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
WhiteHorse Finance: Growing Non-Accruals And Lower Earnings (Rating Downgrade)
Sep 02WhiteHorse Finance: Well-Covered Dividend But Lacks NAV Growth
May 22WhiteHorse Finance: 12% BDC Yield, Mr. Market Says 'Meh'
Apr 19WhiteHorse 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 ($29.2M) do not cover its short term liabilities ($33.5M).
Long Term Liabilities: WHF's short term assets ($29.2M) do not cover its long term liabilities ($353.2M).
Debt to Equity History and Analysis
Debt Level: WHF's net debt to equity ratio (115.1%) is considered high.
Reducing Debt: WHF's debt to equity ratio has increased from 73.5% to 118.8% over the past 5 years.
Debt Coverage: WHF's debt is well covered by operating cash flow (20.8%).
Interest Coverage: WHF's interest payments on its debt are not well covered by EBIT (2.4x coverage).