WhiteHorse Finance Balance Sheet Health
Financial Health criteria checks 2/6
WhiteHorse Finance has a total shareholder equity of $316.8M and total debt of $386.4M, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are $730.8M and $414.0M respectively. WhiteHorse Finance's EBIT is $73.6M making its interest coverage ratio 2.5. It has cash and short-term investments of $10.7M.
Key information
122.0%
Debt to equity ratio
US$386.45m
Debt
Interest coverage ratio | 2.5x |
Cash | US$10.75m |
Equity | US$316.77m |
Total liabilities | US$413.98m |
Total assets | US$730.75m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M9X's short term assets ($34.6M) exceed its short term liabilities ($27.2M).
Long Term Liabilities: M9X's short term assets ($34.6M) do not cover its long term liabilities ($386.8M).
Debt to Equity History and Analysis
Debt Level: M9X's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: M9X's debt to equity ratio has increased from 55.8% to 122% over the past 5 years.
Debt Coverage: M9X's debt is well covered by operating cash flow (23.4%).
Interest Coverage: M9X's interest payments on its debt are not well covered by EBIT (2.5x coverage).