Horizon Technology Finance (HRZN) — Cash Flow Quality Index

Latest as of March 2026: 3.54x

Horizon Technology Finance (HRZN) has a Cash Flow Quality Index of 3.54x as of March 2026. Operating cash flow of $9.83 Million exceeds net income of $2.78 Million, indicating high earnings quality where cash backs reported profits. Explore Horizon Technology Finance (HRZN) long-term investment share to see how much of total assets are deployed in long-term investments.

Cash Flow Quality Index

3.54x
Operating CF / Net Income

Operating Cash Flow

$9.83 Million
USD

Net Income

$2.78 Million
USD

Data as of

Mar 2026
Most recent filing

Horizon Technology Finance Cash Flow Quality Index (2009–2022)

Historical Cash Flow Quality Index for Horizon Technology Finance across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check HRZN tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for Horizon Technology Finance (2009–2022)

Year-by-year earnings quality comparison for Horizon Technology Finance. For live market cap and the full company financial profile, see market value of Horizon Technology Finance.

Year Quality Index Operating CF (USD) Net Income YoY Change
2022 -11.64x $-246.28 Million $21.15 Million ▼ -325.7%
2021 -2.74x $-75.99 Million $27.78 Million ▲ +31.1%
2020 -3.97x $-25.28 Million $6.36 Million ▼ -50.7%
2019 -2.64x $-51.41 Million $19.50 Million ▼ -184.5%
2018 -0.93x $-12.06 Million $13.01 Million ▲ +40.1%
2017 -1.55x $-14.84 Million $9.59 Million ▲ +41.4%
2015 -2.64x $-31.33 Million $11.86 Million ▼ -211.2%
2014 2.38x $36.68 Million $15.43 Million ▲ +28.3%
2013 1.85x $6.50 Million $3.51 Million ▲ +120.5%
2012 -9.04x $-36.09 Million $3.99 Million ▼ -2371.6%
2011 -0.37x $-4.02 Million $11.00 Million ▲ +49.3%
2010 -0.72x $-10.62 Million $14.73 Million ▼ -184.2%
2009 0.86x $7.98 Million $9.31 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.