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 (HGBL) flexibility index to measure the company's free cash flow as a share of total liabilities.
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. See Heritage Global Inc (HGBL) defensive interval to measure how many days the company can operate on defensive assets alone.
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 market value of Heritage Global Inc.
| 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 | — |