Horizon Technology Finance (Horizon Technology Finance) Cash-to-Debt

: 0.10 (As of Dec. 2023)

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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. Horizon Technology Finance's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Horizon Technology Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Horizon Technology Finance's Cash-to-Debt or its related term are showing as below:

HRZN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 0.39
Current: 0.1

During the past 13 years, Horizon Technology Finance's highest Cash to Debt Ratio was 0.39. The lowest was 0.04. And the median was 0.10.

HRZN's Cash-to-Debt is ranked worse than
83.36% of 1478 companies
in the Asset Management industry
Industry Median: 5.095 vs HRZN: 0.10

Horizon Technology Finance Cash-to-Debt Historical Data

The historical data trend for Horizon Technology 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.

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Horizon Technology Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.11

0.15

0.05

0.10

Horizon Technology Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.05	0.05	0.06	0.08	0.10

Competitive Comparison

For the Asset Management subindustry, Horizon Technology 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.

Horizon Technology Finance Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, Horizon Technology Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Horizon Technology Finance's Cash-to-Debt falls into.

Horizon Technology Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Horizon Technology Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	46.63	/	(0	+	462.235)
	=	0.10

Horizon Technology Finance's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	46.63	/	(0	+	462.235)
	=	0.10

Horizon Technology Finance (NAS:HRZN) Cash-to-Debt Explanation

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.

Horizon Technology Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Horizon Technology Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Technology Finance (Horizon Technology Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Horizon Technology Finance Corp (NAS:HRZN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

312 Farmington Avenue, Farmington, CT, USA, 06032

Website

https://www.horizontechfinance.com

Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.

Executives

Michael Balkin	director	C/O FORESIGHT ACQUISITION CORP., 233 N. MICHIGAN AVE., SUITE 1410, CHICAGO IL 60601
Jonathan Joseph Goodman	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Kimberley Ann O'connor	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Dombrowski Lynn Denise Murray	officer: Chief Accounting Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Gerald A. Michaud	director, officer: President	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Pomeroy Robert D. Jr.	director, officer: Chief Executive Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Daniel R. Trolio	officer: CFO	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Edmund V. Mahoney	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Joseph J Savage	director	WEBSTER FINANCIAL CORP, 145 BANK ST, WATERBURY CT 06702
Elaine A Sarsynski	director	312 FARMINGTON AVE, FARMINGTON CT 06032
Diane Earle	officer: Chief Credit Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher M. Mathieu	officer: SVP, CFO and Treasurer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher B. Woodward	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Compass Group Investments, Ltd.	10 percent owner	BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000
David P. Swanson	director	312 FARMINGTON AVENUE, FARMINGTON CT 06032