Hercules Capital Inc Working Capital to Net Assets Ratio
Hercules Capital Inc working capital to net assets ratio. Hercules Capital Inc (HTGC) has a Working Capital to Net Assets ratio of 2.2% as of September 2025. Working capital of $49.01 Million (current assets of $65.60 Million minus current liabilities of $16.59 Million) is measured against net assets of $2.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of Hercules Capital Inc to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Hercules Capital Inc (2004–2024)
Working capital to net assets ratio of Hercules Capital Inc from 2004 to 2024. This chart shows how Hercules Capital Inc's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 2.2%, reflecting working capital of $49.01 Million against net assets of $2.19 Billion USD. See Hercules Capital Inc (HTGC) defensive interval to measure how many days the company can operate on defensive assets alone.
Hercules Capital Inc Working Capital to Net Assets Ratio by Year (2004–2024)
Hercules Capital Inc working capital to net assets ratio by year from 2004 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Hercules Capital Inc from 2004 to 2024, covering 21 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 the complete balance sheet picture, see HTGC asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 1.0% | $20.40 Million | $1.99 Billion | $75.26 Million | $54.86 Million | ▲ +2.5 pp |
| 2023 | -1.4% | $-25.87 Million | $1.80 Billion | $131.64 Million | $157.51 Million | ▼ -2.2 pp |
| 2022 | 0.8% | $10.89 Million | $1.40 Billion | $58.43 Million | $47.54 Million | ▲ +21.6 pp |
| 2021 | -20.9% | $-272.89 Million | $1.31 Billion | $154.19 Million | $427.08 Million | ▼ -37.9 pp |
| 2020 | 17.1% | $220.42 Million | $1.29 Billion | $256.76 Million | $36.34 Million | ▲ +21.4 pp |
| 2019 | -4.4% | $-49.62 Million | $1.13 Billion | $84.60 Million | $134.22 Million | ▼ -1.5 pp |
| 2018 | -2.9% | $-27.75 Million | $955.44 Million | $51.17 Million | $78.92 Million | ▲ +11.4 pp |
| 2017 | -14.3% | $-119.92 Million | $840.97 Million | $103.57 Million | $223.49 Million | ▼ -14.0 pp |
| 2016 | -0.2% | $-1.82 Million | $787.94 Million | $24.66 Million | $26.48 Million | ▼ -5.4 pp |
| 2015 | 5.2% | $37.19 Million | $717.13 Million | $104.44 Million | $67.24 Million | ▼ -28.6 pp |
| 2014 | 33.8% | $222.47 Million | $658.86 Million | $236.57 Million | $14.10 Million | ▼ -6.7 pp |
| 2013 | 40.5% | $263.06 Million | $650.01 Million | $277.33 Million | $14.27 Million | ▲ +5.4 pp |
| 2012 | 35.1% | $181.05 Million | $515.97 Million | $192.63 Million | $11.57 Million | ▲ +23.7 pp |
| 2011 | 11.4% | $49.29 Million | $431.04 Million | $70.29 Million | $21.00 Million | ▼ -13.5 pp |
| 2010 | 24.9% | $102.82 Million | $412.65 Million | $111.53 Million | $8.72 Million | ▼ -6.9 pp |
| 2009 | 31.8% | $116.73 Million | $366.51 Million | $128.59 Million | $11.85 Million | ▲ +23.2 pp |
| 2008 | 8.6% | $32.92 Million | $382.46 Million | $26.05 Million | $-6.87 Million | ▲ +3.5 pp |
| 2007 | 5.2% | $20.66 Million | $400.74 Million | $14.24 Million | $-6.41 Million | ▲ +13.9 pp |
| 2006 | -8.7% | $-22.23 Million | $255.41 Million | $19.31 Million | $41.54 Million | ▲ +43.2 pp |
| 2005 | -51.9% | $-59.31 Million | $114.35 Million | $16.84 Million | $76.15 Million | ▼ -86.3 pp |
| 2004 | 34.4% | $8.63 Million | $25.08 Million | $8.78 Million | $154.54K | — |