million | $12.95 Million | $15.30 Million | ▼ -22.9 pp |
| 2011 | 17.8% | $7.63 Million | $42.94 Million | $11.83 Million | $4.21 Million | ▲ +0.6 pp |
| 2010 | 17.2% | $1.62 Million | $9.45 Million | $8.86 Million | $7.24 Million | ▲ +127.1 pp |
| 2009 | -109.9% | $-4.35 Million | $3.95 Million | $3.33 Million | $7.67 Million | ▼ -201.6 pp |
| 2008 | 91.7% | $4.56 Million | $4.97 Million | $5.03 Million | $472.00K | ▼ -84.0 pp |
| 2007 | 175.7% | $-1.65 Million | $-941.00K | $1.08 Million | $2.74 Million | ▼ -204.3 pp |
| 2006 | 380.0% | $-1.78 Million | $-469.00K | $73.00K | $1.85 Million | ▲ +279.8 pp |
| 2005 | 100.1% | $-78.06 Million | $-77.94 Million | $2.02 Million | $80.07 Million | ▲ +65.7 pp |
| 2004 | 34.5% | $-21.35 Million | $-61.97 Million | $15.01 Million | $36.36 Million | ▼ -19.4 pp |
| 2003 | 53.9% | $-26.58 Million | $-49.31 Million | $24.31 Million | $50.89 Million | ▲ +31.2 pp |
| 2002 | 22.7% | $-13.74 Million | $-60.42 Million | $28.43 Million | $42.17 Million | ▼ -56.3 pp |
| 2001 | 79.1% | $-29.25 Million | $-37.00 Million | $23.30 Million | $52.56 Million | ▼ -96.7 pp |
| 2000 | 175.8% | $-30.06 Million | $-17.10 Million | $5.90 Million | $35.96 Million | ▲ +219.4 pp |
| 1999 | -43.6% | $-1.32 Million | $3.02 Million | $7.66 Million | $8.98 Million | ▲ +63.5 pp |
| 1998 | -107.1% | $-4.50 Million | $4.20 Million | $6.80 Million | $11.30 Million | ▼ -83.1 pp |
| 1997 | -24.0% | $-3.00 Million | $12.50 Million | $6.80 Million | $9.80 Million | ▼ -48.2 pp |
| 1996 | 24.2% | $1.60 Million | $6.60 Million | $6.10 Million | $4.50 Million | ▲ +40.0 pp |
| 1995 | -15.8% | $-300.00K | $1.90 Million | $1.90 Million | $2.20 Million | ▼ -32.5 pp |
| 1994 | 16.7% | $400.00K | $2.40 Million | $2.50 Million | $2.10 Million | ▼ -17.8 pp |
| 1993 | 34.5% | $1.00 Million | $2.90 Million | $2.10 Million | $1.10 Million | ▼ -39.6 pp |
| 1992 | 74.1% | $2.00 Million | $2.70 Million | $2.50 Million | $500.00K | ▲ +28.6 pp |
| 1991 | 45.5% | $100.00K | $220.00K | $1.20 Million | $1.10 Million | ▲ +21.8 pp |
| 1990 | 23.6% | $130.00K | $550.00K | $1.94 Million | $1.81 Million | ▼ -40.0 pp |
| 1989 | 63.6% | $350.00K | $550.00K | $2.04 Million | $1.69 Million | ▼ -18.6 pp |
| 1988 | 82.2% | $-970.00K | $-1.18 Million | $950.00K | $1.92 Million | — |