WhiteHorse Finance Balance Sheet Health
Financial Health criteria checks 1/6
WhiteHorse Finance has a total shareholder equity of $296.9M and total debt of $352.8M, which brings its debt-to-equity ratio to 118.8%. Its total assets and total liabilities are $683.6M and $386.7M respectively. WhiteHorse Finance's EBIT is $69.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $11.2M.
Key information
118.8%
Debt to equity ratio
US$352.80m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$11.16m |
| Equity | US$296.88m |
| Total liabilities | US$386.71m |
| Total assets | US$683.58m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M9X's short term assets ($29.2M) do not cover its short term liabilities ($33.5M).
Long Term Liabilities: M9X's short term assets ($29.2M) do not cover its long term liabilities ($353.2M).
Debt to Equity History and Analysis
Debt Level: M9X's net debt to equity ratio (115.1%) is considered high.
Reducing Debt: M9X's debt to equity ratio has increased from 73.5% to 118.8% over the past 5 years.
Debt Coverage: M9X's debt is well covered by operating cash flow (20.8%).
Interest Coverage: M9X's interest payments on its debt are not well covered by EBIT (2.4x coverage).