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| Date | Value |
|---|---|
| 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 |