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
WhiteHorse Finance declares $0.05 special dividend
Oct 14WhiteHorse Finance GAAP EPS of $0.32 misses by $0.02, total investment income of $20M misses by $0.47M
Aug 10WhiteHorse Finance: 9% Yield, Steady Dividends Since 2012, Selling Below NAV
Jan 07WhiteHorse Finance: An Undercovered Strong BDC Performer With A 10.25% Yield
Dec 14WhiteHorse Finance EPS in-line, misses on Total investment income
May 10WhiteHorse Finance NII beats by $0.09, beats on total investment income
Nov 09Financial Position Analysis
Short Term Liabilities: WHF's short term assets ($34.6M) exceed its short term liabilities ($27.2M).
Long Term Liabilities: WHF's short term assets ($34.6M) do not cover its long term liabilities ($386.8M).
Debt to Equity History and Analysis
Debt Level: WHF's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: WHF's debt to equity ratio has increased from 55.8% to 122% over the past 5 years.
Debt Coverage: WHF's debt is well covered by operating cash flow (23.4%).
Interest Coverage: WHF's interest payments on its debt are not well covered by EBIT (2.5x coverage).