WhiteHorse Finance, Inc. (WHF) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 62.06M | 35.09M | 9.54M | 41.64M | 27.77M | 34.61M | 26.79M | 43.18M | 37.18M | 34.58M | 39.76M | 43.83M | 31.8M | 36.25M | 21M | 33.13M | 38.39M | 19.71M | 42.46M | 17.41M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 44.73 | 35.74 | - | 65.79 | 49.81 | 51.15 | 839.47 | 97.35 | 72.73 | 63.81 | 88.39 | 97.43 | 43.27 | 106.17 | - | 90.29 | 111.77 | - | 155.53 | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 7.51M | 0 | 0 | 22.77M | 8.18M | 15.43M | 7.05M | 8.9M | 10.19M | 393K | 19.81M | 13.38M | 11.21M | 17.47M | 0 | 10.44M | 20.37M | 0 | 9M | 0 |
| Total Non-Current Assets | 543.97M | 580.04M | 616.47M | 629.26M | 651M | 642.21M | 654.34M | 660M | 697.87M | 696.17M | 706.79M | 728.35M | 749.22M | 760.23M | 764.56M | 766.48M | 800.37M | 819.21M | 687.12M | 670.48M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 543.04M | 578.65M | 108K | 442.51M | 129.79M | 130M | 654.34M | 130.93M | 129.56M | 696.17M | 142.44M | 128.4M | 130.96M | 760.23M | 764.56M | 139.8M | 137.88M | 819.21M | 92.48M | 670.48M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 606.04M | 615.13M | 626M | 670.91M | 678.77M | 676.82M | 683.58M | 703.18M | 735.05M | 730.75M | 746.55M | 772.18M | 781.02M | 796.47M | 796.66M | 799.61M | 838.76M | 851.02M | 729.58M | 699.73M |
| Asset Turnover | 0.02x | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x | 0.00x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x |
| Asset Growth % | -10.71% | -9.12% | -8.42% | -4.59% | -7.66% | -7.38% | -8.43% | -8.94% | -5.89% | -8.25% | -6.29% | -3.43% | -6.88% | -6.41% | 9.19% | 14.27% | 25.09% | 18.36% | 16.58% | 21.7% |
| Total Current Liabilities | 0 | 30.69M | 36.89M | 244.35M | 75.74M | 77.12M | 33.48M | 31.22M | 30.6M | 27.21M | 25.75M | 51.63M | 56.61M | 52.73M | 13.88M | 28.42M | 22.32M | 12.75M | 25.61M | 10.64M |
| Accounts Payable | 0 | 8.87M | 15.66M | 1.48M | 2.46M | 5.68M | 14.62M | 2.66M | 1.5M | 13.11M | 1.78M | 1.47M | 1.4M | 2.33M | 13.88M | 8.97M | 1.14M | 12.75M | 5.06M | 10.64M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 211.84M | 39.92M | 39.89M | 0 | 0 | 0 | 0 | 0 | 29.98M | 29.94M | 29.89M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 8.95M | 8.95M | 8.95M | 0 | 8.96M | 8.95M | 43K | 8.6M | 8.61M | 9.88M | 8.25M | -22.1M | 8.25M | 8.24M | -24.47M | 7.43M | -20.99M |
| Current Ratio | - | 1.14x | 0.26x | 0.17x | 0.37x | 0.45x | 0.80x | 1.38x | 1.21x | 1.27x | 1.54x | 0.85x | 0.56x | 0.69x | 1.51x | 1.17x | 1.72x | 1.55x | 1.66x | 1.64x |
| Quick Ratio | - | 1.14x | 0.26x | 0.17x | 0.37x | 0.45x | 0.80x | 1.38x | 1.21x | 1.27x | 1.54x | 0.85x | 0.56x | 0.69x | 1.51x | 1.17x | 1.72x | 1.55x | 1.66x | 1.64x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 355.7M | 324.65M | 323.87M | 151.81M | 321.58M | 313.56M | 353.21M | 359.28M | 390.66M | 386.76M | 398.5M | 395.25M | 394.39M | 411.36M | 13.88M | 423.76M | 468.52M | 12.75M | 380.25M | 359.11M |
| Long-Term Debt | 324.62M | 323.83M | 323.53M | 151.33M | 321.21M | 313.23M | 352.8M | 358.9M | 390.33M | 386.45M | 398.15M | 394.73M | 393.73M | 410.53M | 0 | 423.24M | 467.86M | 0 | 379.76M | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 355.7M | 355.34M | 360.76M | 396.16M | 397.32M | 390.69M | 386.71M | 390.5M | 421.26M | 413.98M | 424.25M | 446.88M | 451M | 464.09M | 453.64M | 452.18M | 490.84M | 501.27M | 405.86M | 380.1M |
| Total Debt | 324.62M | 323.83M | 323.53M | 363.18M | 361.13M | 353.12M | 352.8M | 358.9M | 390.33M | 386.76M | 398.15M | 424.71M | 423.66M | 440.43M | 431.54M | 423.24M | 467.86M | 476.8M | 379.76M | 359.11M |
| Net Debt | 275.39M | 294.51M | 313.99M | 352.64M | 349.69M | 340.69M | 341.63M | 346.04M | 379.61M | 362.28M | 387.52M | 414.3M | 411.92M | 430.92M | 421.69M | 414M | 465.4M | 464.61M | 370.18M | 348.78M |
| Debt / Equity | 1.30x | 1.25x | 1.22x | 1.32x | 1.28x | 1.23x | 1.19x | 1.15x | 1.24x | 1.22x | 1.24x | 1.31x | 1.28x | 1.33x | 1.26x | 1.22x | 1.34x | 1.36x | 1.17x | 1.12x |
| Debt / EBITDA | 75.25x | 37.81x | - | 149.09x | 82.66x | 84.70x | - | 44.28x | 62.34x | 104.08x | 68.95x | 102.81x | 54.62x | - | 106.82x | 56.25x | 78.88x | 144.40x | 44.53x | 32.91x |
| Net Debt / EBITDA | 63.84x | 34.39x | - | 144.76x | 80.04x | 81.72x | - | 42.69x | 60.63x | 97.49x | 67.11x | 100.29x | 53.11x | - | 104.38x | 55.02x | 78.47x | 140.71x | 43.41x | 31.96x |
| Interest Coverage | 0.86x | 1.70x | -0.06x | 0.40x | 0.71x | 0.64x | -0.95x | 1.13x | 0.85x | 0.50x | 0.76x | 0.56x | 1.03x | -0.12x | 0.72x | 1.52x | 1.24x | 0.64x | 2.22x | 2.86x |
| Total Equity | 250.34M | 259.79M | 265.25M | 274.75M | 281.45M | 286.13M | 296.88M | 312.68M | 313.79M | 316.77M | 322.3M | 325.3M | 330.01M | 332.39M | 343.02M | 347.43M | 347.92M | 349.75M | 323.72M | 319.62M |
| Equity Growth % | -11.05% | -9.21% | -10.65% | -12.13% | -10.31% | -9.67% | -7.89% | -3.88% | -4.92% | -4.7% | -6.04% | -6.37% | -5.15% | -4.96% | 5.96% | 8.7% | 10.68% | 11.78% | 2.91% | 6.46% |
| Book Value per Share | 11.29 | 11.21 | 11.41 | 11.82 | 12.11 | 12.31 | 12.77 | 13.45 | 13.50 | 13.63 | 13.87 | 14.00 | 14.20 | 14.30 | 14.76 | 14.95 | 15.00 | 16.77 | 15.53 | 15.50 |
| Total Shareholders' Equity | 250.34M | 259.79M | 265.25M | 274.75M | 281.45M | 286.13M | 296.88M | 312.68M | 313.79M | 316.77M | 322.3M | 325.3M | 330.01M | 332.39M | 343.02M | 347.43M | 347.92M | 349.75M | 323.72M | 319.62M |
| Common Stock | 217K | 22K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 21K | 21K |
| Retained Earnings | -75.79M | -69.35M | -71.98M | -62.48M | -55.78M | -51.09M | -41.42M | -25.62M | -24.51M | -21.53M | -16.97M | -13.97M | -9.25M | -6.88M | 2.73M | 7.14M | 8.04M | 10.57M | 17.73M | 16.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |