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Mar 31, 2020
Hercules Capital Q1 2020 Earnings Report
Reported record net investment income and maintained strong liquidity.
Key Takeaways
Hercules Capital reported a record net investment income of $40.6 million, or $0.37 per share, which provides 116% coverage of the base distribution payout. The company's available liquidity was $438.2 million. New debt and equity commitments totaled $256.8 million.
Record Net Investment Income “NII” of $40.6 million, or $0.37 per share, an increase of 39.8% year-over-year
Provides 116% coverage of base distribution payout
Record Total Investment Income of $73.6 million, an increase of 25.2% year-over-year
$438.2 million of available liquidity
Forward Guidance
Hercules has pending commitments of $105.0 million in signed non-binding term sheets outstanding as of April 30, 2020. Since the close of Q1 2020 and as of April 30, 2020, Hercules has closed new debt and equity commitments of $58.8 million and funded $34.9 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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