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Hercules Capital HTGC Debt-to-assets

Debt-to-assets at other companies

Sixth Street Specialty Lending logo
Sixth Street Specialty LendingTSLX
0.5×0.0×
Blackrock logo
BlackrockBLK
0.1×0.0×
FS KKR Capital Corp. logo
FS KKR Capital Corp.FSK
0.6×0.0×
Janus Henderson Group logo
Janus Henderson GroupJHG
0.1×0.0×
Blackstone Secured Lending Fund logo
Blackstone Secured Lending FundBXSL
0.6×0.0×
Ares Capital logo
Ares CapitalARCC
0.5×0.0×

Other financials

Income statement

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Net income$42.5M-15.6%
EPS (diluted)$0.23-20.7%

Balance sheet

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Cash & equivalents$44.9M-17.3%
Total debt$2.6B+28.1%
Total equity$2.2B+11.3%
Total assets$4.8B+19.7%

Cash flow

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Operating cash flow-$230.6M-3.8%
CapEx$19.0K+138%
Free cash flow-$230.7M-3.8%

Valuation

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Market cap$2.84B-18.4%
Enterprise value$5.35B-0.8%
P/E8.6×-7.1×

Returns & leverage

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Return on equity15.7%+4.3pp
Debt / equity1.1×+0.2×

Where this comes from

Calculated from Hercules Capital’s reported figures.

Based on the most recent quarter.

The official record: Hercules Capital’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hercules Capital's debt-to-assets?
Hercules Capital (HTGC) reported debt-to-assets of 0.5× in Q1 2026.
How has Hercules Capital's debt-to-assets changed year-over-year?
Hercules Capital's debt-to-assets increased by 7.0% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for Hercules Capital's debt-to-assets?
Over 4 years (2021 to 2025), Hercules Capital's debt-to-assets has grown at a 1.2% compound annual growth rate (CAGR), from 0.5× to 0.5×.
What does debt-to-assets mean?
Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.