Heritage Global (HGBL) Equity Ratio (2010 - 2026)

Heritage Global (HGBL) reported Equity Ratio of 0.8 for Q1 2026, down 90.37% on a YoY basis from 8.28 in Q1 2025, and up 5.28% quarter-over-quarter from 0.76 in Q4 2025.

Heritage Global (HGBL) Equity Ratio (2010 - 2026) Analysis & Trends

Heritage Global has reported Equity Ratio for 17 years, with the latest figure at 0.8 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 90.37% year-over-year to 0.8; the trailing twelve-month figure through Mar 2026 stood at 0.8 (down 90.37% YoY), and the FY2025 full-year result was 0.76, down 5.55% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.8, up from 0.76 in the prior quarter.
  • The five-year high for Equity Ratio was 31.98 in Q3 2024, with the low at 0.64 in Q1 2022.
  • Historically, Equity Ratio has averaged 3.53 across 5 years, with a median of 0.75 in 2025.
  • Annual changes were most pronounced in 2024 — Equity Ratio jumped 4687.43% — and 2025, when it tumbled 97.6%.
  • Heritage Global's Equity Ratio stood at 0.71 in 2022, then grew by 2.73% to 0.73 in 2023, then gained by 9.19% to 0.8 in 2024, then decreased by 5.55% to 0.76 in 2025, then grew by 5.28% to 0.8 in 2026.
  • The last three Equity Ratio figures came in at 0.8 (Q1 2026), 0.76 (Q4 2025), and 0.77 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 0.07
3 Goldman Sachs 317.73 Bn -619.82 Bn - 0.06
4 Schwab Charles 153.74 Bn 108.77 Bn - 0.10
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 0.21
6 Interactive Brokers 38.91 Bn 49.50 Bn - 0.03
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 0.30
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 0.88
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 0.04
10 Heritage Global 45.32 Mn 33.76 Mn 11.67 Mn 0.80

Historic Data

Download Data
DateValue
Mar 31, 2026 0.80
Dec 31, 2025 0.76
Sep 30, 2025 0.77
Jun 30, 2025 0.75
Mar 31, 2025 8.28
Dec 31, 2024 0.80
Sep 30, 2024 31.98
Jun 30, 2024 8.06
Mar 31, 2024 2.32
Dec 31, 2023 0.73
Sep 30, 2023 0.67
Jun 30, 2023 0.68
Mar 31, 2023 0.68
Dec 31, 2022 0.71
Sep 30, 2022 0.70
Jun 30, 2022 0.67
Mar 31, 2022 0.64
Dec 31, 2021 0.65
Sep 30, 2021 0.70
Jun 30, 2021 0.72