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

: 1.43 (As of Dec. 2023)

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Horizon Technology Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Horizon Technology Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $462.24 Mil. Horizon Technology Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $323.98 Mil. Horizon Technology Finance's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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 Horizon Technology Finance's Debt-to-Equity or its related term are showing as below:

HRZN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.85 Max: 1.43
Current: 1.43

During the past 13 years, the highest Debt-to-Equity Ratio of Horizon Technology Finance was 1.43. The lowest was 0.59. And the median was 0.85.

HRZN's Debt-to-Equity is ranked worse than
91.67% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs HRZN: 1.43

Horizon Technology Finance Debt-to-Equity Historical Data

The historical data trend for Horizon Technology 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.

* Premium members only.

Horizon Technology Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.83

0.87

1.05

1.36

1.43

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
Debt-to-Equity																1.36	1.37	1.18	1.26	1.43

Competitive Comparison

For the Asset Management subindustry, Horizon Technology 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.

Horizon Technology Finance Debt-to-Equity Distribution

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

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

Horizon Technology Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Technology 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	+	462.235)	/	323.981
	=	1.43

Horizon Technology 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	+	462.235)	/	323.981
	=	1.43

Horizon Technology Finance (NAS:HRZN) 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.

Horizon Technology Finance Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Horizon Technology Finance's Debt-to-Equity 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 » Debt-to-Equity

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