Loading...
•
Sep 30, 2020
Hercules Capital Q3 2020 Earnings Report
Reported strong Q3 2020 financial results with net investment income providing 106% coverage of base distribution payout and record Q3 new debt and equity commitments and total fundings. Maintained strong liquidity.
Key Takeaways
Hercules Capital announced strong Q3 2020 results, featuring record debt and equity commitments of $514.3 million and total fundings of $265.5 million. NII provided 106% coverage of the base distribution payout, and the company declared a $0.02 supplemental distribution. Available liquidity remained strong at $465.1 million.
Net Investment Income (NII) of $38.7 million, or $0.34 per share.
Record Q3 new debt and equity commitments of $514.3 million, an increase of 113.1% year-over-year.
Record Q3 total gross fundings of $265.5 million, an increase of 50.0% year-over-year.
$465.1 million of available liquidity.
Forward Guidance
Hercules Capital will continue to vigilantly monitor its portfolio companies and their future liquidity needs as they address the economic uncertainty associated with the ongoing global health pandemic. With strong liquidity and conservative leverage, they are well positioned to help our management teams through this period of volatility and believe they will enter 2021 in a position of relative strength.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...