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WhiteHorse FinanceWHF +0.21%49 Cash-to-Debt is 0.03 as of Jun. 2026, which is at its 10-year median of 0.03. GuruFocus rates WHF with a GF Score™ of 49/100 and a GF Value™ of $13.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,412 Asset Management companies, WhiteHorse Finance ranks worse than 91.64% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. WhiteHorse Finance's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.03.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, WhiteHorse Financecouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for WhiteHorse Finance's Cash-to-Debt or its related term are showing as below:
WHF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.21
Current: 0.03
During the past 13 years, WhiteHorse Finance's highest Cash to Debt Ratio was 0.21. The lowest was 0.01. And the median was 0.03.
WHF's Cash-to-Debt is ranked worse than 91.64% of 1412
companies
in the Asset Management industry
Industry Median: 5.545
vs WHF: 0.03
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
WhiteHorse Finance Cash-to-Debt Related Terms
WhiteHorse Finance Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for WhiteHorse Finance's Cash-to-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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Asset Management subindustry, WhiteHorse Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WhiteHorse Finance's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where WhiteHorse Finance's Cash-to-Debt falls into.
* 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.
WhiteHorse Finance (WHF) has a Cash-to-Debt of 0.03 as of Jun. 2026. This is near median its historical median of 0.03. Over the past decade, WhiteHorse Finance's Cash-to-Debt has ranged from 0.01 to 0.21. According to the industry distribution chart, WhiteHorse Finance ranks #1294 out of 1412 companies in the Asset Management industry, placing it in the top 91.6%.
Is WhiteHorse Finance's Cash-to-Debt too high?
WhiteHorse Finance's current Cash-to-Debt of 0.03 is near median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.21. The Asset Management industry median Cash-to-Debt is 5.55. WhiteHorse Finance's value of 0.03 is 99.5% below this industry median. Based on the distribution chart, WhiteHorse Finance ranks #1294 out of 1412 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, WhiteHorse Finance has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WhiteHorse Finance's Cash-to-Debt compare to GLQ and MHF?
According to the Asset Management industry distribution chart, WhiteHorse Finance ranks #1294 out of 1412 companies for Cash-to-Debt. This places WhiteHorse Finance in the lower half of its industry. The industry median Cash-to-Debt is 5.55. WhiteHorse Finance's value of 0.03 is 99.5% below this benchmark. Historically, WhiteHorse Finance's own Cash-to-Debt has ranged from 0.01 to 0.21 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 5.55, WhiteHorse Finance has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 5.55, based on 1,412 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WhiteHorse Finance's current Cash-to-Debt of 0.03 is 99.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WhiteHorse Finance's current Cash-to-Debt is 0.03, which is near median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WhiteHorse Finance stock overvalued right now?
Based on GuruFocus' analysis, WhiteHorse Finance (WHF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.02, compared to a current price of $7.07 — trading 45.7% below its estimated fair value. The current Cash-to-Debt is 0.03, which is near median its 10-year median of 0.03 and 99.5% below the Asset Management industry median of 5.55. WhiteHorse Finance's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For WhiteHorse Finance (WHF), the current Cash-to-Debt is 0.03 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is WhiteHorse Finance (WHF) Overvalued in 2026?
Based on GuruFocus' analysis, WhiteHorse Finance stock appears to be undervalued.
The current stock price of $7.07 is trading 45.7% below its estimated GF Value™ of $13.02.
GuruFocus considers WhiteHorse Finance to be Possible Value Trap.
Key valuation signals for WHF:
Cash-to-Debt: 0.03 (near median its 10-year median of 0.03)
GF Value™: $13.02 vs. price of $7.07 (45.7% below fair value)
Industry Position: 99.5% below the Asset Management median (#1294 of 1412)
No single metric tells the full story. See the WHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 risk-adjusted returns by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries.
49GF Score
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Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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