WhiteHorse Finance (FRA:M9X) Debt-to-Equity : 1.22 (As of Dec. 2023)

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What is WhiteHorse Finance Debt-to-Equity?

WhiteHorse Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. WhiteHorse Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €354.37 Mil. WhiteHorse Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €290.48 Mil. WhiteHorse Finance's debt to equity for the quarter that ended in Dec. 2023 was 1.22.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FRA:M9X' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.9 Max: 1.36
Current: 1.22

During the past 12 years, the highest Debt-to-Equity Ratio of WhiteHorse Finance was 1.36. The lowest was 0.56. And the median was 0.90.

FRA:M9X's Debt-to-Equity is ranked worse than
90.11% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs FRA:M9X: 1.22

WhiteHorse Finance Debt-to-Equity Historical Data

The historical data trend for WhiteHorse Finance's Debt-to-Equity 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.

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WhiteHorse Finance Debt-to-Equity Chart

WhiteHorse Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.96

1.23

1.36

1.33

1.22

WhiteHorse Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.33	1.28	1.31	1.24	1.22

Competitive Comparison of WhiteHorse Finance's Debt-to-Equity

For the Asset Management subindustry, WhiteHorse Finance's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where WhiteHorse Finance's Debt-to-Equity falls into.

WhiteHorse Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WhiteHorse Finance's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	354.373)	/	290.48
	=	1.22

WhiteHorse Finance's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	354.373)	/	290.48
	=	1.22

WhiteHorse Finance (FRA:M9X) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

WhiteHorse Finance Debt-to-Equity Related Terms

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

WhiteHorse Finance (FRA:M9X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WhiteHorse Finance Inc (FRA:M9X) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

WHF:USA

Address

1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131

Website

https://www.whitehorsefinance.com

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.

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