Hercules Capital (HTGC) Debt Ratio (2009 - 2026)
Hercules Capital's (HTGC) Debt Ratio stood at 0.51 in Q3 2026, up 5.6% from 0.49 a year earlier and up 3.4% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Hercules Capital's Debt Ratio came in at 0.50, up 8.0% from FY2024.
- Across earlier years, Debt Ratio came in at 0.46 in FY2024 (+1.5%), 0.46 in FY2023 (-12.5%), 0.52 in FY2022 (+9.3%) and 0.48 in FY2021.
- Quarterly Debt Ratio has ranged from 0.46 in Q4 2023 to 0.53 in Q1 2023 over the past five years.
- On a year-over-year basis, Debt Ratio has increased for eight consecutive quarters, with growth averaging 4.1% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 9.3% in Q4 2022, against a decline of 12.5% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.50 (Q2 2026), 0.53 (Q1 2026) and 0.50 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 0.44 |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 0.59 |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 0.39 |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 0.97 |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 0.07 |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 0.18 |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 0.02 |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 0.43 |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 0.26 |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.02 |
| Jun 30, 2026 | 0.02 |
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.02 |
| Sep 30, 2025 | 0.02 |
| Jun 30, 2025 | 0.02 |
| Mar 31, 2025 | 0.02 |
| Dec 31, 2024 | 0.02 |
| Sep 30, 2024 | 0.02 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.49 |
| Jun 30, 2023 | 0.49 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.52 |
| Sep 30, 2022 | 0.52 |
| Jun 30, 2022 | 0.02 |
| Mar 31, 2022 | 0.02 |
| Dec 31, 2021 | 0.48 |
API Access
Hercules Capital Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HTGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();