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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.27
HRZN's Cash-to-Debt is ranked lower than
84% of the 1552 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. HRZN: 0.27 )
Ranked among companies with meaningful Cash-to-Debt only.
HRZN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.2 Max: N/A
Current: 0.27
Equity-to-Asset 0.59
HRZN's Equity-to-Asset is ranked lower than
72% of the 1426 Companies
in the Global Asset Management industry.

( Industry Median: 0.84 vs. HRZN: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
HRZN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44  Med: 0.59 Max: 0.67
Current: 0.59
0.44
0.67
Interest Coverage 2.91
HRZN's Interest Coverage is ranked lower than
89% of the 1412 Companies
in the Global Asset Management industry.

( Industry Median: 708.29 vs. HRZN: 2.91 )
Ranked among companies with meaningful Interest Coverage only.
HRZN' s Interest Coverage Range Over the Past 10 Years
Min: 1.25  Med: 2.31 Max: 4
Current: 2.91
1.25
4
Piotroski F-Score: 6
Altman Z-Score: 0.67
WACC vs ROIC
8.24%
6.18%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 49.92
HRZN's Operating Margin % is ranked higher than
51% of the 1444 Companies
in the Global Asset Management industry.

( Industry Median: 47.43 vs. HRZN: 49.92 )
Ranked among companies with meaningful Operating Margin % only.
HRZN' s Operating Margin % Range Over the Past 10 Years
Min: 34.8  Med: 44.78 Max: 56.94
Current: 49.92
34.8
56.94
Net Margin % -4.62
HRZN's Net Margin % is ranked lower than
80% of the 1447 Companies
in the Global Asset Management industry.

( Industry Median: 36.54 vs. HRZN: -4.62 )
Ranked among companies with meaningful Net Margin % only.
HRZN' s Net Margin % Range Over the Past 10 Years
Min: -4.62  Med: 41.91 Max: 56.94
Current: -4.62
-4.62
56.94
ROE % -1.03
HRZN's ROE % is ranked lower than
73% of the 1551 Companies
in the Global Asset Management industry.

( Industry Median: 4.09 vs. HRZN: -1.03 )
Ranked among companies with meaningful ROE % only.
HRZN' s ROE % Range Over the Past 10 Years
Min: -1.03  Med: 9.61 Max: 15.65
Current: -1.03
-1.03
15.65
ROA % -0.60
HRZN's ROA % is ranked lower than
71% of the 1583 Companies
in the Global Asset Management industry.

( Industry Median: 2.16 vs. HRZN: -0.60 )
Ranked among companies with meaningful ROA % only.
HRZN' s ROA % Range Over the Past 10 Years
Min: -0.6  Med: 5.5 Max: 7.46
Current: -0.6
-0.6
7.46
ROC (Joel Greenblatt) % 145.79
HRZN's ROC (Joel Greenblatt) % is ranked higher than
63% of the 940 Companies
in the Global Asset Management industry.

( Industry Median: 36.65 vs. HRZN: 145.79 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
HRZN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.3  Med: 415.48 Max: 960.47
Current: 145.79
8.3
960.47
3-Year Revenue Growth Rate -4.00
HRZN's 3-Year Revenue Growth Rate is ranked lower than
60% of the 1020 Companies
in the Global Asset Management industry.

( Industry Median: 0.40 vs. HRZN: -4.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
HRZN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -4 Max: 0.9
Current: -4
0
0.9
3-Year EBITDA Growth Rate 16.20
HRZN's 3-Year EBITDA Growth Rate is ranked higher than
70% of the 858 Companies
in the Global Asset Management industry.

( Industry Median: 0.20 vs. HRZN: 16.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
HRZN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 11.4 Max: 16.2
Current: 16.2
0
16.2
3-Year EPS without NRI Growth Rate 31.10
HRZN's 3-Year EPS without NRI Growth Rate is ranked higher than
79% of the 771 Companies
in the Global Asset Management industry.

( Industry Median: 3.00 vs. HRZN: 31.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
HRZN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 3.6 Max: 31.1
Current: 31.1
0
31.1
GuruFocus has detected 2 Warning Signs with Horizon Technology Finance Corp $HRZN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» HRZN's 10-Y Financials

Financials (Next Earnings Date: 2017-03-07)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

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Business Description

Industry: Asset Management » Asset Management    NAICS: 522298    SIC: 6799
Compare:OTCPK:SWKH, AMEX:HNW, NYSE:MFCB, AMEX:SBI, NYSE:SAR, AMEX:GLV, NYSE:NKG, NAS:CMFN, NAS:BANX, AMEX:IAF, OTCPK:UBAAF, NAS:ACSF, NAS:OFS, NAS:HNNA, AMEX:EIV, AMEX:CRF, NAS:GSVC, NAS:GECC, NYSE:EDI, NAS:KCAP » details
Horizon Technology Finance Corp is a specialty finance company that lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries, referred to as Target Industries.

Horizon Technology Finance Corp was formed in March 2010 for the purpose of acquiring Compass Horizon and continuing its business as a public entity. The Company is a specialty finance company that lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries, referred to as Target Industries. Its investment objective is to generate current income from loans and capital appreciation from the warrants it receives when making such loans. It makes secured loans to companies backed by established venture capital and private equity firms in its Target Industries, referred to as Venture Lending. The Company also selectively lends to publicly traded companies in its Target Industries. Venture Lending is typically characterized by the making of a secured loan after a venture capital or equity investment in the portfolio company has been made, which investment provides a source of cash to fund the portfolio company's debt service obligations under the Venture Loan; the senior priority of the Venture Loan which requires repayment of the Venture Loan prior to the equity investors realizing a return on their capital; the relatively rapid amortization of the Venture Loan; and the lender's receipt of warrants or other success fees with the making of the Venture Loan. The Company is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. In addition it has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986.

Ratios

vs
industry
vs
history
Forward PE Ratio 9.86
HRZN's Forward PE Ratio is ranked higher than
82% of the 138 Companies
in the Global Asset Management industry.

( Industry Median: 12.79 vs. HRZN: 9.86 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.93
HRZN's PB Ratio is ranked higher than
65% of the 1593 Companies
in the Global Asset Management industry.

( Industry Median: 1.01 vs. HRZN: 0.93 )
Ranked among companies with meaningful PB Ratio only.
HRZN' s PB Ratio Range Over the Past 10 Years
Min: 0.68  Med: 0.94 Max: 1.1
Current: 0.93
0.68
1.1
PS Ratio 3.82
HRZN's PS Ratio is ranked higher than
69% of the 1264 Companies
in the Global Asset Management industry.

( Industry Median: 6.75 vs. HRZN: 3.82 )
Ranked among companies with meaningful PS Ratio only.
HRZN' s PS Ratio Range Over the Past 10 Years
Min: 3.32  Med: 4.3 Max: 11.56
Current: 3.82
3.32
11.56
Price-to-Free-Cash-Flow 3.41
HRZN's Price-to-Free-Cash-Flow is ranked higher than
86% of the 365 Companies
in the Global Asset Management industry.

( Industry Median: 15.35 vs. HRZN: 3.41 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
HRZN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.83  Med: 6.16 Max: 21.6
Current: 3.41
1.83
21.6
Price-to-Operating-Cash-Flow 3.41
HRZN's Price-to-Operating-Cash-Flow is ranked higher than
87% of the 789 Companies
in the Global Asset Management industry.

( Industry Median: 16.94 vs. HRZN: 3.41 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
HRZN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.83  Med: 6.16 Max: 21.6
Current: 3.41
1.83
21.6
EV-to-EBIT 48.31
HRZN's EV-to-EBIT is ranked lower than
86% of the 1063 Companies
in the Global Asset Management industry.

( Industry Median: 13.77 vs. HRZN: 48.31 )
Ranked among companies with meaningful EV-to-EBIT only.
HRZN' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.9  Med: 14.45 Max: 54.1
Current: 48.31
7.9
54.1
EV-to-EBITDA 48.31
HRZN's EV-to-EBITDA is ranked lower than
87% of the 1086 Companies
in the Global Asset Management industry.

( Industry Median: 12.87 vs. HRZN: 48.31 )
Ranked among companies with meaningful EV-to-EBITDA only.
HRZN' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.9  Med: 14.45 Max: 54.1
Current: 48.31
7.9
54.1
Current Ratio 0.34
HRZN's Current Ratio is ranked lower than
95% of the 1010 Companies
in the Global Asset Management industry.

( Industry Median: 4.25 vs. HRZN: 0.34 )
Ranked among companies with meaningful Current Ratio only.
HRZN' s Current Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.26 Max: 1.89
Current: 0.34
0.11
1.89
Quick Ratio 0.34
HRZN's Quick Ratio is ranked lower than
94% of the 1010 Companies
in the Global Asset Management industry.

( Industry Median: 4.19 vs. HRZN: 0.34 )
Ranked among companies with meaningful Quick Ratio only.
HRZN' s Quick Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.26 Max: 1.89
Current: 0.34
0.11
1.89
Days Sales Outstanding 82.18
HRZN's Days Sales Outstanding is ranked lower than
69% of the 490 Companies
in the Global Asset Management industry.

( Industry Median: 44.16 vs. HRZN: 82.18 )
Ranked among companies with meaningful Days Sales Outstanding only.
HRZN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.48  Med: 50.79 Max: 2475.91
Current: 82.18
38.48
2475.91

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 11.55
HRZN's Dividend Yield % is ranked higher than
93% of the 1475 Companies
in the Global Asset Management industry.

( Industry Median: 4.09 vs. HRZN: 11.55 )
Ranked among companies with meaningful Dividend Yield % only.
HRZN' s Dividend Yield % Range Over the Past 10 Years
Min: 2.03  Med: 10.63 Max: 14.62
Current: 11.55
2.03
14.62
3-Year Dividend Growth Rate -12.10
HRZN's 3-Year Dividend Growth Rate is ranked lower than
79% of the 651 Companies
in the Global Asset Management industry.

( Industry Median: 2.80 vs. HRZN: -12.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
HRZN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -12.1 Max: 5.4
Current: -12.1
0
5.4
Forward Dividend Yield % 10.49
HRZN's Forward Dividend Yield % is ranked higher than
91% of the 1409 Companies
in the Global Asset Management industry.

( Industry Median: 4.40 vs. HRZN: 10.49 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 11.55
HRZN's 5-Year Yield-on-Cost % is ranked higher than
87% of the 1726 Companies
in the Global Asset Management industry.

( Industry Median: 4.78 vs. HRZN: 11.55 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
HRZN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.03  Med: 10.63 Max: 14.62
Current: 11.55
2.03
14.62
3-Year Average Share Buyback Ratio -6.40
HRZN's 3-Year Average Share Buyback Ratio is ranked lower than
69% of the 874 Companies
in the Global Asset Management industry.

( Industry Median: -1.40 vs. HRZN: -6.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
HRZN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8  Med: -6.4 Max: 0
Current: -6.4
-8
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.93
HRZN's Price-to-Tangible-Book is ranked higher than
64% of the 1528 Companies
in the Global Asset Management industry.

( Industry Median: 1.02 vs. HRZN: 0.93 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
HRZN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65  Med: 0.93 Max: 1.09
Current: 0.93
0.65
1.09
Price-to-Intrinsic-Value-Projected-FCF 0.93
HRZN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
62% of the 491 Companies
in the Global Asset Management industry.

( Industry Median: 1.08 vs. HRZN: 0.93 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
HRZN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.91  Med: 1.74 Max: 2.11
Current: 0.93
0.91
2.11
Price-to-Median-PS-Value 0.89
HRZN's Price-to-Median-PS-Value is ranked higher than
68% of the 887 Companies
in the Global Asset Management industry.

( Industry Median: 1.03 vs. HRZN: 0.89 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
HRZN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.75  Med: 1 Max: 2.66
Current: 0.89
0.75
2.66
Earnings Yield (Greenblatt) % 2.09
HRZN's Earnings Yield (Greenblatt) % is ranked lower than
60% of the 1527 Companies
in the Global Asset Management industry.

( Industry Median: 4.30 vs. HRZN: 2.09 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
HRZN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.8  Med: 6.9 Max: 12.7
Current: 2.09
1.8
12.7
Forward Rate of Return (Yacktman) % -0.52
HRZN's Forward Rate of Return (Yacktman) % is ranked lower than
62% of the 486 Companies
in the Global Asset Management industry.

( Industry Median: 5.06 vs. HRZN: -0.52 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
HRZN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -1.2  Med: 6.5 Max: 20.8
Current: -0.52
-1.2
20.8

More Statistics

Revenue (TTM) (Mil) $34.56
EPS (TTM) $ -0.15
Beta1.01
Short Percentage of Float3.59%
52-Week Range $9.64 - 13.95
Shares Outstanding (Mil)11.55

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $)
EPS ($) 0.69 1.16 1.41
EPS without NRI ($) 0.69 1.16 1.41
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 1.38 1.20 1.38
» More Articles for HRZN

Headlines

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More From Other Websites
Horizon Technology Finance to Announce Fourth Quarter and Full Year 2016 Financial Results Feb 21 2017
HORIZON TECHNOLOGY FINANCE CORP Files SEC form 8-K, Change in Directors or Principal Officers,... Jan 18 2017
Horizon Technology Finance Names Daniel R. Trolio as Senior Vice President and Chief Financial... Jan 18 2017
HORIZON TECHNOLOGY FINANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition,... Jan 11 2017
Horizon Technology Finance Provides Investment Portfolio Update Jan 11 2017
Horizon Technology Finance Strengthens Life Sciences Team With Two New Senior-Level Hires Dec 20 2016
Horizon Technology Finance Strengthens Life Sciences Team With Two New Senior-Level Hires Dec 20 2016
HORIZON TECHNOLOGY FINANCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements... Dec 19 2016
Horizon Technology Finance Investment Portfolio Positioned to Generate Additional Net Investment... Dec 19 2016
Horizon Technology Finance Investment Portfolio Positioned to Generate Additional Net Investment... Dec 19 2016
Horizon Technology Finance Leads $25 Million Venture Loan Facility for vTv Therapeutics Nov 15 2016
HORIZON TECHNOLOGY FINANCE CORP Financials Nov 05 2016
Edited Transcript of HRZN earnings conference call or presentation 2-Nov-16 1:00pm GMT Nov 02 2016
Horizon Technology Finance Corp Earnings Call scheduled for 9:00 am ET today Nov 02 2016
HORIZON TECHNOLOGY FINANCE CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Nov 01 2016
Horizon Technology Finance Announces Monthly Distributions for January, February and March 2017... Nov 01 2016
Horizon Technology Finance Announces Third Quarter 2016 Financial Results Nov 01 2016
Horizon Technology Finance to Announce Third Quarter 2016 Financial Results Oct 18 2016
Horizon Technology Finance Provides Investment Portfolio Update for Third Quarter 2016 Oct 13 2016
HORIZON TECHNOLOGY FINANCE CORP Files SEC form 8-K, Results of Operations and Financial Condition Oct 13 2016

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