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WhiteHorse Finance (WhiteHorse Finance) Effective Interest Rate on Debt %

: 7.64% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. WhiteHorse Finance's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $29.99 Mil. WhiteHorse Finance's average total debt for the quarter that ended in Dec. 2023 was $392.30 Mil. Therefore, WhiteHorse Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.64%.


WhiteHorse Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for WhiteHorse Finance's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WhiteHorse Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.67 3.84 3.86 4.79 7.24

WhiteHorse Finance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.05 6.97 6.92 7.35 7.64

Competitive Comparison

For the Asset Management subindustry, WhiteHorse Finance's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WhiteHorse Finance Effective Interest Rate on Debt % Distribution

For the Asset Management industry and Financial Services sector, WhiteHorse Finance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where WhiteHorse Finance's Effective Interest Rate on Debt % falls into.



WhiteHorse Finance Effective Interest Rate on Debt % Calculation

WhiteHorse Finance's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -29.915/( (440.427+386.448)/ 2 )
=-1  *  -29.915/413.4375
=7.24 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=440.427 + 0
=440.427

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=386.448 + 0
=386.448

WhiteHorse Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -29.988/( (398.146+386.448)/ 2 )
=-1  *  -29.988/392.297
=7.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=398.146 + 0
=398.146

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=386.448 + 0
=386.448

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


WhiteHorse Finance  (NAS:WHF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


WhiteHorse Finance Effective Interest Rate on Debt % Related Terms

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WhiteHorse Finance (WhiteHorse Finance) Business Description

Traded in Other Exchanges
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate attractive risk-adjusted returns for investors, primarily by originating senior secured loans to privately held small-cap companies across a broad range of industries.
Executives
John Bolduc director 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Marco A. Collazos officer: Chief Compliance Officer 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Stuart D Aronson director, officer: Chief Executive Officer C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Joyson Thomas officer: Chief Financial Officer C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
G Stacy Smith director 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Rick Patrick Frier director 11808 PLEASANT WYATT PLACE, CHARLOTTE NC 28277
Anthony Tamer 10 percent owner 1001 SOUTH BAYSHORE DRIVE, STE 2708, MIAMI FL 33131
Sami Mnaymneh 10 percent owner 1001 SOUTH BAYSHORE DRIVE, STE 2708, MIAMI FL 33131
Kevin Francis Burke director C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Rick D Puckett director 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Edward J. Giordano officer: Chief Financial Officer C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Gerhard Lombard officer: Chief Financial Officer 600 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10020
Carvell James Demus Iii director, officer: Chief Executive Officer 200 CRESCENT COURT, SUITE 1414, DALLAS TX 75201
Tom C Davis director DEAN FOODS COMPANY, 2515 MCKINNEY AVE STE 1200, DALLAS TX 75201
William D Markert director, officer: CHIEF OPERATING OFFICER EVP - NETWORK FINANCIAL MANAGEMENT, 1467 ASHBOURNE CIRCLE, SHAKOPEE MN 55379