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Hercules CapitalHTGC +0.58%60 Cash-to-Debt is 0.02 as of Mar. 2026, which is 50% below its 10-year median of 0.04. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $19.01 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,436 Asset Management companies, Hercules Capital ranks worse than 92.62% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Hercules Capital's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.02.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Hercules Capitalcouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Hercules Capital's Cash-to-Debt or its related term are showing as below:
HTGC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.21
Current: 0.02
During the past 13 years, Hercules Capital's highest Cash to Debt Ratio was 0.21. The lowest was 0.01. And the median was 0.04.
HTGC's Cash-to-Debt is ranked worse than 92.62% of 1436
companies
in the Asset Management industry
Industry Median: 4.915
vs HTGC: 0.02
Hercules Capital (NYSE:HTGC) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Hercules Capital Cash-to-Debt Related Terms
Hercules Capital Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Hercules Capital's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Asset Management subindustry, Hercules Capital's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hercules Capital Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Hercules Capital's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hercules Capital (HTGC) has a Cash-to-Debt of 0.02 as of Mar. 2026. This is 50% below median its historical median of 0.04. Over the past decade, Hercules Capital's Cash-to-Debt has ranged from 0.01 to 0.21. According to the industry distribution chart, Hercules Capital ranks #1330 out of 1436 companies in the Asset Management industry, placing it in the top 92.6%.
Is Hercules Capital's Cash-to-Debt too high?
Hercules Capital's current Cash-to-Debt of 0.02 is 50% below median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.21. The Asset Management industry median Cash-to-Debt is 4.92. Hercules Capital's value of 0.02 is 99.6% below this industry median. Based on the distribution chart, Hercules Capital ranks #1330 out of 1436 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's Cash-to-Debt compare to JPC and FSK?
According to the Asset Management industry distribution chart, Hercules Capital ranks #1330 out of 1436 companies for Cash-to-Debt. This places Hercules Capital in the lower half of its industry. The industry median Cash-to-Debt is 4.92. Hercules Capital's value of 0.02 is 99.6% below this benchmark. Historically, Hercules Capital's own Cash-to-Debt has ranged from 0.01 to 0.21 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 4.92, Hercules Capital has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 4.92, based on 1,436 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hercules Capital's current Cash-to-Debt of 0.02 is 99.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hercules Capital's current Cash-to-Debt is 0.02, which is 50% below median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hercules Capital stock overvalued right now?
Based on GuruFocus' analysis, Hercules Capital (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.01, compared to a current price of $15.73 — trading 17.3% below its estimated fair value. The current Cash-to-Debt is 0.02, which is 50% below median its 10-year median of 0.04 and 99.6% below the Asset Management industry median of 4.92. Hercules Capital's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Hercules Capital (HTGC), the current Cash-to-Debt is 0.02 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hercules Capital (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $15.73 is trading 17.3% below its estimated GF Value™ of $19.01.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
Cash-to-Debt: 0.02 (50% below median its 10-year median of 0.04)
GF Value™: $19.01 vs. price of $15.73 (17.3% below fair value)
Industry Position: 99.6% below the Asset Management median (#1330 of 1436)
No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hercules Capital Inc is a specialty finance company focused on providing senior secured loans to high-growth, venture capital-backed, and institutional-backed companies in a variety of technology and life sciences industries. The company's primary business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments mainly in structured debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. It finances companies belonging to computer software and hardware, networking systems, semiconductors, medical devices, bio-pharmaceutical, and other related sectors.
60GF Score
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