Horizon Technology Finance Balance Sheet Health
Financial Health criteria checks 0/6
Horizon Technology Finance has a total shareholder equity of $305.5M and total debt of $467.3M, which brings its debt-to-equity ratio to 153%. Its total assets and total liabilities are $789.6M and $484.1M respectively. Horizon Technology Finance's EBIT is $80.1M making its interest coverage ratio 2.4. It has cash and short-term investments of $33.0M.
Key information
152.98%
Debt to equity ratio
US$467.28m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$33.03m |
| Equity | US$305.46m |
| Total liabilities | US$484.14m |
| Total assets | US$789.59m |
Recent financial health updates
No updates
Recent updates
Horizon Technology Finance: Q1 Earnings Disappoint And Reinforce Dividend Weakness
May 06Horizon Technology: One Of My Highest-Conviction No-Gos In The BDC Space
Apr 23Horizon Technology Finance: Buy The Dip For Hefty Dividends And Steady Price Upside
Mar 11Horizon Technology: The Dividend Is No Longer Supported
Dec 288.19% From Horizon Baby Bonds Comes With Low Duration And Decent Credit Score
Oct 29Horizon Technology: Edging Closer To A Potential Dividend Cut
Aug 17Horizon Technology Finance: Drop In Earnings Could Result In Distribution Cut (Rating Downgrade)
Aug 11Horizon Technology: The Risks Have Increased, While Yield Has Remained Unattractive
Jun 21Horizon Technology Finance: Attractive Price Entry Offset By Drop In Portfolio Quality
May 20Horizon Technology Finance: This 12% Yield Is Not As Risky As It Looks (Rating Upgrade)
Apr 19Horizon Technology Finance: Still Too Expensive After The Price Correction
Mar 21Horizon Technology: Time To Be Careful (Rating Downgrade)
Mar 15Horizon Technology: High-Quality BDC But Overvalued
Feb 20Horizon Technology: A 10% Yield For Long-Term Investors
Jan 23Horizon Technology: New Year, More Monthly Dividends
Jan 15Horizon Technology Finance provides $30M of growth capital to Kodiak Robotics
Oct 11Horizon Technology Finance GAAP EPS of $0.35 beats by $0.01, revenue of $18.59M beats by $1.7M
Aug 02Horizon Technology Finance: Put This 10.4% Yield On Your Radar
Jun 30Horizon Technology Finance: An 8.46% Yield You Cannot Miss
Apr 17Horizon Technology Finance: 8.3% Yield, Have Your Money Work For You
Jan 28Horizon Technology Finance: Strong Results And Dividend, But On The Expensive Side
Nov 16Horizon Technology Finance: Income From Venture Growth, But At A Steep Premium
Oct 137% Yield: Horizon Technology Finance Pays You Monthly With No Non-Accruals
Aug 01Financial Position Analysis
Short Term Liabilities: HRZN's short term assets ($52.9M) do not cover its short term liabilities ($74.4M).
Long Term Liabilities: HRZN's short term assets ($52.9M) do not cover its long term liabilities ($409.8M).
Debt to Equity History and Analysis
Debt Level: HRZN's net debt to equity ratio (142.2%) is considered high.
Reducing Debt: HRZN's debt to equity ratio has increased from 93.1% to 153% over the past 5 years.
Debt Coverage: HRZN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HRZN's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/21 19:50 |
| End of Day Share Price | 2025/05/21 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Horizon Technology Finance Corporation is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sean-Paul Adams | B. Riley Securities, Inc. |
| Bryce Rowe | B. Riley Securities, Inc. |
| Christopher York | Citizens JMP Securities, LLC |