Hercules Capital, Inc. Financial Ratios — HTGC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	1,470.37	384.45	337.64	- -	- -	- -	- -	99.48	73.79	337.12	229.4	356.82
Return on Assets (%)	7.01	5	8.48	5.65	3.27	4.93	5.07	4.25	7.88	8.94	6.67	3.63	10.47	7.26	8.07
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	0.47	0.38	0.19	0.23	0.2	0.18	0.15	0.15	0.11	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	63.47	61.25	73.25	61.87	44.84	61.68	58.27	56.21	71.26	76.32	68.26	55.29	79.13	74.34	77.47
Profit Margin (%)	63.47	61.25	73.25	61.87	44.84	61.68	58.27	56.21	71.26	76.32	68.26	55.29	79.13	74.34	77.47
Net Income to Common Margin (%)	63.47	61.25	73.25	61.87	44.84	61.68	58.27	56.21	71.26	76.32	68.26	55.29	79.13	74.34	77.47
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	78.5	97.69	64.61	108.27	198.04	131.78	127.71	147.36	76.07	67.07	100.77	240.13	81.09	115.4	95.95
Sustainable Growth Rate (%)	- -	- -	- -	-121.62	-376.92	-107.29	- -	- -	- -	- -	-0.77	-103.4	63.74	-35.34	14.44

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	316	596	557	626	640	660	787	1,017	1,403	1,296	1,244	1,580	1,560	1,787	2,303
ST Debt	10	- -	- -	- -	50	5	- -	53	104	- -	- -	- -	- -	- -	- -
LT Debt	306	596	557	626	590	655	787	964	1,299	1,296	1,244	1,580	1,560	1,787	2,303
Total Debt/EBITDA	907.26	2,062.63	2,212.06	2,354.35	3,314.04	3,266.4	3,914.69	5,109.26	5,353.18	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	692.72	1,429.43	1,147.11	1,500.53	2,561.73	3,177	3,460.41	4,671.23	4,666.73	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-0.9	-0.33	0.41	0.36	1.34	1.57	-4.08	-4.77	-0.49	5.09	8.33	1.98	4.1	2.33	2.21
Long-Term Debt/Equity (%)	70.88	115.53	85.76	95.05	82.22	83.1	93.57	100.87	114.61	100.33	95.04	112.73	86.54	89.83	103.91
Long-Term Debt/Capital (%)	98.88	100.62	99.1	99.27	89.7	95.9	109.39	104.31	93.39	90.66	85.16	96.34	91.76	95.25	95.78
Long-Term Debt/Total Assets (%)	40.88	53.05	45.63	48.2	44.53	44.72	47.55	49.55	52.75	49.39	47.83	52.16	45.66	46.64	50.23
Total Debt/Equity (%)	73.25	115.53	85.76	95.05	89.19	83.74	93.57	106.42	123.78	100.33	95.04	112.73	86.54	89.83	103.91
Total Debt/Capital (%)	102.18	100.62	99.1	99.27	97.31	96.63	109.39	110.04	100.87	90.66	85.16	96.34	91.76	95.25	95.78
Total Debt/Total Assets (%)	42.24	53.05	45.63	48.2	48.31	45.06	47.55	52.27	56.97	49.39	47.83	52.16	45.66	46.64	50.23
Net Debt to Equity	55.93	80.06	44.47	60.58	68.94	81.45	82.71	97.29	107.91	-15.35	-10.17	-1.13	-5.49	-5.69	-2.57
Net Debt/Capital (%)	98.59	100.9	98.28	98.85	87.96	95.82	110.75	104.47	92.2	-16.11	-10.03	-0.97	-6.18	-6.42	-2.43
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-0.9	-0.33	0.41	0.36	1.34	1.57	-4.08	-4.77	-0.49	5.09	8.33	1.98	4.1	2.33	2.21
Long-Term Debt/Equity (%)	70.88	115.53	85.76	95.05	82.22	83.1	93.57	100.87	114.61	100.33	95.04	112.73	86.54	89.83	103.91
Long-Term Debt/Capital (%)	98.88	100.62	99.1	99.27	89.7	95.9	109.39	104.31	93.39	90.66	85.16	96.34	91.76	95.25	95.78
Long-Term Debt/Total Assets (%)	40.88	53.05	45.63	48.2	44.53	44.72	47.55	49.55	52.75	49.39	47.83	52.16	45.66	46.64	50.23
Total Debt/Equity (%)	73.25	115.53	85.76	95.05	89.19	83.74	93.57	106.42	123.78	100.33	95.04	112.73	86.54	89.83	103.91
Total Debt/Capital (%)	102.18	100.62	99.1	99.27	97.31	96.63	109.39	110.04	100.87	90.66	85.16	96.34	91.76	95.25	95.78
Total Debt/Total Assets (%)	42.24	53.05	45.63	48.2	48.31	45.06	47.55	52.27	56.97	49.39	47.83	52.16	45.66	46.64	50.23
CFO/Total Liabilities	-44.1	-31.91	18.12	-4.14	-18.85	-20.46	-2.26	-25.15	-18.11	15.6	9.96	-26.1	4.23	-6.41	-17.98
CFO/CapEx	-738.23	-2,229.14	333.1	-139.64	-611.56	-549.15	-67.15	-524.15	-404.48	1,516.8	1,213.41	-3,726.31	76.98	-167.5	-4,784.28
Altman's Z-Score	0.86	0.6	1.13	0.96	0.93	1.02	0.82	0.61	0.73	0.91	1.1	0.7	1.07	1.18	0.97

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	14.3	9.88	14.6	12.5	10.24	10.68	11.36	9.31	13.11	29.47	- -	- -	- -	- -	- -
Days Sales Outstanding	25.52	36.95	25	29.21	35.64	34.16	32.14	39.19	27.84	12.38	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	406	546	965	921	847	1,041	1,083	1,005	1,418	1,615	1,904	1,655	2,402	3,236	3,339
- Cash & Cash Equivalents	64	183	268	227	95	13	91	34	64	198	133	16	99	113	57
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	316	596	557	626	640	660	787	1,017	1,403	1,296	1,244	1,580	1,560	1,787	2,303
Enterprise Value	657	959	1,254	1,320	1,391	1,687	1,778	1,987	2,756	2,712	3,014	3,219	3,863	4,910	5,584
Total Capital	309	592	562	631	657	683	719	924	1,390	1,429	1,460	1,640	1,700	1,876	2,404
Total Debt/Capital (%)	102.18	100.62	99.1	99.27	97.31	96.63	109.39	110.04	100.87	90.66	85.16	96.34	91.76	95.25	95.78
Total Debt / EV	0.48	0.62	0.44	0.47	0.46	0.39	0.44	0.51	0.51	0.48	0.41	0.49	0.4	0.36	0.41
EV/Sales	8.89	12.57	9.24	11.47	14.54	15.15	13.12	14.6	11.31	9.11	11.81	17.43	9.06	13.88	12.73
EV/EBITDA	1,888.1	3,319.14	4,976.25	4,961.08	7,209.13	8,353.58	8,846.73	9,986.41	10,519.12	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	12.11	- -	- -	- -	- -	- -	- -	13.05	23.43	- -	56.58	- -	- -
EV/Free Cash Flow to Firm	- -	- -	12.07	- -	- -	- -	- -	- -	- -	13.04	23.41	- -	55.85	- -	- -
Diluted Market Cap	409	547	989	941	849	1,041	1,084	1,006	1,424	1,619	1,924	1,674	2,414	3,247	3,554
Diluted Enterprise Value	660	960	1,278	1,340	1,394	1,688	1,780	1,989	2,762	2,717	3,034	3,238	3,875	4,921	5,800
EV per Share	15.28	19.55	21.31	21.33	20.03	22.88	21.55	21.86	27.25	24.22	26.27	25.71	26.81	30.48	31.48
TTM Sales	74	76	136	115	96	111	136	136	244	298	255	185	426	354	439
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-140	-194	104	-27	-114	-138	-18	-249	-241	208	129	-425	68	-118	-426
TTM Free Cash Flow to Firm	-139	-194	104	-26	-114	-138	-18	-248	-240	208	129	-425	69	-117	-426

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	-2.93	-2.82	9.52	-35.72	-7.44	-7.54	-59.82	-4.05	-5.93	7.79	14.94	-3.94	34.91	-27.66	-8.35
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	657	959	1,254	1,320	1,391	1,687	1,778	1,987	2,756	2,712	3,014	3,219	3,863	4,910	5,584
Low Price	7.79	9.3	11.15	12.95	9.88	9.92	11.64	10.57	10.95	5.42	14.01	11.16	10.94	16.51	15.65
EV/Sales	8.89	12.57	9.24	11.47	14.54	15.15	13.12	14.6	11.31	9.11	11.81	17.43	9.06	13.88	12.73
EV/EBITDA	1,888.1	3,319.14	4,976.25	4,961.08	7,209.13	8,353.58	8,846.73	9,986.41	10,519.12	- -	- -	- -	- -	- -	- -
Price/Earnings	8.65	11.68	9.7	12.93	19.74	15.15	13.7	13.13	8.17	7.11	10.93	16.21	7.12	12.31	9.83
Price/Earnings Average	9.17	11.36	8.27	13.3	20.29	13.49	14.22	14.99	7.67	5.79	10.97	18.7	6.4	11.68	9.8
Price/Earnings High	10.58	12.26	10.21	14.76	25.43	15.39	16.38	16.28	8.46	8.08	11.99	23.41	7.71	13.34	11.51
Price/Earnings Low	7.13	9.76	6.6	11.25	16	10.65	12.16	12.56	6.38	2.67	9.23	13.69	4.67	10.11	8.17
Price/Book Value	-60.3	-148.53	190.89	198.9	47.86	45.25	-16.03	-10.83	-117.6	12.1	8.79	27.56	17.14	36.32	32.95
Price/Book Value Average	-63.94	-144.52	162.74	204.58	49.2	40.29	-16.63	-12.36	-110.49	9.86	8.82	31.79	15.4	34.47	32.85
Price/Book Value High	-73.78	-155.86	200.78	227.1	61.67	45.99	-19.16	-13.43	-121.88	13.76	9.64	39.8	18.55	39.38	38.58
Price/Book Value Low	-49.76	-124.1	129.78	173.1	38.79	31.81	-14.22	-10.36	-91.85	4.55	7.42	23.27	11.25	29.85	27.4
Price/Tangible Book Value	0.94	1.06	1.48	1.4	1.18	1.32	1.29	1.05	1.25	1.25	1.45	1.18	1.33	1.63	1.51
Price/Tangible Book Value Average	1	1.03	1.27	1.44	1.21	1.18	1.34	1.2	1.18	1.02	1.46	1.36	1.2	1.54	1.5
Price/Tangible Book Value High	1.15	1.11	1.56	1.6	1.52	1.34	1.54	1.3	1.3	1.42	1.6	1.71	1.44	1.76	1.76
Price/Tangible Book Value Low	0.78	0.88	1.01	1.22	0.96	0.93	1.14	1.01	0.98	0.47	1.23	1	0.87	1.34	1.25
Price/Sales	5.49	7.15	7.11	8	8.85	9.34	7.99	7.38	5.82	5.42	7.46	8.96	5.63	9.15	7.61
Price/Sales Average	5.82	6.96	6.06	8.23	9.1	8.32	8.28	8.43	5.47	4.42	7.49	10.34	5.06	8.68	7.59
Price/Sales High	6.71	7.51	7.48	9.13	11.4	9.49	9.54	9.15	6.03	6.17	8.19	12.94	6.1	9.92	8.92
Price/Sales Low	4.53	5.98	4.83	6.96	7.17	6.57	7.08	7.06	4.55	2.04	6.3	7.57	3.7	7.52	6.33
Price/Cash Flow	-2.91	-2.82	9.31	-34.7	-7.41	-7.52	-58.84	-4.04	-5.89	7.77	14.8	-3.9	35.18	-27.4	-7.84
Price/Cash Flow Average	-3.08	-2.74	7.94	-35.69	-7.61	-6.7	-61.03	-4.61	-5.54	6.34	14.86	-4.49	31.61	-26.01	-7.82
Price/Cash Flow High	-3.56	-2.96	9.8	-39.62	-9.54	-7.64	-70.32	-5	-6.11	8.84	16.24	-5.63	38.09	-29.71	-9.18
Price/Cash Flow Low	-2.4	-2.35	6.33	-30.2	-6	-5.29	-52.2	-3.86	-4.6	2.92	12.5	-3.29	23.09	-22.52	-6.52
Price/Free Cash Flow Average	-3.11	-2.75	8.11	-36.74	-7.65	-6.71	-62.04	-4.62	-5.57	6.35	15	-4.55	31.37	-26.25	-8.32
Price/Free Cash Flow High	-3.59	-2.96	10.01	-40.78	-9.59	-7.66	-71.49	-5.02	-6.15	8.85	16.39	-5.69	37.8	-29.98	-9.78
Price/Free Cash Flow Low	-2.42	-2.36	6.47	-31.08	-6.03	-5.3	-53.07	-3.87	-4.63	2.93	12.62	-3.33	22.91	-22.73	-6.94
EV/Sales Average	9.22	12.37	8.19	11.7	14.79	14.13	13.41	15.65	10.96	8.11	11.84	18.81	8.49	13.41	12.71
EV/Sales High	10.11	12.92	9.61	12.6	17.09	15.3	14.67	16.37	11.53	9.85	12.54	21.41	9.52	14.65	14.04
EV/Sales Low	7.93	11.39	6.96	10.43	12.86	12.37	12.21	14.28	10.04	5.72	10.65	16.04	7.12	12.25	11.45
EV/EBITDA Average	1,958.61	3,268.15	4,411.55	5,059.85	7,332.23	7,789.45	9,047.35	10,698.75	10,191.86	- -	- -	- -	- -	- -	- -
EV/EBITDA High	2,148.75	3,412.53	5,174.71	5,451.79	8,476.31	8,437.56	9,897.72	11,197.27	10,715.98	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	1,684.28	3,008.44	3,750.46	4,512.24	6,377.54	6,823.76	8,239.13	9,767.08	9,334.1	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	9.44	11.13	16.4	14.88	12.19	14.11	13.12	11.05	14.02	14.42	16.59	13.22	16.67	20.09	18.82
High Price	11.55	11.68	17.25	16.99	15.71	14.34	15.68	13.7	14.53	16.4	18.2	19.09	18.05	21.78	22.04
Enterprise Value Average	682	944	1,112	1,346	1,415	1,573	1,819	2,129	2,670	2,415	3,022	3,473	3,620	4,745	5,574
Enterprise Value High	748	986	1,304	1,450	1,636	1,704	1,989	2,228	2,808	2,934	3,199	3,954	4,062	5,182	6,155
Enterprise Value Low	586	869	945	1,200	1,231	1,378	1,656	1,944	2,446	1,705	2,718	2,961	3,038	4,333	5,022

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	44	53	62	65	72	80	84	97	107	115	117	133	158	171	183
Diluted Weighted Avg Shares	43	49	60	63	70	74	83	91	102	112	116	127	145	162	189
Basic Weighted Avg Shares	43	49	59	62	69	74	83	91	101	112	115	125	144	161	177
Revenue per Share	1.72	1.56	2.31	1.86	1.38	1.51	1.64	1.5	2.41	2.66	2.22	1.47	2.96	2.2	2.47
EBITDA per Share	0.01	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.09	0.95	1.69	1.15	0.62	0.93	0.96	0.84	1.72	2.03	1.52	0.82	2.34	1.63	1.92
Basic EPS from Cont Ops	1.09	0.95	1.69	1.15	0.62	0.93	0.96	0.84	1.72	2.03	1.52	0.82	2.34	1.63	1.92
Diluted EPS, GAAP	1.08	0.95	1.65	1.13	0.62	0.93	0.96	0.84	1.71	2.02	1.5	0.81	2.33	1.63	1.8
Diluted EPS from Cont Ops	1.08	0.95	1.65	1.13	0.62	0.93	0.96	0.84	1.71	2.02	1.5	0.81	2.33	1.63	1.8
Dividend per Share	0.86	0.93	1.09	1.25	1.22	1.23	1.22	1.24	1.31	1.36	1.53	1.96	1.9	1.88	1.84
Cash Flow per Share	-3.25	-3.95	1.76	-0.43	-1.65	-1.88	-0.22	-2.74	-2.38	1.86	1.12	-3.39	0.47	-0.73	-2.4
Free Cash Flow per Basic Share	-3.25	-3.95	1.76	-0.43	-1.65	-1.88	-0.23	-2.74	-2.39	1.85	1.12	-3.39	0.47	-0.74	-2.4
Cash & Equivalents per Share	1.5	3.73	4.56	3.67	1.37	0.18	1.11	0.38	0.64	1.77	1.16	0.13	0.69	0.7	0.32
Book Value per Share	-0.16	-0.07	0.09	0.07	0.25	0.31	-0.82	-1.02	-0.12	1.19	1.89	0.48	0.97	0.55	0.57
Tangible Book Value per Share	10.03	10.52	11.05	10.65	10.32	10.68	10.19	10.51	11.2	11.53	11.4	11.19	12.51	12.35	12.49

Hercules Capital, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)