Hercules Capital (HCXY) Equity Ratio (2021 - 2026)

Hercules Capital's Equity Ratio history runs 6 years deep, the most recent figure standing at 0.46 for Q1 2026.

• In Q1 2026, Equity Ratio fell 7.03% year-over-year to 0.46; the TTM figure through Mar 2026 stood at 0.46 (down 7.03% YoY), while the FY2025 annual figure was 0.48, down 6.9% from the prior year.
• Equity Ratio came in at 0.46 for Q1 2026 at Hercules Capital, down from 0.48 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.53 in Q4 2023 to a low of 0.46 in Q1 2023.
• A 5-year average of 0.49 and a median of 0.5 in 2025 frame the typical range for Equity Ratio.
• Across the five-year window, Equity Ratio fell 8.06% in 2022 and advanced 14.02% in 2023, its largest moves.
• Hercules Capital's Equity Ratio stood at 0.46 in 2022, then increased by 14.02% to 0.53 in 2023, then dropped by 1.58% to 0.52 in 2024, then decreased by 6.9% to 0.48 in 2025, then retreated by 4.55% to 0.46 in 2026.
• According to Business Quant data, Equity Ratio over the past three periods registered 0.46, 0.48, and 0.5 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison