Hercules Capital (HCXY) Interest Coverage Ratio (2021 - 2026)
Hercules Capital's (HCXY) quarterly Interest Coverage Ratio came in at 2.98 in Q2 2026, down 13.65% year-over-year from 3.46 in Q2 2025, and up 4.39% quarter-over-quarter from 2.86 in Q1 2026.
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Hercules Capital (HCXY) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Hercules Capital has disclosed Interest Coverage Ratio across 6 years of filings, most recently posting 2.98 for Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 13.65% year-over-year to 2.98; the TTM figure through Jun 2026 stood at 3.04 (down 15.25% YoY), while the FY2025 annual figure was 3.31, down 12.63% from the prior year.
- Interest Coverage Ratio came in at 2.98 for Q2 2026 at Hercules Capital, up from 2.86 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 5.98 in Q4 2022 to a low of 2.65 in Q1 2022.
- Average Interest Coverage Ratio over 5 years is 3.58, with a median of 3.48 recorded in 2025.
- Year-over-year, Interest Coverage Ratio soared 149.33% in 2022 and fell 27.77% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 5.98 in 2022, then slipped by 27.77% to 4.32 in 2023, then retreated by 14.9% to 3.68 in 2024, then dropped by 16.19% to 3.08 in 2025, then retreated by 3.18% to 2.98 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 2.98 in Q2 2026, 2.86 in Q1 2026, and 3.08 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 1.71 |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 1.76 |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 1.44 |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 2.56 |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 1.28 |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 2.98 |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 1.40 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 0.23 |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 1.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.98 |
| Mar 31, 2026 | 2.86 |
| Dec 31, 2025 | 3.08 |
| Sep 30, 2025 | 3.26 |
| Jun 30, 2025 | 3.46 |
| Mar 31, 2025 | 3.51 |
| Dec 31, 2024 | 3.68 |
| Sep 30, 2024 | 3.72 |
| Jun 30, 2024 | 3.83 |
| Mar 31, 2024 | 3.95 |
| Dec 31, 2023 | 4.32 |
| Sep 30, 2023 | 4.05 |
| Jun 30, 2023 | 3.85 |
| Mar 31, 2023 | 3.46 |
| Dec 31, 2022 | 5.98 |
| Sep 30, 2022 | 3.00 |
| Jun 30, 2022 | 2.83 |
| Mar 31, 2022 | 2.65 |
| Dec 31, 2021 | 2.40 |
| Sep 30, 2021 | 2.32 |