Heritage Global (FRA:LGC) Days Payable: 90.91 (As of Mar. 2026) — 26% Above Median


FRA:LGC Heritage Global Inc FRA:LGC
84 GF Score
Price €1.03
GF Value €1.97
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Heritage Global Days Payable?

Heritage Global FRA:LGC 84 Days Payable is 90.91 as of Mar. 2026, which is 26% above its 10-year median of 72.12. GuruFocus rates FRA:LGC with a GF Score™ of 84/100 and a GF Value™ of €1.97 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 541 Capital Markets companies, Heritage Global ranks better than 53.05% on this metric.

Heritage Global's average Accounts Payable for the three months ended in Mar. 2026 was €7.64 Mil. Heritage Global's Cost of Goods Sold for the three months ended in Mar. 2026 was €7.67 Mil. Hence, Heritage Global's Days Payable for the three months ended in Mar. 2026 was 90.91.

The historical rank and industry rank for Heritage Global's Days Payable or its related term are showing as below:

FRA:LGC' s Days Payable Range Over the Past 10 Years
Min: 38.05   Med: 72.12   Max: 159.29
Current: 111.75

During the past 13 years, Heritage Global's highest Days Payable was 159.29. The lowest was 38.05. And the median was 72.12.

FRA:LGC's Days Payable is ranked better than
53.05% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs FRA:LGC: 111.75

Heritage Global's Days Payable declined from Mar. 2025 (96.63) to Mar. 2026 (90.91). It may suggest that Heritage Global accelerated paying its suppliers.


Heritage Global Days Payable Historical Data

* Premium members only.

The historical data trend for Heritage Global's Days Payable 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.

Heritage Global Days Payable Chart

Heritage Global Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159.29 46.15 38.49 71.44 76.42

Heritage Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 96.63 130.74 184.49 73.18 90.91

FRA:LGC vs MATH, GSIW, PLUT: Days Payable Comparison

For the Capital Markets subindustry, Heritage Global's Days Payable, along with its competitors' market caps and Days Payable 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.


Heritage Global Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Heritage Global's Days Payable falls into.


FRA:LGC
84GF Score
Heritage Global Inc FRA:LGC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heritage Global Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Heritage Global's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (7.083 + 6.211) / 2 ) / 31.746*365
=6.647 / 31.746*365
=76.42

Heritage Global's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (6.211 + 9.075) / 2 ) / 7.672*365 / 4
=7.643 / 7.672*365 / 4
=90.91

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 90.91 mean?
Heritage Global (FRA:LGC) has a Days Payable of 90.91 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Heritage Global and its competitors. This is 26% above median its historical median of 72.12. Over the past decade, Heritage Global's Days Payable has ranged from 38.05 to 159.29. According to the industry distribution chart, Heritage Global ranks #254 out of 541 companies in the Capital Markets industry, placing it in the top 47%.
Is Heritage Global's Days Payable too high?
Heritage Global's current Days Payable of 90.91 is 26% above median its 10-year median of 72.12. Over the past 10 years, this metric has ranged from a low of 38.05 to a high of 159.29. The Capital Markets industry median Days Payable is 92.89. Heritage Global's value of 90.91 is 2.1% below this industry median. Based on the distribution chart, Heritage Global ranks #254 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Heritage Global has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heritage Global's Days Payable compare to MATH and GSIW?
According to the Capital Markets industry distribution chart, Heritage Global ranks #254 out of 541 companies for Days Payable. This puts Heritage Global in the upper half of its industry. The industry median Days Payable is 92.89. Heritage Global's value of 90.91 is 2.1% below this benchmark. Historically, Heritage Global's own Days Payable has ranged from 38.05 to 159.29 over the past decade. While the company's 10-year median is 72.12 vs. the industry median of 92.89, Heritage Global 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 Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 92.89, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heritage Global's current Days Payable of 90.91 is 2.1% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Heritage Global and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Global's current Days Payable is 90.91, which is 26% above median its own 10-year median of 72.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Global stock overvalued right now?
Based on GuruFocus' analysis, Heritage Global (FRA:LGC) is currently considered Possible Value Trap. The stock's GF Value™ is €1.97, compared to a current price of €1.03 — trading 47.7% below its estimated fair value. The current Days Payable is 90.91, which is 26% above median its 10-year median of 72.12 and 2.1% below the Capital Markets industry median of 92.89. Heritage Global's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Heritage Global (FRA:LGC), the current Days Payable is 90.91 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 Heritage Global (FRA:LGC) Overvalued in 2026?

Based on GuruFocus' analysis, Heritage Global stock appears to be undervalued. The current stock price of €1.03 is trading 47.7% below its estimated GF Value™ of €1.97. GuruFocus considers Heritage Global to be Possible Value Trap.

Key valuation signals for FRA:LGC:

  • Days Payable: 90.91 (26% above median its 10-year median of 72.12)
  • GF Value™: €1.97 vs. price of €1.03 (47.7% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 2.1% below the Capital Markets median (#254 of 541)

No single metric tells the full story. See the FRA:LGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heritage Global Business Description

Other Exchanges HGBL:USA
Address 6130 Nancy Ridge Drive, San Diego, San Diego, CA, USA, 92121
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It operates in four segments. The Auction and Liquidation segment, which operates as a full-service auction, appraisal, and asset advisory firm, includes the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. Brokerage segment, through NLEX, brokers charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
84GF Score

Get the complete analysis for FRA:LGC

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

€1.03
Price
€1.97
GF Value