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Hercules Capital HTGC Debt-to-equity

Debt-to-equity at other companies

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BlackrockBLK
0.3×0.0×
FS KKR Capital Corp. logo
FS KKR Capital Corp.FSK
1.4×+0.2×
Janus Henderson Group logo
Janus Henderson GroupJHG
0.1×0.0×
Blackstone Secured Lending Fund logo
Blackstone Secured Lending FundBXSL
1.3×+0.1×
Ares Capital logo
Ares CapitalARCC
1.1×+0.1×
Golub Capital logo
Golub CapitalGBDC
1.3×+0.1×

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

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-equity?
Hercules Capital (HTGC) reported debt-to-equity of 1.1× in Q1 2026.
How has Hercules Capital's debt-to-equity changed year-over-year?
Hercules Capital's debt-to-equity increased by 15.1% year-over-year, from 1× to 1.1×.
What is the long-term trend for Hercules Capital's debt-to-equity?
Over 4 years (2021 to 2025), Hercules Capital's debt-to-equity has grown at a 2.3% compound annual growth rate (CAGR), from 1× to 1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.