WHF - NASDAQ

WhiteHorse Finance, Inc.

WHF·NASDAQ

$6.76

+1.1%

Financial ServicesAsset Management

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 prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$146.09M

EPS0.6200

P/E Ratio10.90

Earnings Date08/06/2026

615.13M

Assets

-9%

3Y-23.0%

5Y-14.0%

10Y+38.0%

355.34M

Total Liabilities

-9%

3Y-23.0%

5Y-12.0%

10Y+81.0%

259.79M

Total Equity

-9%

3Y-22.0%

5Y-17.0%

10Y-36.0%

WhiteHorse Finance, Inc. Funding & Solvency Profile

WHF · NASDAQ

Current Assets

Cash & Cash Equivalents29.32M

Net Receivables5.77M

Inventory0.00

Other Current Assets0.00

Total Current Assets35 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets0.00

Long-Term Investments578.65M

Other Non-Current Assets1.39M

Total Non-Current Assets580 M

Total Assets

615.13M

Financial Health Analysis

Current Ratio

1.14x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.37x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

4 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

6% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

WhiteHorse Finance, Inc. Balance Sheet

WHF • NASDAQ

WhiteHorse Finance, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	29.3M	12.4M	10.7M	9.5M	12.2M	8.1M	4.3M	24.1M	35.2M	17M	22.8M	11.6M	92.9M	156.1M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	272.4M	0.0
Cash & Short-Term Investments	29.3M	12.4M	10.7M	9.5M	12.2M	8.1M	4.3M	24.1M	35.2M	17M	22.8M	11.6M	365.3M	156.1M
Net Receivables	5.8M	5.7M	8.5M	8.1M	7.5M	11.2M	6.4M	10.2M	783K	4.8M	3.4M	2.7M	1.6M	1.5M
Accounts Receivables	5.8M	5.7M	8.5M	8.1M	7.5M	11.2M	0.0	0.0	783K	0.0	0.0	0.0	0.0	0.0
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	6.4M	10.2M	0.0	4.8M	3.4M	2.7M	1.6M	1.5M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	33.9M	0.0	0.0	0.0	0.0	5M	268.6M	0.0
Prepaids	0.0	1M	1.2M	1.2M	1.3M	1.1M	7.6M	575K	185K	854K	192K	494K	319K	367K
Other Current Assets	0.0	15.4M	14.1M	17.5M	10.8M	7.9M	0.0	0.0	3.7M	11M	3.5M	8.5M	6.9M	31.6M
Total Current Assets	35.1M	34.6M	34.6M	36.2M	31.8M	28.3M	10.7M	44.5M	44.9M	33.6M	29.9M	23.3M	370.3M	189.6M
NON-CURRENT ASSETS
Long-Term Investments	578.6M	130M	696.2M	760.2M	819.2M	690.7M	589.7M	469.6M	440.7M	411.7M	415.3M	403.5M	272.4M	180.5M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	631.2M	514.1M	485.5M	446.2M	0.0	0.0	0.0	0.0
Other Non-Current Assets	1.4M	512.2M	0.0	0.0	0.0	0.0	-631.2M	-514.1M	-485.5M	-445.4M	0.0	0.0	-268.6M	3.2M
Total Non-Current Assets	580M	642.2M	696.2M	760.2M	819.2M	690.7M	589.7M	469.6M	440.7M	412.6M	415.3M	403.5M	3.8M	183.7M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	30.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	615.1M	676.8M	730.8M	796.5M	851M	719M	631.2M	514.1M	485.5M	446.2M	445.2M	426.8M	374.2M	373.3M
LIABILITIES
CURRENT LIABILITIES
Total Payables	30.7M	5.7M	2.1M	2.3M	2.4M	2.2M	19.2M	22.8M	16.4M	14.5M	14.2M	11M	37.2M	3M
Accounts Payable	8.9M	5.7M	2.1M	2.3M	2.4M	2.2M	10.9M	11.6M	8.5M	9M	10.4M	6M	34.3M	2.7M
Other Payables	21.8M	0.0	0.0	0.0	0.0	0.0	-10.9M	11.2M	7.8M	5.5M	3.8M	5M	2.8M	306K
Accrued Expenses	0.0	22.6M	16.1M	12.3M	13.8M	11.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Short Term Debt	0.0	39.9M	0.0	29.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	-288.2M	-176M	-182.1M	-182.3M	0.0	-105.5M	0.0	0.0
Other Current Liabilities	0.0	8.9M	9M	8.3M	8.2M	7.3M	-19.2M	0.0	0.0	0.0	0.0	105.5M	0.0	0.0
Total Current Liabilities	30.7M	77.1M	27.2M	52.7M	24.5M	20.8M	10.9M	22.8M	16.5M	14.5M	14.2M	11M	37.2M	3M
NON-CURRENT LIABILITIES
Long Term Debt	323.8M	313.2M	386.4M	410.5M	476M	384.9M	0.0	176M	182.1M	182.3M	187M	190.5M	110M	141.3M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	318.3M	30K	198.6M	196.8M	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	-19.3M	30K	-153.9M	-163.2M	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	813K	340K	316K	825K	839K	372K	0.0	30K	0.0	0.0	-3.5M	-105.5M	0.0	0.0
Total Non-Current Liabilities	324.6M	313.6M	386.8M	411.4M	476.8M	385.3M	298.9M	176M	182.1M	182.3M	187M	190.5M	110M	141.3M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	8.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	355.3M	390.7M	414M	464.1M	501.3M	406.1M	318.3M	198.8M	198.6M	196.8M	201.2M	201.5M	147.2M	144.2M
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	13.7M	0.0	977K	199K	0.0	0.0	0.0
Common Stock	22K	23K	23K	23K	23K	21K	21K	21K	20K	18K	18K	15K	15K	15K
Additional Paid-In Capital	329.1M	337.2M	338.3M	339.2M	339.2M	300M	300.7M	301.6M	302.3M	272.2M	271.7M	228.7M	228.6M	228.5M
Retained Earnings	-69.4M	-51.1M	-21.5M	-6.9M	10.6M	12.9M	12.2M	13.7M	-6.8M	-6.4M	-7.6M	-5.9M	-854K	1.2M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	315.3M	-15.4M	-22.9M	-27.6M	-5.9M	0.0	-596K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	6.8M	0.0	0.0	0.0	-805K	0.0
Total Stockholders' Equity	259.8M	286.1M	316.8M	332.4M	349.8M	312.9M	313M	315.3M	287M	249.4M	244.1M	225.4M	227M	229M
Total Equity	259.8M	286.1M	316.8M	332.4M	349.8M	312.9M	584.5M	457.5M	430.1M	402.8M	244.1M	225.4M	227M	229M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	271.5M	142.2M	143.2M	153.4M	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	615.1M	676.8M	730.8M	796.5M	851M	719M	631.2M	514.1M	485.5M	446.2M	445.2M	426.8M	374.2M	373.3M
Total Investments	578.6M	130M	696.2M	760.2M	819.2M	690.7M	589.7M	469.6M	440.7M	411.7M	415.3M	403.5M	544.9M	180.5M
Total Debt	323.8M	353.1M	386.4M	440.4M	476M	384.9M	298.9M	176M	182.1M	182.3M	187M	190.5M	110M	141.3M
Net Debt	294.5M	340.7M	375.7M	430.9M	463.8M	376.8M	294.6M	151.8M	146.9M	165.3M	164.2M	178.9M	17.1M	-14.9M
Shares Outstanding	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088	23,243,088

SEC Filings

WHF - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 13, 2026	March 10, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 06, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 04, 2026	February 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 20, 2026	February 20, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 10, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 10, 2025	November 10, 2025	2025	View Filing

Showing 1 to 10 of 286 filings

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