WhiteHorse Finance Financials

WHF Stock  USD 10.49  0.01  0.1%   
Based on the measurements of operating efficiency obtained from WhiteHorse Finance's historical financial statements, WhiteHorse Finance may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, WhiteHorse Finance's Non Current Assets Total are most likely to increase significantly in the upcoming years. The WhiteHorse Finance's current Long Term Debt is estimated to increase to about 531.8 M, while Short and Long Term Debt Total is projected to decrease to roughly 353.3 M. Key indicators impacting WhiteHorse Finance's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.530.5
Notably Up
Slightly volatile
Operating Income38.3 M73.6 M
Way Down
Slightly volatile
Current Ratio0.730.7672
Notably Down
Very volatile
Investors should never underestimate WhiteHorse Finance's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor WhiteHorse Finance's cash flow, debt, and profitability to make informed and accurate decisions about investing in WhiteHorse Finance.

Net Income

29.98 Million

  
Understanding current and past WhiteHorse Finance Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of WhiteHorse Finance's financial statements are interrelated, with each one affecting the others. For example, an increase in WhiteHorse Finance's assets may result in an increase in income on the income statement.

WhiteHorse Finance Stock Summary

WhiteHorse Finance competes with Monroe Capital, Portman Ridge, Fidus Investment, Diamond Hill, and Horizon Technology. WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It typically invests between 5 million to 25 million in companies having enterprise value of between 50 million and 350 million. Whitehorse Finance is traded on NASDAQ Exchange in the United States.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS96524V1061
CUSIP96524V106
LocationFlorida; U.S.A
Business Address1450 Brickell Avenue,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.whitehorsefinance.com
Phone305 379 2322
CurrencyUSD - US Dollar

WhiteHorse Finance Key Financial Ratios

WhiteHorse Finance Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets631.2M719.0M851.0M796.5M730.8M622.8M
Other Current Liab(10.9M)(11.4M)(12.7M)(11.0M)(13.1M)(12.5M)
Other Liab143K372K839K825K742.5K1.0M
Net Debt294.6M376.8M464.6M431.7M(10.7M)(10.2M)
Retained Earnings12.2M12.9M10.6M(6.9M)(21.5M)(20.4M)
Accounts Payable10.9M11.4M12.7M13.4M13.1M9.6M
Cash4.3M8.1M12.2M9.5M10.7M10.2M
Other Assets30.9M8.9M12.1M18.9M(558.4M)(530.5M)
Long Term Debt182.1M176.0M298.9M440.4M506.5M531.8M
Net Receivables6.4M11.2M7.5M8.1M8.9M6.6M
Other Current Assets(33.9M)1.1M1.3M(35.1M)1.2M1.3M
Total Liab318.3M406.1M501.3M464.1M414.0M310.9M
Total Current Assets10.7M19.3M19.7M667.9M20.8M19.8M
Net Tangible Assets313.0M312.9M349.8M332.4M382.2M321.3M
Capital Surpluse302.3M301.6M300.7M339.2M390.1M327.8M
Net Invested Capital612.0M698.1M826.5M773.6M703.2M718.8M

WhiteHorse Finance Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense13.5M13.1M16.6M21.9M29.9M31.4M
Total Revenue34.2M36.0M35.4M21.4M103.3M108.4M
Gross Profit34.2M36.0M35.4M(2.0M)77.2M81.1M
Operating Income31.7M32.4M31.1M60.2M73.6M38.3M
Ebit31.7M32.4M31.1M(1.5M)(2.0M)(1.9M)
Ebitda31.7M32.4M38.7M36.0M50.6M41.4M
Cost Of Revenue32.1M20.8M22.2M23.3M26.0M27.4M
Income Before Tax31.7M32.4M31.1M16.7M20.4M30.4M
Net Income30.8M31.7M30.1M15.7M20.4M30.0M
Income Tax Expense813K742K1.0M1.0M965K696K
Interest Income57.5M56.6M63.2M76.5M89.5M63.7M
Net Interest Income44.0M43.5M46.6M54.5M60.5M51.4M
Tax Provision813K742K1.0M1.0M1.1M1.0M

WhiteHorse Finance Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(6.2M)(11.6M)6.5M3.8M(1.8M)(1.9M)
Free Cash Flow(95.0M)(64.6M)(90.2M)72.0M90.4M94.9M
Depreciation(53K)(3.3M)7.6M9.2M22.0M23.1M
Other Non Cash Items(118.9M)(96.7M)(135.0M)48.6M67.3M70.6M
Net Income30.8M31.7M30.1M15.7M20.4M30.0M
End Period Cash Flow27.5M15.9M22.5M26.3M24.5M32.7M
Dividends Paid33.2M31.7M29.8M33.1M35.3M30.4M
Net Borrowings123.9M86.2M91.8M(34.9M)(40.1M)(38.1M)
Change To Netincome(119.9M)(101.1M)(129.6M)56.3M64.7M68.0M

WhiteHorse Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining WhiteHorse Finance's current stock value. Our valuation model uses many indicators to compare WhiteHorse Finance value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across WhiteHorse Finance competition to find correlations between indicators driving WhiteHorse Finance's intrinsic value. More Info.
WhiteHorse Finance is rated below average in return on equity category among its peers. It is rated fifth in return on asset category among its peers reporting about  1.82  of Return On Asset per Return On Equity. At this time, WhiteHorse Finance's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value WhiteHorse Finance by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

WhiteHorse Finance Systematic Risk

WhiteHorse Finance's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. WhiteHorse Finance volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on WhiteHorse Finance correlated with the market. If Beta is less than 0 WhiteHorse Finance generally moves in the opposite direction as compared to the market. If WhiteHorse Finance Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one WhiteHorse Finance is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of WhiteHorse Finance is generally in the same direction as the market. If Beta > 1 WhiteHorse Finance moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in WhiteHorse Finance Stock are looking for potential investment opportunities by analyzing not only static indicators but also various WhiteHorse Finance's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of WhiteHorse Finance growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.81

At this time, WhiteHorse Finance's Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

WhiteHorse Finance November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of WhiteHorse Finance help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of WhiteHorse Finance. We use our internally-developed statistical techniques to arrive at the intrinsic value of WhiteHorse Finance based on widely used predictive technical indicators. In general, we focus on analyzing WhiteHorse Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build WhiteHorse Finance's daily price indicators and compare them against related drivers.

Complementary Tools for WhiteHorse Stock analysis

When running WhiteHorse Finance's price analysis, check to measure WhiteHorse Finance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WhiteHorse Finance is operating at the current time. Most of WhiteHorse Finance's value examination focuses on studying past and present price action to predict the probability of WhiteHorse Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WhiteHorse Finance's price. Additionally, you may evaluate how the addition of WhiteHorse Finance to your portfolios can decrease your overall portfolio volatility.
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