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Horizon Technology FinanceHRZN 30 Debt-to-Equity is 0.96 as of Jun. 2026, which is 1% below its 10-year median of 0.97. GuruFocus rates HRZN with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 930 Asset Management companies, Horizon Technology Finance ranks worse than 83.12% on this metric.
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: 0.41 Med: 0.97 Max: 1.53
Current: 0.96
During the past 13 years, the highest Debt-to-Equity Ratio of Horizon Technology Finance was 1.53. The lowest was 0.41. And the median was 0.97.
HRZN's Debt-to-Equity is ranked worse than 83.12% of 930
companies
in the Asset Management industry
Industry Median: 0.22
vs HRZN: 0.96
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
Horizon Technology Finance Debt-to-Equity Historical Data
* 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.
HRZN vs PSBD, FUND, AFB: Debt-to-Equity 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 vs Asset Management Industry
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.
* 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.
Horizon Technology Finance (HRZN) has a Debt-to-Equity of 0.96 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Horizon Technology Finance and its competitors. This is near median its historical median of 0.97. Over the past decade, Horizon Technology Finance's Debt-to-Equity has ranged from 0.41 to 1.53. According to the industry distribution chart, Horizon Technology Finance ranks #773 out of 930 companies in the Asset Management industry, placing it in the top 83.1%.
Is Horizon Technology Finance's Debt-to-Equity too high?
Horizon Technology Finance's current Debt-to-Equity of 0.96 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.53. The Asset Management industry median Debt-to-Equity is 0.22. Horizon Technology Finance's value of 0.96 is 336.4% above this industry median. Based on the distribution chart, Horizon Technology Finance ranks #773 out of 930 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Horizon Technology Finance has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Technology Finance's Debt-to-Equity compare to PSBD and FUND?
According to the Asset Management industry distribution chart, Horizon Technology Finance ranks #773 out of 930 companies for Debt-to-Equity. This places Horizon Technology Finance in the lower half of its industry. The industry median Debt-to-Equity is 0.22. Horizon Technology Finance's value of 0.96 is 336.4% above this benchmark. Historically, Horizon Technology Finance's own Debt-to-Equity has ranged from 0.41 to 1.53 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.22, Horizon Technology Finance has consistently been above 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 Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.22, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horizon Technology Finance's current Debt-to-Equity of 0.96 is 336.4% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Horizon Technology Finance and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Technology Finance's current Debt-to-Equity is 0.96, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Technology Finance stock overvalued right now?
Horizon Technology Finance (HRZN) has a current Debt-to-Equity of 0.96. The current Debt-to-Equity is 0.96, which is near median its 10-year median of 0.97 and 336.4% above the Asset Management industry median of 0.22. Horizon Technology Finance's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Horizon Technology Finance (HRZN), the current Debt-to-Equity is 0.96 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.
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.
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