HTGC (Hercules Capital) Change In Receivables: $-7.2 Mil (TTM As of Mar. 2026)

What is Hercules Capital Change In Receivables?

Hercules Capital HTGC +2.04% 60 Change In Receivables is $-7.2 Mil as of Mar. 2026. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $18.75 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Hercules Capital's change in receivables for the quarter that ended in Mar. 2026 was $-3.1 Mil. It means Hercules Capital's Accounts Receivable increased by $3.1 Mil from Dec. 2025 to Mar. 2026 .

Hercules Capital's change in receivables for the fiscal year that ended in Dec. 2025 was $-5.3 Mil. It means Hercules Capital's Accounts Receivable increased by $5.3 Mil from Dec. 2024 to Dec. 2025 .

Hercules Capital's Accounts Receivable for the quarter that ended in Mar. 2026 was $0.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Hercules Capital's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hercules Capital's liquidation value for the three months ended in Mar. 2026 was $-2,557.1 Mil.

Hercules Capital (NYSE:HTGC) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Hercules Capital's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	67.782	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Hercules Capital's accounts receivable are only considered to be worth 75% of book value:

Hercules Capital's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	42.365	-	2599.423	+	0.75 * 0	+	0.5 * 0
=	-2,557.1

* 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 Change In Receivables Related Terms

Hercules Capital Change In Receivables Historical Data

* Premium members only.

The historical data trend for Hercules Capital's Change In Receivables can be seen below:

Hercules Capital Change In Receivables Chart

Hercules Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Change In Receivables

Get a 7-Day Free Trial

1.71

-14.21

-1.05

0.06

-5.34

Hercules Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Change In Receivables	Get a 7-Day Free Trial															-1.22	-1.74	-1.43	-0.95	-3.09

60GF Score

Hercules Capital Inc HTGC

Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Hercules Capital Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.2 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of $-7.2 Mil mean?

Hercules Capital (HTGC) has a Change In Receivables of $-7.2 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Hercules Capital and its competitors.

Is Hercules Capital's Change In Receivables too high?

Hercules Capital's current Change In Receivables is $-7.2 Mil. 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 Change In Receivables compare to JPC and FSK?

Hercules Capital's Change In Receivables of $-7.2 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Receivables for an Asset Management company?

A good Change In Receivables depends on the Asset Management industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Change In Receivables mean?

A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Hercules Capital and its competitors. Hercules Capital's current Change In Receivables is $-7.2 Mil. 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 $18.75, compared to a current price of $16.01 — trading 14.6% below its estimated fair value. The current Change In Receivables is $-7.2 Mil. 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 Change In Receivables calculated?

Change In Receivables is calculated from a company's financial statements. For Hercules Capital (HTGC), the current Change In Receivables is $-7.2 Mil 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 $16.01 is trading 14.6% below its estimated GF Value™ of $18.75. GuruFocus considers Hercules Capital to be Modestly Undervalued.

Key valuation signals for HTGC:

Change In Receivables: $-7.2 Mil
GF Value™: $18.75 vs. price of $16.01 (14.6% below fair value)
GF Score™: 60/100 with 5 warning signs

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 Business Description

Industry Financial Services Asset Management

Comparable Companies JPC FSK DBRG EXG NAD ADX UTF NVG WT CSQ BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges 0J4M:UK 19H:Germany

Address 1 North B Street, Suite 2000, San Mateo, CA, USA, 94401

Website https://www.htgc.com

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

Get the complete analysis for HTGC

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.01

Price

$18.75

GF Value

View HTGC Analysis

See Change In Receivables data for all stocks →