Horizon Technology Finance Balance Sheet Health
Financial Health criteria checks 2/6
Horizon Technology Finance has a total shareholder equity of $324.0M and total debt of $462.2M, which brings its debt-to-equity ratio to 142.7%. Its total assets and total liabilities are $802.4M and $478.4M respectively. Horizon Technology Finance's EBIT is $91.9M making its interest coverage ratio 3.2. It has cash and short-term investments of $46.6M.
Key information
142.7%
Debt to equity ratio
US$462.24m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$46.63m |
| Equity | US$323.98m |
| Total liabilities | US$478.38m |
| Total assets | US$802.36m |
Recent financial health updates
No updates
Recent updates
Horizon 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 01Horizon Technology Finance appoints operations chief
Jun 097.5%-Yielding Horizon Technology Finance: This Monthly Payer Generates High Debt Yields
Apr 27Horizon provides Q4 portfolio update, funded nine loans totaling $76.6M
Jan 13Horizon Technology Finance and Silicon Valley Bank provide $20M venture loan to Canary Medical
Jan 04Horizon Technology Finance funds $15M venture loan facility to Alula
Dec 31Horizon Technology Finance: Translating Venture Tech To Income
Nov 23Horizon Technology Finance: High 10.1% Yield With Low Leverage
Nov 20Horizon Technology Finance grants $25M venture loan facility to Getaround
Nov 12Financial Position Analysis
Short Term Liabilities: HRZN's short term assets ($63.2M) exceed its short term liabilities ($16.1M).
Long Term Liabilities: HRZN's short term assets ($63.2M) do not cover its long term liabilities ($462.2M).
Debt to Equity History and Analysis
Debt Level: HRZN's net debt to equity ratio (128.3%) is considered high.
Reducing Debt: HRZN's debt to equity ratio has increased from 94.5% to 142.7% 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 well covered by EBIT (3.2x coverage).