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Dec 31, 2020
Hercules Capital Q4 2020 Earnings Report
Reported financial results for the fourth quarter and full-year ended December 31, 2020.
Key Takeaways
Hercules Capital reported strong Q4 2020 results, with net asset value per share increasing 9.7% to $11.26, and net investment income providing 116% coverage of the base distribution payout. The company closed over $1.0 billion in new debt and equity commitments for the third consecutive year and delivered record total investment income and net investment income.
Net Investment Income (NII) of $42.2 million, or $0.37 per share, an increase of 5.1% year-over-year.
Total Investment Income of $75.3 million, an increase of 6.7% year-over-year.
Q4 new debt and equity commitments of $150.8 million.
Available liquidity of $673.3 million.
Hercules Capital
Hercules Capital
Forward Guidance
Hercules Capital enters 2021 from a position of strength with record liquidity, conservative leverage, and strong originations momentum. They made significant investments throughout 2020 in their team, infrastructure, and systems, positioning them for future growth.
Positive Outlook
- Record liquidity
- Conservative leverage
- Strong originations momentum
- Investments in team
- Investments in infrastructure and systems